Know Your Car Repossession Rights

Know Your Car Repossession Rights Know Your Car Repossession Rights Know Your Car Repossession Rights Worried youre getting behind on your car payments? Learn more about your repossession rights today before its too late.Getting behind on your car loan is bad for both your credit score and  for the car itself. Since the vehicle is serving as collateral, falling behind on your payments means that the car can get repossessed. While defaulting on a personal loan or even certain kinds of bad credit loans will hurt your credit score, defaulting on a car loan will hurt your everyday life.And while we have quite a few articles explaining how you can improve your credit score, we haven’t spent as much time telling you how you should handle the threat of repossession. Until now.Repossession occurs when you can’t pay back a loan that you used collateral to acquire. Technically, the term can refer to any kind of loan, but it is almost always used to refer to auto loans. That’s why you need to know your rights and the steps you can take when facing reposse ssion.Look back at that contract.Before you take action, it’s important to make sure you know exactly what you’re up against. That’s why you need to go back to where this all began: the contract. At least, that’s what Justin Lovely (@myrtleinjurylaw), an attorney in Myrtle Beach, told us. His experience comes from representing creditors in repossession cases, but he gave us his perspective on what someone facing repossession from the other side should do.“First, a consumer needs to look to his contract and read what they signed,” Lovely explained. It may seem obvious, but it’ll allow you to see what options you have. Although it may be too late now, it’s also important to make sure that any updates you might make to the contract are put down in writing.As the Federal Trade Commission’s website states: “if your creditor agrees to change your payment date, the terms of your original contract may not apply any longer. If your creditor agrees to such a change, make s ure you have it in writing. Oral agreements are difficult to prove.”So make sure you have everything down in writing, and check that writing when the specter of repossession comes up.Let’s make a deal.Even if there isn’t anything in the contract you signed that seems like it can help you, that doesn’t mean all hope is lost. You can still work something out with the lender, and odds are they would prefer that route.“In my jurisdiction, the debtor gets a right to cure [pay the debt before the default occurs],” said Lovely. “When clients send me a repossession file, we send a right to cure notice to the consumer/debtor.  Consumers need to understand that companies dont want to repossess the item in question, they always prefer to work out a payment arrangement. Often the arrangement may be better than the current situation he or she is in now.”The FTC also suggests trying to work out a deal before your car (or house or other collateral) is seized: “It’s easier to t ry to prevent a vehicle repossession from taking place than to dispute it after the fact. Contact your creditor as soon as you realize you will be late with a payment. Many creditors work with consumers they believe will be able to pay soon, even if slightly late. You may be able to negotiate a delay in your payment or a revised schedule of payments. If you can reach an agreement to change your original contract, get it in writing to avoid questions later.”If you’re not in a state with a right to cure, however, the FTC warns that your lender may not be willing to compromise: “However, your creditor or lessor may refuse to accept late payments or make other changes in your contract â€" and may demand that you return the car. If you agree to a ‘voluntary repossession,’ you may reduce your creditor’s expenses, which you would be responsible for paying. But even if you return the car voluntarily, you still are responsible for paying any deficiency on your contract, and your creditor still may enter the late payments or repossession on your credit report.”You’ll have to deal with it.As great as it would be to just ignore the looming threat of repossession, that’s a very bad idea. You can close your eyes and hope it all goes away, but realistically, the only thing that’ll be going away is whatever is being repossessed.“Debtors stay silent and dont call and just let the court date come without showing up,” Lovely warned. “Then it is out of our hands and the Sheriff picks up the collateral. If you are facing difficult financial times and miss payments resulting in a default in your contract, the best thing to do is simply be honest and try to negotiate before the file gets to a lawyer like myself.”But don’t forget your rights.Though it will likely benefit you to go out of your way to try and make a deal with your lender, it’s important that you remember your rights so you aren’t taken advantage of. Those rights will vary by state, so you’ll need to look up your specific situation, but here are a few possibilities the FTC outlines:“Should there be a breach of the peace in seizing your car, your creditor may be required to pay a penalty or to compensate you if any harm is done to you or your property. A breach of peace also may give you a legal defense if your creditor sues you to collect a ‘deficiency judgment’ â€" 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.“Once your vehicle has been repossessed, your creditor may decide to either keep it as compensation for your debt or resell it in a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if the car will be sold at public auction, state law may require that the creditor tell you the time and place of the sale so that you can attend and participate in the bidding. If the vehicle w ill be sold privately, you may have a right to know the date of the sale.“Some states have consumer protection laws that allow you to ‘reinstate’ your loan. This means you can reclaim your car by paying the amount you are behind on your loan, together with your creditor’s repossession expenses. Of course, if you reclaim your car, your future payments must be made on time, and you must meet the terms of your reinstated contract to avoid another repossession.Any resale of a repossessed vehicle must be conducted in a ‘commercially reasonable manner.’ Your creditor doesn’t have to get the highest possible price for the vehicle â€" or even a good price. But a resale price that is below fair market value may indicate that the sale was not commercially reasonable. ‘Commercially reasonable’ may depend on the standard sales practices in your area. A creditor’s failure to resell your car in a commercially reasonable manner may give you a claim against that creditor for dam ages or a defense against a deficiency judgment.“Regardless of the method used to dispose of a repossessed car, a creditor may not keep or sell any personal property found inside. In some states, your creditor must tell you what personal items were found in your car and how you can retrieve them. Your creditor also may be required to use reasonable care to prevent anyone else from removing your property from the car. If your creditor can’t account for articles left in your vehicle, you may want to speak to an attorney about your right to compensation.”In the endFacing repossession is never going to be fun.While we cant promise some kind of magic cure-all for having your car repossessed, we can tell you this: If you face repossession head-on, remember your rights, and deal with the issue as soon as possible, you can make it as painless as possible. And if your lender doesnt follow the rules, you might even stand a chance at getting your car back.Have you ever successfully chall enged the repossession of your vehicle? We want to hear about it! You can  email us  or you can find us on  Facebook  and  Twitter.Visit OppLoans on  YouTube  |  Facebook  |  Twitter  |  LinkedINContributorsMr. Justin Lovely (@myrtleinjurylaw) is admitted to practice in all South Carolina Courts and the U.S. District Court for the District of South Carolina.  Mr. Lovely is a Certified Guardian ad Litem in South Carolina for Family Law Cases.  Mr. Lovely is also a member of the South Carolina Association for Justice, the State’s Trial Lawyers Association. More bio information can be found on his firm’s website.

