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You ditch the car and get yourself a bike!
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∙ 12y ago
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What might happen if you voluntarily relinquish your car to the lender and cannot afford to pay the difference in the loan balance after the vehicle is sold?
The lender would have the option of filing suit to recover monies that are still owed.
Can someone else be a co-signer for a loan on a house?
Yes, but that person is guaranteeing to pay the mortgage if the primary borrower defaults. That means they will have to pay for property they don't own. No one should co-sign any loan that they cannot afford to pay.
Will applying for ebt affect me when applying for home loan in Florida?
Well, if you can't afford to buy food, how are you going to afford to pay for a home loan?
What will happen if you don't pay back a car title loan from titlemax?
They will at last resort come and repo your vehicle but if you can't afford to pay it, you can always sell it to some one and take the money and pay it off and keep the rest.
When in chapter 13 and the pay off money is at the court trustees office to pay off loan can they still repo the car?
If you are currently in Chapter 13 and you HAVE NOT signed a relief of stay, they cannot repo vehicle. If you signed a relief of stay for that vehicle loan, then get your stuff out and leave the keys in the ashtray.
How do you get your name removed from cosigning a car lease?
Until the lease is satisfied or the vehicle surrendered, you can't. You guarantee the loan if the primary cannot pay for it.
Can you be sued by a finance company once you have defaulted on a car loan?
Yes, if the vehicle is repossessed and there is a deficit between the sale and the loan balance, (including fees and penalties)and the borrower cannot pay what is owed.
If your car is stolen can the loan still continue and a new car be bought with the insurance money?
The loan on the original car was secured by the title of the vehicle. When it was stolen, your insurance company should have paid the value of the vehicle first to the lender then any remaining money should go to the owner. If the owner is "upside-down" in the vehicle he/she will be required to pay off the remainder of the note at that time or make arrangements to pay it off. No, the loan cannot be applied to another vehicle. A new loan must be negotiated.
Can a car dealer charge you for a car that they reposesse?
If you buy a car that you cannot afford down the road, and it is repossessed, then ALL the remaining costs are paid with the repossession of the car. NO further car payments need be made for the car itself. The interest on your loan however is a different matter. If the difference from the value of the vehicle does not over lap the interest on your loan, then yes, you will have to pay more money. If your loan was through the dealership itself, then you can fight any recurring bills in court after the vehicle has left your possession.
What do you do if your owned vehicle is towed and you cannot afford it?
In Florida, if your vehicle is towed at the request of law enforcement you could potentially get a wrecker operators lien placed against you, therefore forcing you to pay the tow bill anyway, or else you cannot renew your tag. . This is HB757
What will happen if you cannot pay your loan in Dubai?
you will be pour
Defaulted auto loan and finance company does not want vehicle back how do you get the title?
If you have defaulted on the loan, you must sell the vehicle, pay off the loan you have, receive a lien release on title from the loan company and sign it ovet to the buyer. This is bad situation as most people will not pay for a vehicle with out receiving the title at the time of purchase.
