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If your car is going to be repossessed but you make a payment to get caught up can they still repossess the car?
Wiki User
∙ 8y ago
Until the LENDER cancels the repo order with the repo company, you are fair game.
Wiki User
∙ 8y ago
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What is Texas law on repose can they repossess from me because i was rude being rude?
They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.
Can a bank repossess a car before the last day of payment?
Unless it's explicitly stated in the fine print that they can't do any such thing, they have a right to repossess the moment the payment is rendered late, if they so wish. However, if you have documentation from the bank showing them explicitly giving you a deadline date, and they come to repossess before then, you may have grounds for a lawsuit. However, you would need to find out if it was the bank which had your car repossessed on that particular day, or if it was the repossessors jumping the gun and going forth with it before the date which they were specified to take possession of the vehicle.
How do you find out if your car is going to be repossessed in Arizona?
If you are more than 1 payment behind rest assure it will be repossessed. The way to prevent this is to catch up on your payments ASAP. Default on the loan agreement you signed, and they will repossess the vehicle. They will then sell the vehicle and you will pay the difference in what the vehicle sells for and the balance left on the loan. They will sue you for the balance, and you will pay. Your credit will then be ruined for 7 years. Avoid this if there is any way possible. Talk to the lender and see if something can be worked out. You do not want the car repossessed.
Does the bank have to tell you they are going to repossess your car.?
Yes, the bank must tell you that your vehicle is being repossessed. The bank will usually try to reconcile the debt before the repossession takes place.
If your car was going to get repossessed but you caught up on your payments can they still repossess your car even though it is all caught up?
Once you are out of compliance with the loan, the bank is entitled to call in the note. If you do not pay the note once it is called in, the bank can repo the vehicle. It should all be described in the terms of the loan.
They repossessed my truck but are now saying they didn't what can I do to prevent myself from going to jail for hiding a truck I know they repoed?
If you aren't hiding it and they didn't repossess it then it has been stolen. Call the police and report that your truck has been stolen.
Can your wages be garnish if your RV is repossess?
Only if you are sued for the debt. First the RV is repossessed. Then you will get collection notices in the mail. If you are going to be sued, you will get notice of that too. If you are sued, the judge can award the creditor a judgment that allows them to garnish your wages.
Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
Does a repo agent have to notify you if they are going to repossess your car?
no
Can someone repossess your car if the payment is 3 days late and it is not stated anywhere in the contract and you do have insurance and all other payments are made?
payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.
You had your car repossessed on Friday July 13 2008 because you miss three month of payment is the bank going to let you catch up on your payment so you can get the car back?
The bank didn't want my car, they allowed me to pay the outstanding amount. It may vary, though, bank to bank
Can your car be repossessed while you are active duty?
Technically no. They still can but they may not know your on active duty.Servicemembers Civil Relief Act Installment Contracts. The SCRA gives certain protections against repossessions for installment contracts (including automobile leases). If the contract was entered into before going on active duty and at least one payment was made before that time, the creditor cannot repossess the property, while the member is on active duty, nor can they terminate the contract for breach, without a court order.