Persuasive Essay On Teen Pregnancy - 1634 Words

Although the teen pregnancy rate has declined some, it remains a major problem in the state of Arkansas. It is a social problem that is affecting all communities in some Arkansas cities. With Arkansas topping the charts with a high rate of teenage pregnancy, something needs to be done. There are not enough prevention programs in the state to help these young women. Out of all the young teens that have become pregnant, they usually had no want to become mothers. Arkansas should have more sex education programs for teenagers because it will curb teenage pregnancy by providing teenagers with the information and guidance they need to know about sex. According to the Arkansas Center for Health Improvement (2016), â€Å"In Arkansas, the teen†¦show more content†¦The lack of knowledge about sex first starts with the teen’s parents. Most parents are afraid or too busy to talk to their teens about sex because they feel that talking about sex will make the child want to have sex. With this mindset, it leaves teens to get the wrong information about sex from videos, movies, and friends, which could cause the teen to become pregnant. It is a known fact that besides the fear and time not allowing that some parents do not know what age they should start talking to their children about sex. According to Louanne Weston, Ph.D., parents have always are the question, â€Å"How old should a child be before we start talking about sext?† The answer to that question is â€Å"Younger than you think† stated Louanne Weston, Ph.D. (2006). There is no wrong or right age to start talking to your child about sex, chil dren are curious by nature and parents when asked no matter the age should never avoid a â€Å"teachable moment† when asked a question by a child (Weston 2006). As the child goes older you should have an open door policy with the teenager so that they will be like they can talk to you about anything, including sex. With the high teenage pregnancy rate plaguing Arkansas, the state according to Talk Business Politics has spent â€Å"$143 million annually† to take care of teen mothers (2017). The $143 million price tag includes the cost of healthcare for the teenager, which mostly include the teen receivingShow MoreRelatedPersuasive Essay On Teen Pregnancy1401 Words   |  6 PagesTeen Pregnancy has been a controversial topic long since before the 1960’s. Some may believe it’s a sin against God because you’re pregnant out of wedlock, while others may believe you put yourself in the situation, so now you can deal with the consequences. The decrease in teen pregnancies, causes the belief, that the access to contraceptives is lowering teen pregnancy rates. People and places are trying to lower the rate of teen pregnancy, which include the history, causes, effects, preventionRead MoreThe Effects of Teen Pregnancy1953 Words   |  8 PagesEffects of Teen Pregnancy Tiffany Laubach Kaplan University CM 220-57 Professor Campos February 12, 2012 The Effects of Teen Pregnancy Are Americans effectively discussing the topic of teen pregnancy? â€Å"According to research in 2009 approximately 410,000 births occurred among teens aged 15-19 in the United States of America.† (Razol, Warner, Gavin, Callaghan, Sptiz, Anderson, Barfield, Kahn, 2011,  ¶6) Therefore, the United States of America ranks number one among all other countries and teen pregnancyRead MoreThe Effects Of Teen Pregnancy On Teenage Pregnancy1850 Words   |  8 Pageson preventing teen pregnancy. This paper will attempt to describe the research surrounding sex education, mostly abstinence education and the importance of contraceptive. The discussion surrounding sex education will focus not only on current research findings, but also on the truth of the research that has produced different and often conflicting results. Finally, this essay will discuss programs that focus on the role of boys and their importance in teen pregnancy. Teen pregnancy create many socialRead MoreSchool Uniform Persuasive Essay by Javairia Haq764 Words   |  4 PagesSchool Uniform Persuasive Essay At a school, a child wearing a stained ragged-patched up sweat shirt and old tired pants full of disgusting mud stains, she goes to her locker quietly, suddenly after getting out her books, five older students surround her. The oblivious teachers and distracted staff don’t even bother noticing older pupils ridiculing the young girl’s outfit, teasing and tormenting the juvenile girl about her revolting clothes till she criesRead MoreAgainst The Legalization Of Drugs1671 Words   |  7 Pages James Q. 