You have the right to think before you decide to take full responsibility for another person's loan. Did the lender have your current address? Usually, the lender will try to make the co-signer pay if the loan goes into default. However, if the lender didn't have your contact information it could not notify you of the default. You should have been monitoring the repayment of the debt since you guaranteed it. You could consult with an attorney to see if you had any rights that were violated under your state laws.
You have the right to think before you decide to take full responsibility for another person's loan. Did the lender have your current address? Usually, the lender will try to make the co-signer pay if the loan goes into default. However, if the lender didn't have your contact information it could not notify you of the default. You should have been monitoring the repayment of the debt since you guaranteed it. You could consult with an attorney to see if you had any rights that were violated under your state laws.
You have the right to think before you decide to take full responsibility for another person's loan. Did the lender have your current address? Usually, the lender will try to make the co-signer pay if the loan goes into default. However, if the lender didn't have your contact information it could not notify you of the default. You should have been monitoring the repayment of the debt since you guaranteed it. You could consult with an attorney to see if you had any rights that were violated under your state laws.
You have the right to think before you decide to take full responsibility for another person's loan. Did the lender have your current address? Usually, the lender will try to make the co-signer pay if the loan goes into default. However, if the lender didn't have your contact information it could not notify you of the default. You should have been monitoring the repayment of the debt since you guaranteed it. You could consult with an attorney to see if you had any rights that were violated under your state laws.
Does a trucker have to pay lumper fees?
Companies typically care of this. They usually send a Comcheck express code.
How can you find out if your car has been impounded?
Call 911 to report the car stolen. If it has been repo'd or impounded they will tell you.
Will able to purchase a car after a repo?
Will i be able to purchase another car later on if my car is repo
Why does the voice form the police car respond no profession in the pedestrian?
mr.mead said he is a writer. so thecar believes wriying isnot a job so he responds no profession.
What was George Stephenson first steam train called?
It was called Puffing Billy, and is the George Stephenson Museum in Newcastle.
What am I obligated to pay for when getting my car back after it's been repossessed?
Pretty much whatever the agency that repossessed your car says you have to.
Minimally, you can expect to have to bring any missed payments current, and to pay the actual expenses the loan agency incurred in having your car repossessed. This will include the fees charged by the repo agency, storage fees, and so forth.
If there's a particular fee you don't think you should have to pay, you can try asking about it specifically, but in general the lender has the right to pass along "reasonable and customary" (this means "not out of line with industry standards", not necessarily what you personally might consider "reasonable") charges to you.
If the finance company has sold it, you have you answer. How can you be so stupid?
When repo man hits another car when repossesion a vehicle?
when repo man repossess the car and was in an accident before you can get it back, what happens
How long can you stay in your house if it is sold by foreclosure?
The answer to this is complex and heavily dependant on location and situation. Generally anywhere from 3 days to several years.
Once a home is foreclosed the new owner must either negotiate for the occupants to vacate or must initiate eviction. Occupants who were renters may have different rights than prior owners (some states require a landlord to honor the remaining terms of an existing lease agreement).
Many occupants negotiate a cash-for-keys deal where they accept a set amount of cash (often equal to 2-3 months rent for the area) in exchange for vacating the property by a certain date with the property left in good condition.
If the occupants do not negotiate or otherwise come to an agreement, the new owner may file a Notice to Quit that gives the occupants a set time to vacate (3 days, 30 days etc.). If the property is not vacated they can file an Unlawful Detainer suit which can cause the tenants to be liable for costs, fees and rents. This would ultimately result in a forced eviction by law enforcement.
Eviction is an expensive and time consuming process, and most owners are anxious to avoid it. The cash-for-keys deal is often very beneficial for both parties.
Can your federal wages be garnished?
Yes. Employment income from federal wages can be garnished for taxes, fines, or judgments if lawfully executed.
If you have not fully paid for the car, it is not yours. The loan papers allow you to use the car until it is paid for; without the agreement you have nothing.
layaway
Does a collection agency need a court order to repossess a vehicle - hospital bills?
The collection agency cannot reposses the vehicle unless they are the lien holder. If they are, they do not need an order of replevin to seize the vehicle unless they live in one of the few states that require such.
If the collector does not hold the lien on the vehicle they will be required to file suit against the debtor, receive a judgment and execute said judgment as a forced sale or a lien of/on the judgment debtor's vehicle.
What happens if you hide a vehicle from repossession in Alabama?
good luck hiding a vechile from the repo-man! they cantrack down a vehicle by using the vin number and plates. after they get a hold of the vehicle, you'll either go to jail or have to pay a really big fine
How you can increase service load in an car dealership?
conduct service events/activities regularly.
Do the customer retention activities.
Do the survey for dissatisfied customers/bring back those customers
Can repo man enter garage or home?
No, a repo man can enter your driveway but if the car is in a locked garage they do not have the right to enter without your permission. This rule applies to your home as well.
Can a repossessed car be reported stolen if you can't find it?
If you want to be charged with making a false report on top of losing your car. If it has been repossessed legally, you have no real claim on it and aren't supposed to find it. Pay what is owed on it and whoever has it must produce the car.
Can a lessor collect total lease amount more than the asset value?
A common misconception regarging automobile financing, both traditional and lease arrangements is that the debtor is paying for the vehicle. In actuality, the debtor is paying for the contract, and the vehicle is only security on that contract.
The short answer is yes, if the contract states an amount that is greater than the asset, then yes, the lessor can collect that amount.
Can a customer remove vehicle from repair shop without paying?
Yes, under certain circumstances known as replevin, whereby a party is simply gaining possession of an item that belongs to them. Be careful, however, as one cannot lawfully break into a shop or scale a fence to remove a vehicle. If a vehicle is standing out in the open-parked on a lot of a service station or repair shop-and one has the keys it could be taken under replevin. Bear in mind, however, that the business will likely be able to place a mechanics lien or file a lawsuit to obtain money or payment for their services. I would also be certain to have the registration for the vehicle in your possession in case the police are called. The police will not arrest you for taking your own car, but if there is suspicion that you are doing otherwise, be prepared to offer an explanation and to be delayed by them for a time.
Can you trade in a car after 6 months of purchase with bad credit?
You can,But whether they/he/she will be willing to buy it back depends on a number of variables;
If the model car you purchased is selling good then the buyer(original seller) will have a higher likelihood of re-purchasing the car from you.
Further accentuating the thought of the re-purchasing the car from you would be the condition of the car when you return with it to to him/her.
Lastly,and the most crucial part,is whether or not you are "higher-purchasing" the car,if you are it is illegal in some places to sell it until the final payment on the car is made.