I have a vehicle that was surrendered during bankruptcy. The lender never made any attempts to pick up the vehicle. We parked it in the field next to our house where it has sat for over 7 years. I am wondering what the law says about ownership. Has this vehicle been forfeited? Can I license this vehicle and drive it? It needs several thousand in repairs and I don't want to invest the time or money in something that can be taken from me. I am in the state of ky.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.