Not exact matches
If you are concerned about losing your car to repo man, a credit card balance transfer can protect your
vehicle from repossession.
When debts are too much for you to handle, you may decide to consider voluntary
repossession of your
vehicle before it is forcibly taken away
from you.
A breach of peace also may give you a legal defense if your creditor sues you to collect a «deficiency judgment» — that is, the difference between what you owe on the contract (plus
repossession and sale expenses) and what your creditor gets
from the resale of your
vehicle.
A
vehicle repossession will be removed
from your credit report 7 years
from the delinquency date of the original auto loan.
Pawn lenders make a lot of profit
from the
repossession of
vehicles.
By the time the default
from a
repossession is reported to the credit bureaus, your creditor has likely already taken possession of the
vehicle and may even have sold it.
This also saves you, the borrower,
from spending on extra expenses such as the creditor hiring a bailiff for the
repossession of a
vehicle.
- Posted
repossessions, arranged the transporting of
vehicles from repossessions agents to auction sites.