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When your car is repossessed will the finance company generally allow you to make payment arrangements on the deficiency or demand payment in full?
Wiki User
∙ 12y ago
make payment arrangements on the deficiency???? IF you mean the amount you're in DEFAULT on, NO If you mean the amount due AFTER they sell it, USUALLY NOT. Why?? You couldn't pay notes on a car you could drive, so why would they think you will pay on a car you DONT HAVE??? NO lender WANTS to repo a car, they just want the money. So when they have to repo a car, they will go after the money very seriously. Nothing personal, its only money...
Wiki User
∙ 12y ago
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When a car is repossessed does the finance company have to sell it for the amount it is worth?
no, they will sue you for the balance owed after the sale
Can your car be repossessed for credit card debt?
Unless the credt card company is the lienholder on your vehicle, no.
Are you likely to have to pay the balance if the finance company cannot get full amount for the repossessed car and how much does it hurt your credit?
The lilelihood is very good, almost certain, you will have a balance due after the sale. The only way they could get the full amount due is IF you had made a HUGE downpayment. You will have a repo and a judgment on your CR IF you don't pay any deficiency balance.
If your car is damaged while it is being repossessed who is liable for the damages the loan company or the repossession company?
The LENDER is responsible for every detail of a repossession. They may pass the costs of repair on to the repo company.
If you have a secured loan such as an auto loan can the finance company attach any other property?
If the vehicle is repossessed the borrower will be responsible for the deficiency between the sale of the vehicle and the balance of the loan. If an equitable payment agreement cannot be reached by the lender and borrower, the lender can file a lawsuit for monies owed and if successful execute the judgment against any non exempt property belonging to the debtor.
How can you have your car repossessed i lost my job and can't afford it.?
Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.
Does a repossession company get paid if car is not repossessed?
Some do, most do not.
What is the tow company in the show Repossessed?
Jam Recovery Inc.
What arrangements does your company have to ensure existing staff hse knowledge is up to date?
What arrangements does your company have to ensure existing staff HSSE knowledge is up to date
Can you get your car back if its repossessed?
Yes. If the payment is made to the finnance company.
Can a vehicle that is without a lienholder be repossessed by a company before a lien is filed?
No
Can you be sued if you let your mobile home be repossessed?
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
Can a motorcycle purchased on credit card be repossessed?
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
If you have a car repossessed can the loan company keep you from receiving a tax refund?
Yes.
Can the car company that repossessed your car keep your personal property in it?
No Way. Its Your Stuff !
What company in Canada sells edible fruit arrangements?
While not sold specifically in Canada, Edible Arrangements delivers fruit baskets to the company. One of the larger Canadian based companies is Bloomex.
Do they really make edible floral arrangements and from what company in the U.S. can I order from?
Edible Arrangements is a company that has a large chunk of this market. You can order edible fruit bouqets from them online and ship them anywhere in the U.S.
