Repossession

You can take them to small claims.

No!! except in cases of I believe child support, or money owed to the I.R.S. and stuff. But your average VISA, MASTERCARD, or J.C. PENNY charge account ? No they can't garnish you once you file chapter 7 or 11, or whatever. Of course if you open a new line of credit AFTER you file, then yeah, 'cause you cant file bankruptcy again for 7 years I believe it is. (But what idiot, would wind up back in bankruptcy so quickly ? filing is such a nightmare now, it makes you want to manage your spending much more carefully)

He has no obligation to provide the history, whatever his reason.

I think that cars will still be existing but they will not be that popular. Since technology is improving, better transport will be made.

The short answer is no... Repossessions are like collections, there are rules. However, they are allowed to take the automobile where ever they find it just so long as they do not enter the house (or) break into a closed garage. Now, you should know -- if you have the recourse to pay the lender -- contact them, the repossession company cannot deal on their behalf. It is best if you cannot possibly pay, to surrender the vehicle, get your possessions out of it, and turn in your plates.

Car 3 is at fault for striking car 2.

If car 2 and car 1 are sitting stationary (e.g.: at a traffic light) then car 3 is responsible for entire accident

The charge may vary from jurisdiction to jurisdiction but it will probably be some variation of; "following too closely" - "failing to have vehicle under control" - "failing to give full time and attention" etc.

If moving in traffic, car 3 (and car 2) should have been maintaining a safe following distance from cars in front of them in order to avoid the collision.

You are at fault if you are car three as I surmise.

If you mean, what happens after your car is repo'd and you cannot afford to pay the difference then I can explain.

1st. I repo for a living and have seen this 1st hand - there are a LOT of GOOD people out there that have had collateral repo'd

Anyways, you will get a letter from the lienholder stating the collateral was sold at auction, and for how much. They will deduct the amt it sold for from the total bill you owe (loan/repo fee/auction fee etc). So, 10k owed, 5k from Auction = you still owe 5k.

Next they will ask that you contact them to make arrangements to pay this amount. This whole process always makes me shake my head..the Debtor couldn't pay the original note and now the lienholder, so HOT to get the collateral back, sells it for pennys on the dollar and then wants you to keep paying....

If you ignore this, don't call, don't make arrangements, they MAY send you a settlement letter, which could be an amount as low as 40% of the difference. In my example they would offer you to settle for 2,500. Sounds like a good deal, but, they want it all, not payments, usually. At the point of the settlement letter, I would call them and ask to arrange a pay schedule on the offered amt. Up to you.

If you ignore the settlement letter, you will get a new bill from them, which will include lawyer costs, the FULL amt of the loan, any court fees etc because they will be coming after you in civil court - prepare to get garnished.

Bottom line, if you got repo'd and you are still in a situation that you can barely afford anything, youre better off filing bankruptcy and moving on.

Hope this helps.

Gm

As long as the loan for the unit is paid each month, the collateral will never be repo'd.

If your co-signer has declared bankruptcy but you have not and are current on your payments it will affect your credit until the original loan is paid off regardless of what state you are in.

Once that loan is paid off and your connection to the other persons credit is severed you will operate on your own credit score.

well at this time over 500 models have been made but there is still more than that out there there will never be an exact answer to its not made anymore.

Yes, and in every other state, as well.

yes

They produce harmful gases which pollutes the air.

The license plates are yours to keep and transfer to another vehicle if you wish.

For some system you do - although nowadays these are becoming rarer.

I was actually in a rollover car accident in 2009. It was a suburban and there were 6 kids in it, including me and I was the only not wearing a seatbelt. Everyone survived and my mom got the worst, her arm was ripped to shreds. But I got out with only a couple scratches on my arm.

I think my case was just lucky. I don't think it is likely for someone to survive a car crash without a seatbelt in general.

No. Definitely not. A Banks safe deposit box is much much safer than a safety deposit box in a home.

It depends on where you are. In some U.S. states, state law allows a purchaser a few days or a week to change his or her mind. This is generally called a "cooling off period."

In others (TN is one of these), the moment you sign the contract, you are obligated and the only way to get out of the contract is to get the dealer to agree to cancel it, which is very unlikely.

No....

Ownership of real property is evidenced by a deed or a probated estate.

You will have to make the payments to the company that purchases their assets, it doesn't mean you get a free car.

No

You can tow a car that does not have insurance.