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just exactly what do you mean by terms is this present or past tense are we talking about conditions leading to repo. or are we discussing what it takes to get in this position ok here are a few ideas if we are talking obout what leads to a repo. that could be varied usually outlined in each individual contract.now if we are talking about how one goes about doing a repo that also varies depending on area and lending institution,and type of collection agency.It would help greatly if the question was more specific.I have never heard of anyone refer to terms I would have to believe that there suggestig to the process due to get in such a position and that is outlined in each individual contract and should be but most usually isn't made known to the debtor at the time of the commencement of the loan,its in the fine print the road/section least traveled/discussed by the salesman at the time the property is purchased.However it is a general rule that usually goes with out saying that if you miss one or more payments you breached the contract and defaulted on loan there for starting the due process that leads up to the repossession of said property I hope this is what the question was referring too.
What else can I help you with?
What is an acronym for the terms used when two binomials are multiplied?
FOIL. First terms Outer terms Inner terms Last terms
How many terms are there in syllogism?
three terms three terms
How many terms does the product of the sum and difference of two terms have?
7 terms
In order for terms to be like terms they must have?
"Like terms" are terms whose variables (and their exponents such as the 2 in x2) are the same. In other words, terms that are "like" each other.
What does a commutative property have to do with combining like terms?
When you have an expression consisting of several terms added together, and they are not all like terms, and there are like terms separated by unlike terms, you use the commutative law of addition to rearrange the terms so that the like terms are next to each other.
What are the FHA auto repossession guidelines?
The FHA does not have specific guidelines for auto repossession. Auto repossession is typically governed by state laws and the terms of the loan agreement between the borrower and the lender. It is important to review the terms of the loan agreement and consult with legal counsel if facing auto repossession.
How many days past due on an account does a person have to be before repossession can be?
Repossession laws vary by state and the terms of individual contracts, but typically, a person may be subject to repossession after being 30 to 90 days past due on their account. It's essential to review the specific terms outlined in the loan or lease agreement, as these documents often specify the conditions under which repossession can occur. Additionally, lenders usually send notices or warnings before proceeding with repossession.
Can auto repossession be negotiated?
The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.
Do westlake financial charge a repossession fee?
Yes, Westlake Financial typically charges a repossession fee if a vehicle is repossessed due to default on a loan. The specific amount can vary based on the terms of the loan agreement. It's important to review your contract or contact Westlake Financial directly for detailed information regarding any fees associated with repossession.
How many days to pay before repossession sold?
They will have sent you a letter stating the terms. You can also look at the original loan agreement you signed.
How long does Louisiana auto repossession take?
That depends on the terms put forth by the lending institution - they're the ones who repossesses your car, not the state.
Does a voluntary repossession affect credit the same way as a reposession?
Yes, there is no difference. A repossession is a repossession.
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
Does a creditor have to give some kind of notice in Oregon when your car is up for repossession?
No. The contract you signed when you financed the car gave you the terms and conditions which had to be met in order for you to retain your vehicle - that's your notice, right there. Creditors and repossession agents tend not to give notice, largely because debtors have been known to try to hide vehicles or evade repossession by other methods.
What is repossession insurance?
Wrongful repossession insurance??? Coverage for when the Repossession Agency wrongfully recovers an asset for a myriad of reasons.
What can you do about a repossession if you only owed 717 dollars and you were never contacted about the repossession?
Pay the money. You don't have to be contacted about the repossession; you are aware of the terms of your loan in your contract. If you're behind, pay what you owe so you can get the vehicle back. * The amount owed is not relevant. The following states require "right to cure" notification before repossession action can be taken: Colorado, Connecticut, Iowa, Louisiana, Maine, Massachuetts, Missouri, South Carolina and West Virginia and Wisconsin (replevin order required).
