Users' questions

How does a voluntary surrender work?

How does a voluntary surrender work?

When you voluntarily surrender the vehicle, your credit report will indicate that fact in the status of the account. It will be listed as a voluntary surrender and any remaining balance will continue to be reported. If the bank has to come take the vehicle, they will report the account as a repossession.

Who is the founder of the surrendered wife movement?

Surrendered wife. The Surrendered Wives movement is inspired by a book, The Surrendered Wife by Laura Doyle. Its supporters suggest that women should relinquish what Doyle deems to be inappropriate control of their husbands and focus on their own happiness in order to bring romance and intimacy back to their relationship.

What happens when a woman surrenders control to a man?

When Doyle surrendered control, something magical happened. The union she had always dreamed of appeared. The man who had wooed her was back. The underlying principle of The Surrendered Wife is simple: The control women wield at work and with children must be left at the front door of any marriage.

What are the principles of the surrendered wife?

The underlying principle of The Surrendered Wife is simple: The control women wield at work and with children must be left at the front door of any marriage. Laura Doyle’s model for matrimony shows women how they can both express their needs and have them met while also respecting their husband’s choices.

How to get your husband to surrender to you?

Her ineffectual attempts to get him involved lead her down a road of increasing frustration and hostility, until she is screaming at him and he has tuned her out. At This Point, I Bet She Would Love To Do This. Of course I bet he would love it too! Well at least I would love it! I think… DAMN that would hurt!

What happens to my car when I voluntary surrender it?

Be sure you completely understand the terms when you make the voluntary surrender. The lender will resell the vehicle, and the proceeds will go toward the balance you still owe on the loan. If there is still a balance remaining after the sale and you don’t pay it, it could be turned over to a collection agency.

What are the benefits of a voluntary surrender?

The benefit to a voluntary surrender is that you are proactively working with your lender to resolve the debt. Although you are returning the car, you are taking responsibility for your financial issues and trying to work with the lender rather than forcing it to take an action nobody wants. By working with your lender,…

What’s the difference between voluntary surrender and repossession?

Voluntary Surrender VS. Repossession Surrendering your vehicle and repossession are very similar in financial terms. You are unable to make the loan payments, so the lender is taking the vehicle back. It will be sold to recoup as much of the debt you owe as possible. The emotional difference between the two can be day and night — literally.

Is it a good idea to surrender your car in Chapter 7?

One of the primary reasons people surrender a car is due to a car payment that’s too expensive to maintain. (Find out more, including options for keeping your car, in Chapter 7 Bankruptcy and Your Car .) Whether surrendering your car is a good idea will depend on your particular financial situation. Here are a few points to consider. Pros.