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Repossession
Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.
11,694 Questions
What is the difference between pay and payment?
Pay is a verb (often): Pay me now for the day.
Or, your pay often means what you take home: My pay is too low for all my expenses.
Payment: I mailed in the payment on my credit card.
I worked out a payment plan with the IRS and will pay them $100 a month until my debt is paid off.
You owe a minimum payment every month on your credit card.
You can pay it online or you can pay them by mailing in a check.
My guess would be that they use a car dolley and manually switch your cars transmition into nuetral and the manually pushed onto the dolley. Every car has a mechanism the can switch a car out fo park to nuetral without the key but your insurance company won't tell you that but your local tow truck driver or repo man will. Gl and hope it helped.
Why do banks pay interest on your savings account?
The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.
The amount of initial fuel for the setup. Perhaps you want to compute that setting at startup instead of putting it into a setup file. Feel free to improve it. For qualifying and short races you want just the minimal amount of fuel you need, for longer races it will depend on your strategy (but we need to implement pit stops first).
SpoilersThis section defines the angle of attack of the rear spoiler relative to the floor. When you increase the angle of attack you get more downforce and drag. If the race track has very long straights and just a few narrow turns you want a small angle of attack to reduce the drag. If there are many turns you want a big angle of attack to increase the downforce, so you can drive faster through the turns. For some cars there is also a front wing section available. The front spoiler helps to avoid understeering if you set up the rear spoiler with a high angle of attack.
Gearbox
The gearbox section defines the properties of the gears. The "r" subsection specifies the ratio of the reverse gear. The reverse gear ratio needs to be negative. The wheel velocity is proportional to the engine rpm divided by the ratios, so for the highest gear you need the least value. For quick starts you need a very high value for the first gear.
DifferentialHere the differential type is defined. The "Free" type distributes the power without any control, so it is the classic differential you can find in most of the normal cars. The "Free" differential is a good choice for tracks with high friction and not many bumps for the qualifying. When you leave the track with the "Free" differential you perhaps get stuck in the grass, sand or dirt.
The "Limited Slip" differential allows just a certain amount of speed difference between the left and right wheel. This allows you to come back to the track from grass and dirt. This is most often the best setting for races.
The "Spool" setting links together the right and the left wheel, so it's usually a bad setting for all turns. It could make sense on a very bumpy road or for offroad races.
BrakesThe front-rear brake repartition defines how to distribute the pressure in the brake system. If the value is 0.0 all pressure goes to the rear brakes, if it is 1.0 all pressure hits the front brakes. The max pressure setting defines the pressure for applying full brakes.
WheelsThe ride height setting defines the initial distance of the cars floor to the track. When you decrease the ride height the downforce increases because of the ground effect, but you cars floor may hit the track. With toe (on the left on the sketch) you can define the initial angle of the wheel to the car. You can improve the stability or the response to steer commands with these settings. Camber (on the right on the sketch) defines the angle of the wheel to the track. At the moment it increases simply the adherence on the track in the simulation when you decrease the angle (toward negative values).
Anti Roll BarThe anti-roll bars prevents the car body from rolling (e. g. in fast turns). When the car body rolls (on the bottom of the sketch) the tire contact patch becomes smaller and the grip drops down. The spring setting defines how strong the anti-roll bar is linked. With a high bellcrank value you can increase the strength of the link further.
SuspensionThe spring setting defines how stiff the spring is. The suspension course defines the distance which the suspension can move. With the bellcrank you can make the whole suspension system more stiff (higher values) or soft (lower values). The packers limit the suspension movement. You need this if you want a soft setup and avoiding the car floor hitting the track on fast track sections. Slow bump and rebound allow you to set up the damping of low frequency oscillations, e. g. caused by braking and steering. Fast bump and rebound are for damping high frequency oscillations, e. g. caused by bumps on the track or if you hit the curbs.
How do the repo company find where you are?
The repo companies are really good at tracking people down. They use phone directories and the internet. They call your employer or school. They stop by your parents or best friend's house and get them to tell where you are. Sometimes they use tricks that are in bad taste or are illegal, such as telling people they need to find you to give you your uncle Ray's life insurance money, or saying they have a certified letter to deliver to you.
Is a contract of Insurance a wager Explain?
Yes, insurance is a form of a wager. In legal terms it is called an aleatory contract which means that the contract participants agree ahead of time to take certain action in response to a defined event. For example, if you take out a health insurance policy (the contract) You are betting that you WILL fall ill, while the insurance company is betting you WON'T fall ill. As long as you remain healthy they get to keep your premium. If you fall ill they have to pay your medical bills.
What can happen if your car is stolen before the bank repossesses it?
Don't do it! You will get caught.
Is there legal action you can take against someone who crashed your car?
Yes, every one can take legal action against someone if he does harm to ur car or anything valuable in the car.
Yesterday, the 20th September 2010 I have seen in the first page of the daily newspaper PROTHOM ALO with a photograph of late Farzana Hossain who died in a road accident and the driver is given seven years imprisonment by the court of justice of Bangladesh. There are so many instance in whole of the world.
Late Farzana's parents started suit against that driver on 27th October 2007. and they have to take so many bottlenecks, need to show serious endurance, spent money, killed their valuable time, bore mental pressure, and after all these they have got this result.
