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They can repo anytime you are in DEFAULT of the contract.

2010-09-21: Also, in addition to the answer: While the bank can reposses when the repo clause comes into play, I don't know of any instance that once a bank agreed upon partial payments, they reneged and repo'd the vehicle anyway. Remember: they'd rather have the money than the car. If it comes to haveing it repo'd through a repo company, the bank would still rather have their money than share it with a repo company. The person at the bank that you speak to is being watched by the bank manager, etc., blah blah, and he or she would rather keep good information on the books. He or she, as far as my experience, will help you in your situation.

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โˆ™ 2010-09-22 03:14:58
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Q: Can a bank repossess if you are making the agreed upon partial payments?
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Can you repossess a car from your ex if they are not making the agreed upon payments?

i think so:D


Can a creditor repossess property if you are making payments?

no they cannot


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.


Can your loan company repossess your car if you are in arrears but are making payments?

Yes.


Does default means not pay?

Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.


Would your car dealer have you locked up for not making payments?

No, they'd repossess your car.


If i stop making payments on a camper my dad had in his name only and he died what can the finance company do to me?

Repossess it


Can a cosigner repossess a car if the primary borrower stops making payments?

No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.


Can a bank repossess a car if they continue to take payments?

YESIFyou are not up to date, if you are behind on your payments they can repossess at anytime. In most loans, there's a statement about late and/or partial payments that basically says the bank can take them but isn't obligated to do so and that taking one late or partial payment does not mean that they have to continue to do so.So, if you owe $200 a month, and pay $100, the bank can accept that and still repossess the car. They do have to credit the $100 towards the loan.Also, banks are usually allowed to repossess for habitually late payments. Most of the time a bank will consider this to be more hassle than it's worth as long as you're eventually catching up, but if you're chronically making payments several weeks late, they might at some point decide "this guy is a flake, we should get out of this deal while we still stand some chance of recovering our money."


When can the government repossess property such as a car?

when you arent making payments for several months when you dont pay your taxes


If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?

Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.


If loan is not reaffirmed on a mortgage is the property still mine payments are made on time?

as long as you keep making payments the lender will probably not repossess the property. however, if you miss one payment the lender can repossess the property at any time.


If your cosigner defaults on other loans but you are making your payments can they repossess your vehicle?

No. You are the primary borrower and are honoring your financial obligation.


Is it legal to repossess your work truck when you are self-employed?

Yes, if you are not making the payments the bank can repo your truck.


Can the cosigner repossess the car if the person is not making the payments?

If the co signers credit is going to be affected because of the lack of payments from the payee, and if the co signer is paying for the payments, then yes the car can be given over to the co signer, especially if the payee is not paying for the car that was agreed upon. check with the finance companies, and your local state, county laws.


Can a creditor place a lien on your property if you and he have agreed to a monthly payment schedule and you are making the payments?

Yes, if you have agreed that the house will be used for collateral.


Can dealer call and take car back?

If you do not have title or have not been making agreed payments...YES.


Does the lender on a car loan have to notify the cosigner before they repossess the car in TN?

They should since they are just as responsible for making payments as the primary.


Can a person in Texas repossess a car if she is making payments but is not on the car title and feels that she has already paid enough into the car?

Sure, you just lose the car.


Can your loan be in default if you are making your payments on time but have failed to insure the vehicle or provide information to the loan company?

Yes. Making payments on time is only one of several things you agreed to do when you signed the loan papers.


Can you repossess a car from your ex if they're not making the agreed-upon payments?

Doug, you are not 'repoing" as such. you are only taking possession of collateral you are responsible to pay for. GO GET IT and have the lender take her name off the loan IF yours is the best, strongest credit. Rem that taking her off the loan is up to the lender.


Can the lender repossess your car if you didn't make the payments because they never sent a payment book?

They can repossess your car if you defaulted on the loan. You knew you owed the money and you knew you didn't receive a payment book. It was your obligation to contact the lender to arrange to make your payments. You should seek the advice of an attorney who may be able to negotiate with the lender on your behalf. Not making your payments for your debt on such a technicality is really dangerous.


If you are making some payments but not all can they still repossess your car?

== Repossession== If they are accepting payments - that will reflect negatively on them if they try to take you to court on a deficiency balance, however they have the right to demand full payment of the loan at any time and take the car if you don't pay. Also - if you are just sending in partial payments that doesn't mean they are accepting them. They need to agree to the partial payments and how long it will go on. You can't stop them from repo by sending in some money every month. More input from FAQ Farmers: * Yes, I have found out that if you are in default (even if you are attempting to make payments), the bank at any time, can repo your vehicle...unless otherwise stated in your contract.


If the dealer accepts partial payment can they still repossess your car?

Yes. Once the lending agreement is in default the lender may take whatever action they choose in recovering the monies owed. It is a misconception that by making a partial or token payment the creditor will not be able to assert their legal rights. The lender can accept the payment, still repossess the vehicle or pursue litigation.


Can a collection agency repossess a car that a bank owns but you are making payments on to the bank?

carolene, normally, banks dont turn accts ovet to CA unless the payments are NOT being made. Have you bothered to call the bank and inquire as to why this is happening?