0
What happens to your auto loan when you stop paying on it for a long period of time?
Wiki User
∙ 15y ago
You start getting letters from a collection agency then guys like me buy out your contract & repossess you if and when seen.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the meaning of auto loan calculator.?
An auto loan calculator shows how much you're REALLY paying for a car after the loan term and interest rate are factored in. It can also calculate how long it will take to pay off your loan based on how much you are paying each month.
If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
What happens if you stop paying your car loan?
Repo.......homo
What happens when you stop paying on a vacation points loan?
Forclosure.
What happens if collateral used for loan is sold before the loan is repaid?
You are still responsible for paying the loan as before.
What kind of loan is an auto loan?
An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.
What is a reverse auto loan and where can you find a calculator for one?
Reverse auto loan means paying the interest of the car loan later, unlike regular loan payments. You may have to buy this calculator online. I couldn't find it free for download.
What happens if up you stop paying your car loan and move to a different state?
It is a felony if you take the car across state lines and you are no longer paying on your loan.
What happens if I don't repay an auto title loan?
You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.
Does paying off your auto loan affect your credit score?
Yes, for the better. Any loan that is paid on time or paid off is a plus.
When getting an auto loan, is the title different in California than paying cash for a car?
Yes, taking out an auto loan means that there is a lienholder on the title of the vehicle. Once the loan is paid off, the lienholder is removed and it is owned free and clear.
What happens if a co signer on a car loan passes away?
The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.