But I won't say it is a good decision. Driver should be punished more if he is really guilty. But I should not say or comment againt any justice of Bangladesh. This is just discussion sake I am telling.
Reverse discussion :- If this accident is due to Late Farzana's fault, then the driver should not be punished. Rather we should charge police deptt.
How do you lease a car with bed credit?
There are many people who want to own a car but unable to do that because of poor credit so they started taking cars on hire basis, even you can do that, a lot of car rental companies offer short term car lease for bad credit people, with reasonable prices.
Can i claim bankruptcy on my car loan if I'm not behind on payments?
Bankruptcy is not claimed on individual loans, a bankruptcy involves all your debt. The fact that you are current on your car loan may make it easier for you to negotiate with the lender for the continued ability to pay for your car but it doesn't mean that you get to have it for free. The same is true of a home loan.
What legal action does the cobuyer have if the buyer doesnt pay the payments for the car loan?
Don't know of any state that allows a co-buyer. There might be. For this purpose, let's use co-signer. What legal action does the co-signer have if the buyer doesn't make the car payments? In reality, the co-signer signed as a guarantee that the payment would be made and on time on the specified date. The buyer is the one buying. That's 2 different operations. The co-signer, at last known fact, cannot take the car because he is not buying it. He's paying THE LOAN since (and we're assuming here) the buyer is not paying. In my experience, if the buyer wants to be a horse patootie, he can drive that car with a smile on his face and not make payments because the co-signer IS OBLIGATED TO MAKE THE PAYMENTS. If the co-signer does not make the payments, then HIS CREDIT IS RUINED! Never co-sign, if at all possible.
What is Florida's vehicle impact fee?
Every citizen who purchases a vehicle for the first time will have to pay the initial
registration fee of $225 in order to secure a registration and license plate. If a vehicle
owner acquires an additional vehicle, the owner will have to pay the $225 fee for each
additional vehicle they acquire where there is no license plate to transfer. Essentially,
based on the above example, vehicle owners in Florida who purchase a vehicle without
having a license plate to transfer will pay approximately $378.10 for the first time.
Thereafter, it will cost an average of $71.85 per year to renew their vehicle registrations.
In this current economic climate the increase in vehicle registration fees will have an
adverse impact on many purchasers' ability to buy vehicles. Specifically, this will
adversely impact low income car shoppers.
What happens if you hide your car so it cant be repoed?
As a Constable and repo agent the quick answer is simple: If you hide the collateral from a creditor you will find yourself in court as the creditor seeks an order of replevin. It is basically an order from the court forcing you to turn over the pledged collateral or face a charge of contempt. If You refuse and the judge finds you in contempt you can ( and should) find yourself in jail.
Why does the car vibrate when the car is cold?
Parts tend to loosen up in the car, and like anything else when cruising at fast speeds it intensifies the motion, hence the vibration.
Can you renew the car tags on car loan in default?
No, finance company holds vehicle title and are mailed renewal forms for tags. Renewal fee is calculated into monthly payments and registration is paid for and sent if loan is up to date. Unless car loan was signature/personal credit type, then you renew registration yourself, finance company option is to reposses vehicle from you in first senario, ruined credit forever in second one.
Wages Payable
Payable accounts holds amount owned but not yet paid.
Can you get arrested for making a stop payment on a check in the state of Texas?
It Depends:
Yes - If you gave the check to someone to who you owned some money and need to pay that person for the service he provided you. Since a stop payment results in no-payment the person who got the check can get you arrested
No - If the check was lost or stolen. You can always issue a stop payment to ensure that even if the check is misused by anyone to whom you did not intend to give it, the bank won't pay the check.
Yes. They took the time to make it so of course it can be trusted.
Can a car be repossessed due to cancelled insurance in South Carolina?
You would have to read the specifics of your financing contract. Generally you are required to maintain liability and comprehensive insurance coverage, and if you fail to do so then you are in default on the contract. Sometimes the contract allows the lender to immediately force you to buy their insurance at an outrageous price. Once you are in default, the lender may repo the car.
Why Is Police Written Backwards On The Car Bonnet?
So you can see the word the right way round in your mirrors.
Can you have a repo man arrested for coming on your property after being asked to leave?
no you cannot have a repoman arrested on your property, as long as all his paperwork is in order for taking the vehicle.
however "," the repoman cannot cut any locks(fence lock), etc. But if its not locked they can open it and take the vehicle they have paper work on.
***unless the repossession agent has an order from a judge, you can ask them to leave your property. If they refuse, you can call your local police station, and have them escorted off of your property. If they then refuse with police, they can and will be arrested.* * *
Where are the best repo car auctions?
On-line Repo Car Auctions
1. Research. Do your homework within the auto which you would like to bid on.
2. Have your finances in purchase. Use this info to establish a shelling out limit.
3. Set your cost and stick to it.
Discovering a car or truck on the internet may perhaps be daunting should you be not certain wherever to begin.
A number of uncomplicated actions will support you've got success. With the correct prep, even a novice can location a bid like a pro.
On the net sales including federal government car auctions may possibly be enjoyable and fix your automobile needs in the event you follow the correct actions.
You don't have to be overwhelmed or intimidated by on-line repo car government or police auctions.
Utilizing a tiny time and effort in your component, you possibly can have an pleasurable and gratifying expertise and remedy your automobile desires.
