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If the lender has written the car off and not repossessed it do you owe them money?
Wiki User
∙ 8y ago
YES
Yes, you owe them money or yes they owe me the title if it has been written off? Thanks for your help.
Wiki User
∙ 8y ago
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What happen if you can not pay your car loan?
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
My car was repossessed and now they want me to pay for the remaining balance on the loan and I can not afford it. What can the lender do legally to get payments in the state of Pennsylvania?
no
When can a car be repossessed in Texas?
In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.
Can you get back a repossessed car if you pay the missed payments?
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 you pay your entire balance after your car is repossessed and the car is returned to you why will the lender report negative on your credit report?
Paying the car off was good but having to repo it to get it paid off was BAD or negative. the lender did report that it was PIF,HUH?? So they reported the good and the bad.
How can you locate your repossessed car?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
Can the lender collect the rest of the money you owe on a car that they repossessed?
In most cases, YES
Approximately how long after your car is repossessed do they come after you for the deficiency?
As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.
How do you find out who repossed your car?
The lender who holds the note on your car, is the one that repossessed your car.
How do you find out what price your repossessed car was sold for?
ASK the lender.
Would you be able to go through a debt consolidator to pay off what you owe on a voluntarily repossessed car?
IF the Lender agrees to it, yes. IF it gets the lender money, they will likely agree.
Can your car be repossessed after filing bankruptcy if you are up to date on payments?
On the surface, no. As long as you have not defaulted on the loan contract, there is no reason for repossession. The lender wants your money, not your car.
How do you find out where your repossessed car is being held?
The local police or the lender can tell you who has the car.
How do you find out where your repossessed car is so you can get your belongings out?
CALL the LENDER who had it repoed. they know where it is.
What do You do after your car has been repossessed?
Buy a bus pass. Or get ahold of your lender and see what they want to get the car back.
After your vehicle is repossessed and the car has been auctioned off can arrangements be made for the remainder of the loan balance?
The vehicle was repossessed for non-payment of the lease, correct? You still owe all the money to the lender, even though you no longer have the car. You signed a written agreement with the lender promising to pay a certain amount each month for how ever many months were in the lease. You breached that written contract by not paying the monthly lease - Just because the car is taken away from you does not absolve your financial responsibility to pay for the remaining parts of the lease.
What options do you have in Connecticut if your car is repossessed and you want it back?
Your option is to CALL the lender who had it repossessed and find out how much it will cost to get it back. Repossession is a matter between YOU and the LENDER. There is no state agency that oversees the process.
