Notices by Myshkin (myshkin@nicecrew.digital), page 2
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I have 36 years of My Patriot Supply emergency food buried in a secret bunker along with 490 pounds of Black Rifle Coffee. Getting 5 Tons of Minute Man toilet paper delivered tomorrow. I bought the cool rolls with the Liberty Bell printed on each square.
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I like watching those repo videos
No wonder they get so mad
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I’m not sure, probably not the whole thing if they get the car back. Maybe just what was owed until the time of repo.
Than you can file for bankruptcy.
I’ll ask grok, oh that’s right I can’t
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lol
When a car is repossessed, the original loan does not simply disappear. Instead, the situation typically evolves into a cycle of debt that can leave the borrower owing significantly more than the car was worth. Here is the breakdown of what happens to the loan:
1. The Loan is Accelerated
Once the lender takes possession of the vehicle, the entire remaining balance of the loan usually becomes immediately due. This is known as "acceleration." Even if you were only behind on a few payments, the lender can demand the full principal amount plus any accrued interest and fees.
2. The Car is Sold (Auction)
The lender will then sell the repossessed vehicle, typically at a public auction or sometimes to a dealer.
Sale Price: Cars sold at repossession auctions often fetch much lower prices than their market value because they are sold "as-is" and buyers know the lender just wants to liquidate the asset quickly.
Proceeds: The money from this sale goes toward paying off the loan balance.
3. Deficiency Balance (The "Shortfall")
This is the most critical part for the borrower. If the car sells for less than the total amount owed on the loan (which includes the remaining principal, late fees, repossession fees, storage fees, and auction costs), you are left with a deficiency balance.
Example:
You owe $15,000 on the loan.
The car is repossessed and sold at auction for $10,000.
There are $1,000 in fees (towing, storage, auction).
Total debt = $16,000.
Sale proceeds = $10,000.
Deficiency Balance = $6,000.
You are legally responsible for paying this remaining $6,000. The original loan effectively transforms into a personal debt obligation.
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They don’t care, she probably won’t make a years worth of payments before it’s repoed.
Or it’s just dumb clickbait.
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She never was attractive, in looks or personality
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He’s playing 5d chess against himself
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Yay, I’m having fun 😑
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war=money
well not for us but…
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a black woman no doubt
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tell her I want my t-shirt back
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I notice he didnt talk about all his friends in his basement
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Ugh, I need to get off the internet.
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I know. I really belong in a cave somewhere.
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Hard to take this seriously when everyone in this video is speaking English.
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and the Dems never miss a chance to make the national issues worst.
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Heel! Good goy
Bring it! Good goy
Attack! Good goy
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lol, we all knew they would get their money one way or another.
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I know. They don’t tell us shit just half truths. Then they get pissy when we make up our own narrative because it sounds like they are lying, and they are.
It’s not like we can do any fucking thing about it anyway.
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Well well well, a little late but this wasn’t on anyone's bingo card
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Myshkin
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