Can they repossess my new car after a previous repossession two years ago? - what to do to repossess an atv
I bought a car in 2005 and had returned voluntarily in 2006 after a divorce and unemployed. I've heard through the grapevine, if not clearly settled at the first, that if I bought another vehicle, you may be taking my new car to pay his debt on my credit card at any time. Is that true? Rhode Iceland established.
Thursday, January 28, 2010
What To Do To Repossess An Atv Can They Repossess My New Car After A Previous Repossession Two Years Ago?
8 comments:
Absolutely not true. They had a contract to raise money for the first car (a loan), who said that if he pays all his money with interest, the lender will loan you repay a clear title to your car. Non-action under the agreement, they are entitled to recover the vehicle and sue for the unpaid balance remaining after it is sold. If you have not received your money, you can file a lien against you, which means in all likelihood, you can not buy property (land) for a specified period.
You have no right to possession, you have to have subsequently acquired money or a car. Your current car does not belong to you (until you repay the loan), so that "the vine" from the first lender proposes to take goods from the second lender to meet its debts.
Good idea to pay, cash from now - let compound interest work for themselves and not against you!
Absolutely not true. They had a contract to raise money for the first car (a loan), who said that if he pays all his money with interest, the lender will loan you repay a clear title to your car. Non-action under the agreement, they are entitled to recover the vehicle and sue for the unpaid balance remaining after it is sold. If you have not received your money, you can file a lien against you, which means in all likelihood, you can not buy property (land) for a specified period.
You have no right to possession, you have to have subsequently acquired money or a car. Your current car does not belong to you (until you repay the loan), so that "the vine" from the first lender proposes to take goods from the second lender to meet its debts.
Good idea to pay, cash from now - let compound interest work for themselves and not against you!
This is a general answer, the law of Rhode Iceland may be different. When the guard volunteers, you probably will not be affected; the old debt. You can also signed a confession of the sentence. It is a document that has the same effect as if they were sued by the bank first and won a case against him. If you do not sign a confession of the sentence, the bank can not sue or be able to the company - it depends on the age of the debt if your last payment and the limitation period (10 years in a contract in my state - Louisiana.)
If the creditor a phrase that can be run on it. This can be done by garnishing your wages, or in some places, for the seizure of property you own. This could include motor vehicles, unless specifically exempted by state law. Whether one likes it or not do depends on several factors - the question of money can be reduced if she has enough, the seizure and sale of cars clearly worthwhile, their time and effort.
The best (and morally right thing to do is)pay the debt.
Hope this helps.
No! I had several voluntary repurchase, which is nothing in his past other than the cause most likely that interest rates higher, as a bank can come up with a car in front of another bank to have an owner? I was in court when the owner of the vehicle, not the bank, it seems that a loan can have on your current car? Is not in any case, in these circumstances, true, now these loans in their credit report as a charge from debt collection agencies to harass etc.but may still want to, but I only bought a new car Summit of April, but no bank can not to come to his past, not about me
No, it's really true!
Keep paying your car.
However, the previous creditor can file a complaint against your social security number, you should follow responsible for the required time or until the state for the prescription.
Laws from state to state. It is best, to the Bar Association of Rhode Iceland speak and ask for a lawyer specializing in laws related to personal finance and bankruptcy law issues to speak.
It can not be a new car, if they do not.
Who? Surely you do not borrow again from the same bank.
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