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The typical household television set is on for seven hours of the day, and children and teens spend about the same amount of time with new media (Bergsma, 2008). Internet access at home means that there are more ways to spend time with computerized mediated communication. The new media is not only emerging, but converging as telephones becomeRead MoreFeminine Mystique12173 Words   |  49 PagesSupplemental Reading for US History 2 From Rosie to Lucy Questions students must answer in a 500-word (minimum) essay: 1) Describe the post-WWII frustrations felt by women such as Betty Friedan. 2) During the era of â€Å"Rosie the Riveter†, what gains did women make in the workforce? How did these women feel about themselves and their contributions? What did society as a whole think? 3) What role did mass media play during the 1950s and 1960s in regard to supporting or undermining theRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesalmost any worker to put forth more effort. 26. a. In the long run, people can improve this country’s economic strength through responsible action. b. The economic health of this country is largely beyond the control of individuals. 27. a. I am persuasive when I know I’m right. b. I can persuade most people even when I’m not sure I’m right. 28. a. I tend to plan ahead and generate steps to accomplish the goals that I have set. b. I seldom plan ahead because things generally turn out OK anyway. 29

The New Black Of Music - 1280 Words

Mariam Traore Ms. Cordova Writing 111 – Section 51 7 May 2015 White is the New Black †¦ in Music Vocativ, a media and technology new company, calculated that the 2015 Grammys is the â€Å"whitest† Grammys in 35 years. This data composes of the lack of people of color nominations and winners in the top four categories – best song, best album, best new artist, and best record. This is important due to the recent social media points about cultural appropriation of minority cultures by white artist in pop and hip-hop records. The fear for hip-hop and rap is what happened to past genres that have black roots like, country, rock, and soul music –, which are all now predominantly white. There are hip hop artist like Harlem native female rapper,†¦show more content†¦However I personally distinguish it by artist profiting from another person’s culture it become appropriation. Specifically in Hip Hop, the origins of hip-hop resides in New York City, where mainly black males describe the truths of poverty, gang vi olence, racial profiling, and other personal experience. Obviously, music can change, which it did, where is focuses more on personal expenses, however authenticity and ability to rap is valued. This opens windows for those from other background, which Iggy Azalea comes in. Australian female rapper, Iggy Azalea, is a popular hip hop artist for her song â€Å"Work† and he #1 billboard chart song â€Å"Fancy.† The issue with Azalea’s music is the lack of authenticity. She takes certain aspects of black culture and profits over these assets, when other female rappers of color are constantly berated for the same features. Black female artist receive criticism for deal with their body, sexuality, tone of voice, and beauty. For example, Nicki Minaj and Lil Kim were call out for their sexual album covers and performances. Although Iggy receives criticisms, it is not as harsh as her female counterparts. Azealia Banks, as a black female rapper, believe that the bias towards Azalea, especially during award shows, like the Grammys shows is bad for the community. Banks boldly states during her HOT97 album promotion radio interview: When they give these Grammys out, all it says

