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2009-07-26 15:50:57
2009-07-26 15:50:57

Yes, if other terms of the contract are breached, such as having no car insurance.


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Payments made after a car is repossessed will no longer be returned to the debtor. In fact, the lender can still require the debtor to pay the remaining balance of the loan.

yes you would have to pay all the back payments and probably a fee.

YES. The bank or lender, who owns the vehicle ( You don't own it until ALL the payments have been made ) are within their rights to take it back as you are not insured if you don't PAY for the insurance. You are risking THEIR property, the car, by not having insurance coverage on it continually. Remember, you DON"T own it until ALL the payments have been made in full. Until then the company that LOANED you the money to buy it , OWNS IT.

No, once the car is repossed by the seller, you will not be arrested but the company will often resale the car at auction and can sue you for the remainder of what you owe including interest.

The person or company that repossed it.

Depending on where you have it financed, it usually is between three to four months when they will start the process.

Can I get my personal property from the car if it has already been repossed without paying a fee?

Legal grounds are payments not being made...usually if there is a car involved, if 3 payments have not been made in a row and there has been no contact made with the signers. Reposession will be put into play.

If your was repossed you need to call the car company and pay your car

The lender who holds the note on your car, is the one that repossessed your car.

ANY LENDER, by law, can reposses your car if your 1 day past due! There is no stopping them. You need to act fast before it is too late.

Yes they can. I was renting and had my car in the garage. When I saw them come to take the car I freaked out! It was like I was watching someone rob me blind when in reality I was robbing them by not having made the 4 payments. No sweat, I was able to get another car the very next day - even after I admitted my car was just repossed.

payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.

Depending on your state... a car that is included in a Chapter 13 Bankruptcy cannot be repossed. The Bankruptcy laws protect you from repossession. Just as long as you are in Chapter 13 and are making payments to the Trustee, your car cannot be repossessed.

As little as 1. Depends on the lender and the agreement you signed. Read the loan agreement. My advice. Call the lender and talk about this. Work something out! You do not want your car repossed.

Anyone's car can be "repossessed" if they don't make their car payment.....

Uh yes. You no pay, truck get taken away. If you are having difficulty making payments try to negotiate lower payments. It costs a bank considerable more to reposses the car than to renegotiate.

When you purchased the vehicle you assumed the responsibilty for making the payments. For most finance companies their terms for default allow more than ample time for you to have made arrangements. If they failed to send you a payment book you should still have known you had payments to pay.

whatever the worth is of the car or more

depends on if you are a safe driver and has no driving or any other violations, or a naughty driver where your car has been repossed or what.

The only way you can have your car repossessed would be to not make any payments. If you have taken out a loan and have not made payments, they will take your car away.

If a car dealership has a lean on your car and you have not made the required payments they may repossess your car.

No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.

When you fail to make the car payments. Usually the bank or financial institute that holds the lien will give you fair warning for payment and then they will tow the car if no payments are made.

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