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If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
Those who have already had their refund approved by the state revenue department can check with the Illinois Comptroller’s Office for more specific information, including the status of the ...
The most common forms of default resulting in repossession are failing to make required payments and failing to maintain adequate insurance coverage. Many U.S. states have enacted additional laws that apply specifically to the repossession of purchased and leased automobiles, and which are intended to afford additional consumer protections. [3]
A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [2]
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The Illinois State Fair mile currently hosts the Allen Crowe Memorial 100 ARCA stock car race, USAC Silver Crown dirt cars, UMP Late Models and Modifieds and the A.M.A. Grand National Championship. The only driver who has won races in three disciplines of racing in Ken Schrader who won in ARCA cars (1998), UMP Modifieds (1998), and midgets. [2]
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