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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
Where are motorcycle repossession auctions?
all over the U.S but there are some happening in michigan, cedar Right now.
How do I Calculate interest for a late payment on a simple interest loan?
You would multiply the rate of interest by the amount owed by the amount of time the payment is late. For example if you have a payment due of 100 dollars and it is 6 months over due at an interest rate of 5% annually you would first calcuate what is the monthly interest rate by doing .05/12 which would be .00417. Then you would multiply the amount owed (100) by the monthly interest (.00417) by the number of months (6). 100x.00417x6= 2.502 Therefore you would now owe $2.50 of interest plus the original amount due 100= $102.50.
Carly is a dark signer. You just have to keep watching Yu-Gi-Oh 5d's.
They must obtain a judgement against you first, you may want to check to see if they have one. It is possible to obtain one if they have been unsuccessful in serving you.
What do cars let out when they drive the car?
Hydrocarbons, Nitrogen Oxides, Carbon Dioxide, Carbon Monoxide and water!
How pinjaman personal loan bank muamalat macam mana?
hi ....sy.apa pinjam pun tiada .... Saya sudah membuka syarikat empat belas tahun ..... bolehHelpme membantu personal loan 30% kopi 0147107105
What can a repo man do if they dont get paid by creditor?
The only recourse (legally) would be to file suit against the creditor, seeking payment.
after paying the auto loan to cover the car and more. What's left is the interest rate the lender adds on at the end of a loan, if you become delinquent in paying on the interest added, can the care get repo'd?
What car that can be flat towed?
To the best of my knowledge most 2 wheel rear drive cars and trucks can be towed without damaging the transmission (if by your question you mean "flat towed" as meaning towed behind a tow truck on it's rear wheels). Most, if not all, 4 wheel drive cars need to be towed ( carried up on) a flat bed truck. Having a flat bed truck carry a 4 wheel drive car will prevent damage to the transmission.
Can a car from a separate loan be repossessed if you default on another car loan?
Not as such. The bank can assess your property and sue you for the amount left over after the sale of your repossed automobile.
If you owe less than the car is worth(in the case of the non repo'd car) the court can force you to sell it and surrender the equity from the sale.
If that car is your only car left, some states will consider this primary transportation, and not allow it, however.
After that point, you must negotiate with the bank as to how much to pay to get the vehicle back.
The bank retains the choice to simply sell the car, and sue you for the difference if you owe more than the car is sold for.
Can i deal with collection agency to pay just the original balance?
yes. or you can settle for less but remember to work out a pay for delete. be sure to get the arrangement in writing.
Can money be paid to a borrower after foreclosure sale?
Yes, if there is enough in proceeds to pay off all of the liens on the home, any remaining funds are paid to the borrower.
Liens are paid off in the following order:
- Local real estate taxes.
- The first mortgage.
- All other mortgages and liens paid in order of when they were first recorded.
Any funds after these are paid will go to the borrowers. Unfortunately, this is usually not the case, as most sheriff sales do not generate enough money to pay off even the real estate taxes and first mortgage in full.
They don't repossess cars that are paid off. So your best bet is to call them and see if they want to deal with you. Usually, if they've gone to the trouble to repossess it, they won't deal with you.
Can you get your stuff out of a vehicle that has been impounded?
Depends. If it's held by a third party company, you may be able to collect personal items out of the vehicle - for a fee. You need to contact the department which had your vehicle impounded to find out precisely what can be done for you.
There is a good overview on REPO-LAWS
Just search the way I typed it.
If I Default on a car loan and hide the car?
if you hide the car and they can't find it, they want do any thing but look for the car consistance for about 60 days and stop for about six months, and start looking for the car again ...in about after nine months most car company stop looking for the car...and will but this on your credit report...if you keep the insurance up on the car they probably will stop looking...and write it off.
Can you legally hide a vehicle from a joint owner?
No. A joint owner has every right to the vehicle, just as much as you do. That includes knowing where it is, and having access to and usage of it.
no you should be fine with the 75%
Edu is garnishing wages can they offset fed return with out notice?
Yes, any garnishment for federal student loans has the ability to take your income tax refund checks without any notice, since such ability is prescribed by law or regulation.
You borrowed 9000 to buy a new car you paid 1800 backwhat percent is paid off?
Randy borrowed $9000 to buy a new car. So far he has paid $1800 of his loan back. What percent of the loan is paid off?
Wrong. If the lessee sells equipment to someone else that does not belong to him then it becomes stolen equipment. Then the buyer is in possession of stolen equipment. If the buyer knows or should know that the equipment is stolen, he is committing a felony. It is punishable by time in prison. The material is returned to the original owner.