Baseball Is A Difficult Sport For Play All Around

Jonah Burks Miss Roth English 1-2 21 March 2017 Baseball Success Baseball is a difficult sport to play all around. Not that all sports are easy but baseball has it’s own unique difficulties. For one the process to get to the major leagues is a long difficult road. A lot of different things can affect your success. There are a few factors that cause a player to make it far in this career. The three different factors that cause baseball players make it to the MLB include, hard work and determination, physical strength and natural skill as well as, making it to and playing well in the minor leagues The first reason baseball players make it to the MLB is hard work and determination. Hard work tops everything else. If a player is not that†¦show more content†¦When athletes play baseball their body needs to be in top physical condition. According to the article on bleacher report.com, â€Å"Last offseason, Bryce Harper would wake up at 4:50 a.m. four times a week and would be lifting weights by 5:30 a.m., according to James Wagner of The Washington Post. The left fielder s workouts would run between 90 minutes and two hours, and there was no time to rest in between sets† (Buscheck n.p.) This article shows just how much strength matters. If Bryce Harper, a major league player thinks that he should be working out and getting stronger, then someone who has not made it to the highest level yet should be working just as hard or harder to become stronger. Players also need to be fast if they want to play in the major leagues. Speed is extremely important when it comes to running the bases or going for a ball in the field. The average times for players in the major leagues, according to this article, for the sixty yard run are: â€Å"6.89 seconds for outfielders, 6.97 seconds for infield, and 7.09 seconds for catchers. Pitchers were not tested.† (Coleman 1). So if a player wanted to make it far, their goal according to their position should be faster than these numbers, because these numbers are averages, and a player should always want to be above average. Even though the pitchers were not tested for their speed, as a pitcher players should try and be at least faster than their catcher. So when players go to work out they shouldShow MoreRelatedDifferences Between Football And Sports1200 Words   |  5 PagesFootball is a sport that is highly regarded all around the globe. The sport has immense popularity where the UEFA Champions League final attracts an estimated of 350 million viewers each year]. Football has had great success globally whe re there is an estimated of 250 million Football players worldwide]. 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Person Who Inspired Me the Most free essay sample

Is their ever been person in your life that had inspired you to do something or Just astonishes you with their achievements? For me there is my teacher Mr. Scott is the most self motivated person I know. No matter what comes in his way, he conquers it, then moves on to the next challenge. Throughout the year Mr. Scott talked about his life, about how he once worked on the family farm for less than minimum wage, to how he had side programming Jogs paying him more than one-hundred dollars an hour. He always preached if you work hard, no m Since the beginning, he worked hard, starting off he work on his family farm 7 days a week more than 12 hours a day, most people now days dont even know what is hard work is, but Mr. Whats here is a motivated man, people at his age are planning to retire, he is planning for new Jobs. We will write a custom essay sample on Person Who Inspired Me the Most or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Scotts influences me to do well like him and have people look up to you. Scott is not any normal man by far, he is a machine, he never stops. After that he went to college and got degree in accounting and computer programming, there are others but he didnt tell us. This is were he inspirers me, well e is well over 50 now and is still going strong, he still has his teaching Jobs at CPC, and Macomb, but he has a new Job, he quit his side programming that was paying his over $100 an hour to a Oakland County marine patrol officer that is probably paying him 15$ an hour. matter what you do, you will succeed on doing it. Scott had accomplish many obstacles in his life and hasnt thought about quitting yet. After college he got an teaching Job, well I shouldnt say a teaching Job, he got three teaching Jobs, one as a math teach at sterling, then a programming tea

