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If you pay the amount due before your car is reposessed can the creditors deny you the right to pay the debt and still take the vehicle?
Wiki User
∙ 8y ago
Its a GAMBLE to see how long you can wait to pay. If the lender sends the repo order out on Thursday, you pay after businnes hours on Friday, you will likely lose the car and the money before Monday morning. Then you have repo charges to pay to get the car back. Dont Gamble.
Wiki User
∙ 8y ago
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Can a car get reposessed if the previous owner owes finance on it?
Yes. Prior liens must be paid off before you take title to the vehicle.
What is the Repossession laws in Hawaii?
In Hawaii, creditors can repossess vehicles without court order if the borrower defaults on the loan. However, they must do so without breaching the peace. Borrowers have the right to cure the default before the repossession occurs. Creditors must provide notice before selling the repossessed vehicle.
Should you apply for a credit increase before or after applying for a vehicle loan?
For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.
You should stop before crossing a railroad grade if your vehicle is carrying of chlorine?
any amount
What are the remedies when a lender agreed to accept payment in full the following day but reposessed the night before anyway?
Lesson learned: Lenders LIE !!!!!!!!!!!!!!!!!!!!!!!!!!
My car was damaged after the repo man picked it up property was stolen as well what are my rights?
It's difficult to prove that a vehicle was damaged during towing unless the damage is directly related to the way the vehicle was towed. Some examples would be AWD (All Wheel Drive) vehicles being towed on 2 wheels destroying the drive train components, damaged bumpers, or bent control arms from tow hooks. As well, personal property is the owners responsibility to keep out of the vehicle at all times. Your best bet is going to be filing a claim with your auto insurance agent (given you had insurance at this point in time.) If you are unable to do so due to being under, or uninsured - contact the bank that owns the vehicle and find out who the tow company that reposessed the vehicle. You may be able to take them to small claims court, and if not get money back on the deal - have the bank reduce the amount you owe if they are found at fault for the damage. If you own the vehicle, and you have taken delivery of it back from the impound, an insurance claim, or small claims court are your best options. If you have photographs of the vehicle taken just before it was reposessed, they will be your best tools in either case to prove the condition of the vehicle was changed during the process.
Can debt collectors make a beneficiary pay the decedents debts?
The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.
Why creditors use accounting information?
Creditors want to evaluate before granting credit to company that will company be able to return back credit when maturity time arrives.
If your checking account is frozen because of a judgment do you have to pay the entire amount or can you settle?
That's at the discretion of the party who won the lawsuit and had the judgment enforced. In general creditors are only open to a settlement/payment agreement before a lawsuit is undertaken.
Can the deceased be billed?
The decedent's estate must be probated if they owned any property. Creditors can make claims against the estate. The creditors must be paid before any of the assets can be distributed.
Is it legal for the finance company to refuse to allow payments or payoff on a repossessed vehicle in the state of Ohio?
Payments??YES. PAYOFF???NO My husband lost his job and had to take a different job making less money so our payments were late and the several were not made at all. At the time of the repossession I was in the process of trying to get a personal loan from a family member to just pay off what we owed. The vehicle was reposessed before I could get the money. The day after they took it, I called and asked what it was going to take to get my vehicle back. The woman was extremely nasty to me and informed me that with our payment history she was not going to give it back to me. She did not offer me a pay off amount or even let me get a word in. She had me in tears before she hung up on me. I could not afford an attorney so we just did nothing. The van has now been sold at auction. It sold for $1200 at auction. Now we are getting letters demanding the amount we owed plus $200 more even though they sold the van for $1200. I know they can legally expect us to pay for the amount of the outstanding debt, but I don't understand how they can refuse to let me pay before they auction it, then come up with a higher amount we owe than what was left on the loan AFTER they sell it. We couldn't afford to make the payments before and now I have used the personal loan from the family member to purchase a different vehicle. We have no money to pay for a vehicle we no longer have.......plus $200 more than we owed to pay it off. Is there nothing I can do?
How many times can you be late for a car payment before it is reposessed?
Answering "How many times can you be late for a car payment before it is reposessed?" by law they can repossess your car when your 1 day late- there is no law against that! However, your best option, would be to contact CAR HELP USA. They stop repossession, get your payments up to date, lower interest rates, lower your monthly auto bill, help with repossession, and so on. They helped me get a car back from repossession in the past! Do something before the problem just gets worse.
