Repossession

Yes

ok well first when you put it under your car and use it then you just turn it a round and make sure that it is all the way lifted down!!!!!!!!

If the lender decides to sue the borrower and wins a judgment, the judgment can be executed as a wage garnishment

That would be the Ford F-Series Pickup

• All parties dealing with an LC are dealing only with documents not with goods & services.
• it is exporter's duty to ship the goods as per the LC and submit the documents within the stipulated time for negotiation.

you can't hide ur car car forever and you could go to jail. --added -- Several things might happen. You should check with a lawyer for the particular legal steps in your state, but here are some of the possibilities, assuming it's my car for brevity: The finance company will sue me. I will receive a notice of the suit and may have to appear in court if I can't settle the case otherwise. Ignoring the summons can result in an arrest warrant for contempt of court. Since there is a lien on the title, I won't be able to sell the car, and won't be able to renew the registration. That will result in my insurance being cancelled or invalidated. At this point, if I get pulled over by the police, my car will probably be impounded, at which time the finance company will probably get the car. At the very least, I would face several hundreds of dollars in fines. In some states, I can be treated as if I was driving a stolen car!! While being behind on my car payments will have already wrecked my credit, I would think that refusing to return the car under the terms of the loan would do further damage to my ability to get a future car loan. It would be so much easier for me to give the car back, get a bike or ride the bus until I can save up the money to pay cash for a car. There are reasonably reliable cars available in the $2000 range, perhaps less if I look hard. That's just a few months of most car payments, and I don't have to pay for full-coverage insurance, saving me even more. If I then "pretend" I have a car payment, made payable to my savings account, I can pay cash for a new car every few years!

iii

no

bought car with girlfriend they titled car in her name i didnt know this she found out car titled in her name only she took car

cost of damage, time and effort and how effective it would be.

Apparent cash increases. Net worth goes down. You have more cash because you have borrowed money. Your net worth will go down due to interest.

Debt free is the way to be unless you have money making reasons for that loan.

GAAP: I try to remember to state that my answers are based on the U.S.A. GAAP and Double-Entry Accounting.

If you have an increase in both CASH (asset) and Liabilities, it's as stated above, more than likely due to a "loan" of some sort. For example a bank loan will increase your cash while at the same time increasing your "account or note payable" liability. However, there could be other possibilities.

1. You received Cash in advance for a service or product. Let's say you are a house painter and your customer has paid you a deposit of $1500 to paint their house, this is listed as "Unearned Revenue" which, until it is "earned" (i.e. the job is complete) it is listed as a liability. The reason Unearned Revenue is listed as a liability is simply due to the fact that until the job (or if it is even a product you are supplying) is complete, your company is at an obligation to provide the service or product, if for any reason they can not, then the company must "pay" the amount back to the customer. Once the service or product is provided a journal entry is made, debiting Unearned Revenue and crediting Revenue.

It bleeds and takes longer to heal leaving a worse scar.

TORT

The judgment would of come through the court system. You would need to contact the court to know who to pay.

You can dispute the listing to the credit bureaus, but that doesn't mean it will be removed. They have 30 days to verify the listing and if it isn't verified it must be removed.

FTC Law States that the vehicle must be held for 15 days. But that is subjected to state laws and as you know are always subject to change. If you have cured the issue with the creditor you may get it back as early as same day or next day. Also worth noting is that according to FTC the vehicle must be sold between 16 Days and 6 months after repossession and the creditor must inform you of the time and place of auction or sale. But these are also subject to change at anytime and subject to individual state laws and statutes

haha

The debt is simply deducted from the bank's assets. The bank sets its own interest rates for lenders, and any debts they write off is balanced by an increase in the interest rate.

Barry Moon from Sugar Hill Ga. who attended North Gwinnett High School while working in Mobile, Alabama found and returned $46,000.00 in October, 1996

''Doing a payment'' is to express completing a payment. '' payment is done '' means it has been completed.

an agreed contract is when one person writes up a contract and ask the other person to agree to the contract and they will gain whatever the contract offers e.g Mobile phone contract you will gain a certain number of minutes or unlimited text. if the person who signs the contract breaks the deal they will lose whatever was on offer.

If you are located in Toronto, Canada, here are few google results for bad credit car loan providers.

1. Auto Credit Financial - http://www.autocreditfinancial.ca

2. Ontario Credit Solutions - http://www.ontariocreditsolutions.com

3. Whitby Motors - http://www.whitbymotors.com

Good luck

yes, unfortunately, you do. The exception is that you will eventually have a warrant out for you. Jail time is the other option.

this site will answer your queries on credit problems www.failuretopaycreditcard.blogpsot.com

You can (so they say) but they make it extremely hard! The finance co. has to work with your insurance company to verify that your insurance and tags are up to date and they take their sweet time about it, so that by the time they state it's OK to get your car back you have racked up more fee's, which by the way is extremely hard to deal with since you're obviously in a financial bind since you lost the car at this point. They then want 12 references to put a last bug in case you are late again. Needless to say. I chalked it up to, "I guess God is telling me to I can't afford this $450.00 payment" at this point in my life and to get a used car to get me from point A to B.

It will be reported stolen. Remember, the car does not belong to you - it belongs to the lienholder, and the repossession agents are coming to claim the lienholder's property back. You no longer have any legal right to it.

In most instances the repo agent will make a few attempts to locate the vehicle. If that does not happen the lender will go to court to obtain a replevin order. Once the order has been issued the buyer/debtor must relinquish the vehicle or face criminal charges.

The vehicle cannot be reported stolen by the repossession agent or the lender unless they have evidence that such a crime was actually committed. For them to do so due the location of the vehicle was unknown would constitute filing a false police report.