Archive for August, 2009
Do finance companies normally repo electronic equipment or do they try to negotiate a price with you if defau?
When you finance a purchase of an electronic item and then default on the payment 8 months later , does the finance company normally come over and repo the item even though it is virtually worthless?
My situation: I bought a projector and a digital camera costing 2500 dollars for my business in January 2007. It was a “kind of” secured loan , the agreement stated that the finance company would repossess the item if I default but no lien was registered against the equipment . Now I have stopped paying the monthly payments. The equipment is in good condition but it’s resale value is only about 800 dollars. I know that hiring a bailiff probably costs a couple hundred dollars and the finance company doesn’t know that the equipment is OK.
Do you think the finance company will actually repossess the item or should I try offering them a lowball figure in lieu of the items?
Anybody face this before?
What’s trendy right now with 8th graders?
I’m researching for a school who needs to increase HS application/attendance rates for the next school year and I’m curious what is “in” so to speak… I have already assumed food would be popular but what else? Specific social media engines over others? Jonas Bros? Thanks for the help!


