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What will happen if you do not have insurance on your car and the lender is about to repossess it?
Wiki User
∙ 19y ago
If not having ins. puts you in default of the contract, that may be why they are going to repo the car. lenders insist that the collateral be covered by ins. to protect them, not you.
Wiki User
∙ 19y ago
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What will happen to you if your car is 6 months behind in payments and you still have possession of the car?
The lender will eventually repossess the car.
Your car was seized on a judgment now your lender wants to repossess it from the sheriff and give it back to me can that happen?
No.
If you repossess your car do you have to continue insurance coverage on that vehicle?
I take it you mean, if your car IS repossessed. In that case, IF you dont plan to redeem it, NO. NO car, NO insurance. Once the lender repos the car, they are responsible for the insurance coverage.
Can a sheriff repossess your car for your lender?
Well to put it simply..... YES
What can you do with a lender when you can't pay for the car anymore?
You can contact them and sometimes you can work out a deal with them. If not, you can allow them to repossess the car. Contact the lender and they will tell you where to take the car.
Can a car dealership repo your car if you already have a lender for the vehicle?
The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.
What is the time span of a late payment until your vehicle will be repossessed in the state of North Carolina?
As many as your finance agreement specifies.
If you are threatened with a repossession can you pay the balance before they repossess the car?
IF the lender accepts it you can.
Can a lender repossess a car if you do not pay down payment?
Yes, you made a financial pbligation by signing the documents for the sale of this car. So, they can legally repossess that vehicle.
Can a lender still repossess your car after a lawyer told you to tell them that you were claiming bankruptcy?
The lender has to get the STAY lifted before they can repo.
Can the bank holding the lien on a car find out if you have only liability and can they repossess if they require full coverage?
Absolutely! The insurance company should be sending the lien holder a copy of your policy and if you are not providing full coverage they will either repossess the car or purchase Lender's Single Interest Insurance (very expensive policies) and add the premium to your loan.
Does the lender have to send you a letter to notify you that his repossess your car in G.A.?
yes because they have to notify the owner
