Q&A: My car is now being saught for repossession…Can I stop this?

Question by princess_daniyell: My car is now being saught for repossession…Can I stop this?
Im 20, stupid and definatley learning this lesson the hard way. I am about 3 months late on my car payment, and in fear of the creditors, I have been avoiding their calls. I talked to them today and i found out that my car is up for repo. I just got a job and get paid in 2 weeks. She made it seem like, at this point, there is nothing that can be done, but pay the amount due in full today! however, I moved out of state(not to hide the car) just to live with my family, until i am back on my feet and because of my new job i found. What will happen? will they find me fast? because maybe if it takes less than 2 weeks, I can just pay my debt?? oh man, i hope someone has some words of wisdome. please dont be cruel, i am well aware that this is my fault and that there are several things i could have done to avoid this…just looking for some advice going forth. thank you

Best answer:

Answer by emiller1998
Obviously the ideal situation would be to pay your back payments completely. Since that doesn’t seem to be an option at least for a few weeks you can offer to pay part of it now and the rest in 2 weeks. Try to work out a deal somewhere in the middle between paying it all now and paying nothing.

Neither of you want want to repo the car. It wrecks your credit. It leaves them with a car that they have to find, tow, store, then sell in a market which most people cant afford to buy a car.

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I Want to Sell My House Fast to Avoid Repossession is This Possible? Yes All You Need to Do.

I Want to Sell My House Fast to Avoid Repossession is This Possible? Yes All You Need to Do.

If you are one of the thousands of unfortunate people in the UK that have been hit by the credit crunch and and falling property prices and are now facing the possibility of loosing your home you will be happy to be told that there are solutions emerging the financial market place that can help you avoid repossessions and allow you to stay in your home.

With the raise of interest rates in the UK, repossession is real problem being faced by individuals and family’s all over the country. During the hay days of the mortgage market lenders were more than happy to lend what ever you may have asked for, in some cases extrapolating up to 9 times someone’s annual income with out to much insight into the potential problems that have occurred in recent times.

In order to address the repossession problem there are many small company’s setting up back by investors and funders who are able to offer you an on the spot quote at a percentage of the market value of your property and allow you sell quickly to avoid the repo man you also have the option to be able to stay in your property as a tenant, it is not unusual for these company’s to offer a buy out option which enables you to buy back the property later on if your financial situation improves.

You will find your lender more than willing to co-operate on such deals as it mean that they get all their money back in full which prevents them from having to go thought he expensive and time consuming process to eviction and repossession as well as chasing you for all the debts that were not cleared when the property was sold undervalue at auction.

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Everyone’s circumstances are unique, in order to make the best decision it always pays to seek expert advice.


If you would like FREE No Obligation advice about how you could Stop Repossession from happening then please visit our website and spare 2 minutes with our quick online form and one of our friendly advisers will be able assess and help you make the right decision.


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can you help me edit this paragraph please! check grammar too.?

Question by humtum1234: can you help me edit this paragraph please! check grammar too.?
Bankruptcy is a legal proceeding in which people who cannot pay their bills can get a fresh financial start. Federal Law provides the right to file for bankruptcy and all the bankruptcy cases are handled in federal court. Filing bankruptcy immediately stops all of your creditors from seeking to collect debts from you, at least until your debts are sorted out according to the law. There are many effects on you once you filed the bankruptcy. Such as, eliminating the legal obligations to pay all of your debts, it stops foreclosure on your house, prevent repossession of a car, and restore or prevent termination of utility service. There are different types of bankruptcy that one can file; Chapter 7 (Straight Bankruptcy), Chapter 11 (reorganization), Chapter 12 (reserved for family farmers) and Chapter 13 (Adjustment of Debts). The most common bankruptcy case is filed under chapter 7.

Best answer:

Answer by Jeremy H
It is all ok.

Know better? Leave your own answer in the comments!

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Quick House Sale and You Are Looking For One? Check This 0ut

Quick House Sale and You Are Looking For One? Check This 0ut

Life’s sail is never a smooth one. The more the ups and the downs, moving in and moving out become dominant. Be it relationship or your sweet home. However, there might be several reasons as to why you need a quick house sale at UK, from divorce, new job, ill health, bereavement to cash-strap situation. Just putting up a board saying ‘buy my house fast’ will not fetch you the best deal, at least in these times.

Yes, quick property sale UK is a complex process. There might be options of a complete outright quick house sale in a cash-strap situation or in a situation when you are moving out to a new company in a new place. There are certain cases of changing jobs, where quick house sale becomes possible as the company often buys back the house from you. The company as a cash house buyer might not give you the best price but you are happy as it frees you from the hassle of looking for another buyer or putting up the house for sale with the estate agents. So check out on the company agreement with you.

However, in cases of divorce, it is better that you take a recourse to companies that offer services on buy and rent back option of houses. Not only that these companies provide with a quick option of searching the right cash house buyer but also makes it convenient by saving your time. With such specialist companies in UK, all you need to do is fill up a simple online form, leaving few details and you can then select a deal offered by them. Thus apart from coping with strained relation you need not bother and get the headache of selling the house and you still get the cash you’ve needed. Additionally, you can wish to keep it as a confidential sale requesting that to the companies dealing with buy and rent back houses.

Third, if you yourself want to hunt for the best deal with a simple listing like ‘buy my house fast’ you need to take certain steps. First off, get thorough information on the valuation of the quick property sale UK. Then, set your rational expectation of price accordingly. Acquire some information on the quick house sale deals within your neighborhood and put up an advertisement in the local dailies or hire the services of the estate agents. Additionally you can browse the internet and get some detailed information on reputable fast cash house buyers and go ahead to clinch the best deal.

But, the word of caution is never throwing away the house under distress; you might lose on in the longer run. If you feel you are not getting the right price for your house on sale, try the renting out option but never lose on to your equity. Prior to contemplating on the idea of sell property fast it is advised to check with a licensed cash property buyer UK and get your all your doubts regarding property selling in London clarified.

Here I must admit to check for a licensed cash property buyer UK before you go for property sell. This will help to clarify all necessary procedures to sell property fast with safety measures.

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How does this work if one bank starts a foreclosure then sells to another bank before foreclosure is complete?

I have a mortgage with one bank and could not pay so the bank started foreclosure proceedings. The foreclosure is not completed yet so does the new bank have to start all over and file all over again?

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