Repossession

One of the key factors that can change the market and fair value of fixed rate notes and bonds is an increase or decrease in market interest rates. Even though a bond has a fixed rate, it's value is dependent on current yields in the market and the value of the bond will move inversely to interest rate changes.

It all depends on your finance company. They could have a warrant issued against you for Grand Theft; and you certainly don't want that to happen. It's not worth keeping the car. You'll have a felony if you're convicted.

However, if you truly attempting to clean up your credit; and you have a company such consumer credit counseling they might be able to incorporate all your past due payments and future payments into one monthly bill along with your other creditors.

If you don't have the money to meet the monthly plan they've established you possible could be dropped from the program. You have to make current payments every month, simply because they have bargained with your creditor probably at lower monthly payment and interest rate.

Last, if you find that you simply can't balance bankruptcy is an option. However, if you plan to repay all your creditors back then you will need to file a chapter 13; but once again you have one monthly payment for all your creditors and you have to make your monthly payments or the trustee over your bankruptcy case will file a motion to dismiss the case; and you'll find yourself no longer protected by the bankruptcy court who issued what is called a "stay". This stay keeps anyone from taking your belongings without the courts permission. But you must make your monthly payments the court have instructed you to pay. Therefore, any past due payments you owe will be placed in your bankruptcy plan and your car payment at a much lower rate will be paid through the bankruptcy court. Next, you also are required to obtain and maintain full coverage auto insurance on the car, otherwise the trustee could request and possible be granted to release the stay on car; and then the finance company is free to repo the car. The finance company could also file a law suit against you; and the sheriff serve you; and if you lose the judge could order you to turn the car over that day, if warranted or the other side pushed to have it picked up.

However, if you file a chapter 7, you have a temporary stay on your car until the judges enters an order. Afterwards, you either have to turn the car in the creditor or work something out with the creditor. I would suggest to speak with someone who is authorize and who possible grant your request. Ask, can you put your past due payments at the end of your payoff and you begin making current monthly payments. The finance company might agree or disagree. Banks are more open to this. Once again they probably will require you have full coverage on the car. You really need to check the blue book to ensure the amount of coverage truly needed to at least cover the blue book value otherwise you could end up paying the difference if you don't have gap insurance.

Now, filing bankruptcy isn't always the answer; but if you have large amounts of debt, perhaps that's something you will need to discuss with an attorney. Afterall, a bankruptcy remains on your credit from what I hear between 7 to 10 years. However, companies will see that you've taken steps to correct several issues; and that you'll make better credit choices by limiting your spending or living above your means.

Just wanted to give my opinion.

There is no set time when a lender may instigate repossession action. If the contract is defaulted on for even a day, in most states the lender can seize the vehicle, although it is not usually in their best interest to do so.

You're not considered a legal adult in the eyes of the law until age 18, generally speaking. As such, you cannot enter into a binding contract as a juvenile. It has been done, however, by unwise merchants. They find the hard way -- usually in small claims court -- that any contract a juvenile signs isn't considered legally binding.

If you verbally agreed to have the materials purchased, then you are responsible for their cost. If you do not accept them, then the contractor must make reasonable efforts to sell them, and you will be liable for any deficiency. This deficiency may be claimed as a lien against your property. See the legal doctrine of quantum meruit for more details.

YOU cannot dismiss your own case. A dismissal can only be granted by a judge. You must pay your attorney for any work that he does on your case.

Sure

Mike, dont know what state you are in sooo cant say if you had to have "notice" or "repo papers". The LENDER is liable for Damage to the car. You will need some type of proof that damage was done during the repo. Cant just pop up and say, "oH'they broke my car". Tooo many folks try that so lenders are just not falling for it. But, get your ducks in a row and call the lender,explain what proof you have and try to reach a settlement. If that fails, call an attorney.

Not unless you have commited a crime. Being in default on a loan is NOT a crime. Repomen/women CANT arrest anyone. IMHO, attempting to scare someone into giving up a vehicle is the LAZY way to do it. It would be INSULTING to me if a so called "recovery agent" tried that on me. roosta NO you cannot be arrested for non payment of your car loan period!! I agree that recovery agents (repomen) cannot arrest you. They are not peace officers. However, some states have laws directly relating to failing to return a vehilce that was financed. Try this one one for size, ARIZONA REVISED STATUTES TITLE 13. CRIMINAL CODE CHAPTER 22. BUSINESS AND COMMERCIAL FRAUDS

There are lots of types/things that may go through repossession.

My instinct is to say that, while entering your property to repossess a car or a boat parked there is absolutely OK, entering your home probably wouldn't be.

However, under the same idea, maybe it would be OK to enter to repossess something like a couch or TV in there. Sort of following that if a repossession is required, whatever is required to accomplish the repossession is OK. The courts and society basically (and rightfully) support the party who trustingly gave up assets to the deadbeat that broke his promise/obligation to repay.
Allowing him/her to just hide behind their (or some rented) door with the unpaid goods wouldn't seem to be right. Understand, the point of repossession is the goods are actually owned by the one taking them back...just in possession by someone else (until paid). The owner should have the right to get his goods when the one holding them stops paying and refuses to return them, don't you think?

A house does not need to be entered to be repossessed. That happens by paperwork at the recorders office. There can then be an eviction of the holdover owner just like any non paying tenant.

8,000

No. as long as you make the payments to that place, it should not be a problem.

No because your Employer is dead. I killed him.

Yes, anyone whose property outstays its welcome is a trespasser. Failing to evict the trespasser in a timely manner could result in losing the right to ever evict them in the future.

Of course not. In the times we live in law suits abound. He would take you home, but then have your car towed, in some cases you would even have to pay for that yourself. No person left stranded, sorryl.

Simple: call him on the telephone and demand that he bring your car back. When he declines your peaceful invitation (which he no doubt will) you will telephone the police and report your car stolen. Then you will give them the name, number, and address of the man who stole your car.

Go to "Mange My Life" and enter your model number. Your manual will come up.

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The first police car was a wagon run by electricity fielded on the streets of Akron, Ohio in 1899. The first operator of the police patrol wagon was Akron Police officer Louis Mueller, Sr. It could reach 16 mph (26 km/h) and travel 30 mi (48 km) before its battery needed to be recharged. The car was built by city mechanical engineer Frank Loomis. The $2,400 vehicle was equipped with electric lights, gongs and a stretcher. The car's first assignment was to pick up an intoxicated man at Main and Exchange street.

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I have a very many no ideas I have a very many no ideas

READ your contract. Most auto financing contracts require you to keep the car IN state, unless the LENDER approves. Likely a "note" lot would have such a clause.