IF the lender agrees to that amount, yes. Sometimes they want you to pay the loan off completly. And you have to pay the repo fees. Call the lender and find out.
In ANY state, the FIRST call should be to the LENDER. They had it repoed, they will determine how much and when you get it back.
Bring all the payments up to date.
Yes. And that will help out their credit history too:)
Contact the lender who repossessed the car. You will have to make up all back payments and pay all fees associated with the actual repossession.
You get it back after meeting the terms of the contract. the LENDER will tell you how much it costs to get it back.
If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.
The person who bought the car didn't make payments so the bank takes it back.
Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.
When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy
You will have to ask your bank about that. They are in control now.
Perhaps the car is worth more than the remaining payments!
In MOST cases, if you pay the repo fees and catch up on your payments, you can get the car back. Sometimes, however, the bank will want you to pay the entire balance.
Talk to the lender! Don't let an "agent" get in the middle and confuse you. Let the lender tell the agent what to do.UPDATE: The lender is who detailed the payments necessary, including the amount for the agent. Turns out, the agent is the person who collected my car and was holding it.