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To my knowledge, the lender can ONLY repo when the loan is in DEFAULT. Does your acct. being minus put you in default????

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8y ago
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Q: Can they repossess your car if your bank account is in the minus?
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Related questions

When a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


If you have two car loans at one bank can the bank repossess both even?

Yes they can repossess everything that you got a loan for.


Can a bank repossess a car who's registration is past due?

no


Can a bank repossess my car if I am making some sort of payment?

If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.


When can a bank repossess someones car?

When the owner defaults on the loan payments


Can a creditor repossess a car if the account is current?

not without legal cause


How much has to be owed for a bank to repossess a car?

it is up to the bank to decide. Legally, as little as 1 cent.


Does the bank have to notify you before they repossess your car?

I have NO IDEA, WHY look here if there is NO ANSERS


Can a bank take a car that some else as a lien on?

Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.


If a person dies can you give car back to bank?

If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.


How do you use repossess in a sentence?

The bank's repossession of their house left the family with no place to live.


When can hsbc repossess a car?

i know that one of the requirements is that the account has to be passed due for 60 days.