Compare and Contrast Job Analysis and Competency Models

buy custom Internal Control Systems essay

buy custom Internal Control Systems essay Scenario E4-5 One of the weaknesses at Idaho Company is lack of establishment of responsibilities. Both the purchasing agent and the treasurer are authorized to issue checks. This is a weakness because; the roles of a purchasing agent should be different from the roles of a treasurer. A good cash control system over cash disbursement should not have different individuals from different departments having the authority of issuing checks. In fact, an individual who has the responsibility of approving purchases should not have the authority to issuing checks. This is because; he/she can easily manipulate the check figure by changing the invoice items or their prices. Another weakness present at Idaho Company is lack of physical control in handling blank checks. Unnumbered and blank checks are kept in unlocked file cabinet. This is risky because any of the employees can access the blank checks, hence increasing the probability of forging checks by the employees. As a recommendation, Idaho Company should consider establishing specific responsibilities to the purchasing agent and the treasurer. Both of them should not have the same authority. For instance, the treasurer should be responsible of signing of the checks, while the purchasing agent should be responsible of approving the invoices before they are sent to the treasurer. Additionally, Idaho Company should consider introducing pre-numbered checks, which should be stored in lockable safes. One individual should handle the key for unlocking the safe. Scenario P4-1A Internal control principles present at Guard Dog Company include establishment of responsibilities, independent internal verification, and physical and mechanical control of assets. To begin with, all employees at Guard Dog Company have been assigned specific responsibilities concerning cash disbursement. The purchasing agent and receiving department supervisor have a responsibility of ensuring invoice items are properly recorded. The responsibility of issuing and signing checks is vested in the treasurer and the assistant treasurer. The responsibility of the accounting department is to record paid invoice. In reference to physical controls, Guard Dog Company has a lockable safe, where blank checks are stored. Only the treasurer and the assistant treasurer know the combination to the safe. The custody of blank checks is also assigned to a specific person, to ensure limited access of the checks by the organizational employees. Guard Dog Company also applies mechanical controls in printing of checks. From the case, it is indicated that the company recently acquired a check writer, which is used to print check numbers and amounts. Usually, a check writer uses indelible ink. This prevents possible alteration of check amounts or numbers by unscrupulous individuals. Use of pre-numbered checks allows easy retrieval of check transactions, since check numbers are recorded on the invoices and in the books of accounts maintained by the accounting department. Moreover, Guard Dog Company applies independent internal verification in cash disbursement. Before a check is prepared, the purchasing and receiving departments verifies and approves the amounts recorded in the invoices. Similarly, before the treasurer or the assistant treasurer signs a check, he/she verifies if the amount recorded on the invoices is consistent with the check amounts. Other principles of internal control present at Guard Dog Company include stamping of invoices. Scenario P4-2A In this scenario, one of the weaknesses observed in the churchs internal accounting control system is lack of physical and mechanical controls. Offerings are made on open plates, which are then carried by volunteer ushers to a basement office in the churchs premises. This is a weakness since the ushers can take some of the money collected from the open plates. Another weakness is that the church lacks establishment of responsibilities. In the scenario, it is indicated that ushers who volunteer to undertake the responsibility for one-month collect offerings. This means that the church does not have a specific person or a group of persons whose responsibility is to collect offering. Moreover, there are no documentation procedures for the churchs collections. The only available documentation is the weekly notation made by the head ushher indicating the amount collected. The church can improve its internal control procedures by adopting the principles of internal control over cash receipts. The church can achieve this is by appointing specific ushers, whose main responsibility will be to collect offerings. Other ushers should be allocated other duties in the church. Therefore, the church should not work with volunteer ushers in collection of offerings. They should be specific and permanent. Instead of having the offerings collected from open plates, the church can introduce lockable safes, which will only allow addition of money either in coins or in notes, but will not allow removal of the money unless when opened. The head usher should also be specific and should be the only person with the keys to the collection safes. After collection of offering, the head usher should lead other ushers to the basement room, where the offering is stored. He/she should access the safes, count the collection, and then combine the money in a different safe. Counting of the offering by the head usher should be done in the presence of the financial secretary. Only the financial secretary should hold the key or the combination of the safe where the total of the weekly offerings are kept. The financial secretary should also bank the takings of the offerings in the presence of one of the members of finance committee. Moreover, the financial secretary should maintain a collection record where the total weekly offerings, cash withheld, and the net amount of the offerings taken to the bank should be recorded. On the other hand, the financial committee should take the responsibility of determining the amount to be withheld from the weekly offerings. They should also take the responsibility of determining how the money withheld should be utilized. This will ensure that the financial secretary is relieved off the duties of emptying, recounting, withholding, and banking the collection. Finally, the church should change its policy of having the church members volunteer in undertaking responsibilities, which involve handling of cash. It would be better if the church hires individuals who have the knowledge of handling and disbursing cash, and maintaining cash records. 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