Repossession

It depends on HOW the dismissal was issued. If it was Dismissed WIHOUT Prejudice, yes, the charge could be re-instituted.

The car will be sold at auction. Whatever it sells for at auction will be deducted from the balance remaining. The credit company may initially offer to accept a reduced amount on the balance, but, if you're unable to pay that, they will turn it over to collections for the full amount of the balance remaining.

Besides the overdue payments on the vehicle, there are also towing and storage fees. The company that has physical possession of your vehicle (actually has YOUR vehicle in THEIR lot) should be able to tell you how much is still owed and to whom.

I think you are referring to the principal on a car loan. The principal is the amount actually due on the loan. When you make a monthly payment, the first part of the payment is applied to interest and then to the principal. Example: You have an outstanding balance of $1000 this month at 12% interest, and your payments are $100 per month: From your $100 payment, $10 is for interest, and $90 is applied to the principal.

If a car dealer wants you to redo the paperwork, you are not required to do so unless (a) you know that the redoing of the paperwork will help you relative to the interest rate or price of the vehicle that you are purchasing or (b) the paperwork was done in such a way that your credit or identity may be negatively impacted.

Ask the dealer to give you the specific reason why they want to redo the paperwork and have them show you the fault. You are also able to say, "I want to speak with my financial advisor before doing so, and you should still be able to leave with the vehicle.

If all else fails, the three (3) day lemon law states that if you are not happy with the vehicle that you purchased, you may return the vehicle to the dealer at no cost to you - the action will make your loan null-and-void.

The penalty varies between states.

You are legally obligated to pay your entire bill. If the vet allows you to pay it over time, they can charge interest.

Basically, you must show that you have not paid the bill because you did not owe it or the merchandise or service was not as ordered, etc.

Yes they can, but more than likely depending on your states laws the debt is probably beyond SOL for legal recourse. I would check my states laws and see, if it is beyond SOL I would send them a Cease & Desist letter.

You should contact the finance company. Perhaps, you can make smaller payments and stretch out the loan or perhaps you can turn the car in and avoid them the trouble of repossessing the car in exchange for not having your credit ruined.

Your co-signer may or may not be able to take your car. It depends on how the title reads. It does not depend on who made the loan payments. However, if you had a verbal agreement, that is a legal contract in this state enforceable by a court of law. You may wish to inform your co-signer of that fact. That is especially true if you kept a paper trail of your car payments.

P87 is the Federal Income tax form to claim your Mileage, once posted it takes about 6 to 8 weeks depending on staffing.

If they don't report, then you don't have to worry about it affecting your credit.

If a contract was signed, then they have the legal right to come after you for any deficiency after they resell the vehicle, any monies from that sale will be then be applied to your balance you may have, what ever is left over is the deficiency. They may choose to place it with a collection agency who may then report the account with the CRA's.

Yes. There are basically two ways to do this:

You can talk to an insurance company and get insurance on yourself as a driver to cover your personal liability when driving. This may not cover damage to the car you're driving, but will cover damage to other people and their property (and that's the kind of insurance states that require insurance care about).

The other option would be, as soon as you know what the make/model/VIN of the car you're going to be getting is, to call an insurance company and get it covered immediately. If you already have insurance on some other vehicle, they can just add the new one to your policy. If not it may be a little more complicated ... but not much.

yes

If you are on the title as lien holder. If not, you will need to go to court and show that the person with the car has defaulted on the contract.

payment

yes, if your insurance settlement does not satisfy the outstanding loan balance you are still responsible for the remaining balance- you might me able to work w/ them to lower the payments if its a hardship, if you stop paying it will go to collection, then after awhile and depending on the amt outstanding they will either file a lawsuit against you- which can lead to liens on property or wage garnishment- this varies by state, or they will discharge the debt- but beware if they discharge/forgive the debt you will receive a 1099C Cancellation of Debt form, and you must claim the amount as income on your taxes

People known as Edc's may repo a car if they are in possession of an original court order from the bank

a deceased persons property becomes part of their estate, if the person had a will and left the car to someone, it most likely states something to the effect of any taxes, fees etc arising out of anything be paid by the estate- which means if the estate has enough to pay the loan off it will and ownership will be transferred to that person, if not it still needs to be paid off, if you cant afford to pay it off, you can call the loan holder and try to qualify for financing, if you don't the car can be voluntary surrendered

Yes. The co-signer should negotiate a resolution as soon as possible. If the debt goes into default the co-signer's credit will be ruined. The co-signer should try to get the lender to take back the vehicle and negotiate the amount it will take to write off the debt. On the other hand, the co-signer could try to get title from the decedent's estate and then pay off the loan.

If the leinholder agrees to give you relief, then I suppose yes. But when you borrow money from someone you have to pay them back, even if what you bought isn't worth what you owe! If you want to protect yourself when your car is totaled, you need to buy good insurance.

You must make certain the person who has agreed to co-sign your loan understands they will be fully responsible for paying the debt if you default on the loan or if you die while the loan is outstanding. Their name should also be on the title to the car and the insurance so they can be notified if you don't pay the insurance or take the car over if you fail to pay and they must make the payments. Most people don't realize all the financial responsibility that comes from co-signing for another person's car loan. If the co-signer owns any real property it could become vulnerable to your creditor if you default on the loan.

If you remember the VIN number, you can get a Carfax report, although I don't believe that will actually list the name of the current owner, although it can tell you where the vehicle was registered, at which point, you may be able to obtain that information through the appropriate DMV office.

Generally, in the case of a vehicle that still has a lien against it, you would submit a death certificate to the bank that holds the title. It is then up to the bank's policies whether or not they will allow an assumption and let someone take over the loan. They may ask that the vehicle be surrendered.