Repossession

You are still responsible for the balance of the contract, in addition to repossession, collection, and legal fees. Added to this can be transportation costs, storage costs, auction fees. The car should be sold and the sale amount deducted from your contract balance. What ever is left is called a deficiency balance and your are still liable for it. Keep in mind that most repossessed vehicles are sold at a substantial loss (much less than for what is owed) and the additional fees can result in a higher balance than the original payout on the vehicle.

If you bought the car with a car loan and you intend to reaffirm the debt, and the equity in the car is equal to or less than the exemption available, any time.

If you paid cash for the car and it's value is equal to or less than the exemptions available, no problem, especially if you had to buy a new car to get to work or some other good reason.

No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.

No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.

No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.

No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.

Yes, they do. Within 24 to 48 hours of recovery (depending on the state) the repossession company is required to notify you that your property can be collected and must give you a phone number or other means to contact them. Most recovery agents will charge storage fee on private/personal property and will require that be paid prior to releasing the property.

accured expenditure unpaid (AEU)

A person who owes is a 'debtor'

A person who is owed to is a 'creditor'

I dont see why not. The dealership gets their money from the company that financed the car. You arent paying tge dealership, you pay the financial institution. Problem is, if you're behind on payments, that will not help you to get another vehicle.

It may or may not fall off your report in 7 years. This depends on the Statute of Limitations, which may vary from state to state. However, it usually will fall off your report along with other baddies* on your report...

* baddies: term referring to things on your credit report that bring your score down, like collections, repos, foreclosures, delinquencies, etc...

Ummm YES YOU idiot!

Yes. They just can not garnish your wages for any monies owed afterwards. There are a number of other ways they can recover the balance however.

Not directly. However, in many states, if the landlord obtains a judgment (and a judgment is always necessary for any form a garnishment), the landlord may garnish your bank account.

There are several states (NC, SC, Penn., and Texas) which do not allow garnishment for creditor debts.

The law in every state is very clear about backing. The person backing up/out is at fault and responsible for any damages, regardless of the other vehicle's speed and/or position.

It's also known as:"Limitations on backing".

It depends...when the dealer has a lot of cars and has enough experiences he can have lower prices. If he got them for a normal price he can sell them with a price which can fit the buyers. But usually they sell their cars with a little higher price so that the buyers don't notice it. :)

yes

Unregistered on private property is legal

Abandoned or derelict can be a different thing. The city can get after you for not keeping your yard up, the same as as if you didn't mow your lawn all summer.

I have an old smoking table/cabinet with a copper lined humidor. The tag on the inside of the cabinet says "Springfield Furniture Works". However when I removed the copper lining from the cabinet. the wood behind is stamped with Car. P. Co. The botom of the cabinet is scratched with a 689, I'm guessing that is the patern number.

Police or Vehicle Licensing authority DMV (USA) or DVLA (UK) or insurance company (if known)

All will want to know your reason for wanting the information and may refuse to give it if they do not think you have a valid reason for knowing.

Owners of cars by there registrations is not public knowledge to prevent crimes it would be a criminal offence to obtain information as to the owner of a vehicle or their home address without their consent unless for insurance or legal reasons other than through the above authorities.

yes

Whether a debt is "charged off" or even discharged by a bankruptcy court, the debtor has the option of repaying the debt anyway. This is how many business reorganize their finances. The file for bankruptcy, have debt discharged but negotiate with the creditors after the bankruptcy to pay down the amount(s). That way the company can stay in business and also keep it's credit rating up.

yes you can trade it in. But if you owe more than what the dealer is going to give you for the car the remaining balance will be added to your new loan

No once it's repo'd you either have to work it out with whoever financed the vehicle to get it back or your at a total loss. And banks will sell the vehicle at an auction to the highest bidder which most likely if you just got the car will be thousands less than what you just financed it for,which you'll also owe on top of your loss.

Yes, In some cases. If you are only capable of being financed by a sub-prime

or secondary lender, there is a fee or comparatively a closing cost to secure the

funds necessary to finance that loan. Unfortunately you may have not to many

options as far as the vehicle on the lot you get to take home. The vehicle will have to be able to absorb the cost to finance as well as fall in the criteria, age, mileage and price in which the lender will be willing to finance. this is not an easy feat and can be discouraging. The dealer will not tell you there is a cost associated with this purchase because of the truth in lending laws. Good luck

receive

It's still your car as long as you pay for it. You are expected to pay impound to get it back.......................but they have the title

secured debt