Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?
YES, making the down payment is part of the contract and you are in default on it.
Can furniture be repossessed if payment has not been made in 6 months but you start back making payments?
Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
It depends on how many times you've been late on vehicle payments. Most of the time though as long as you are making a payment of some kind on the loan your vehicle will not be repossessed.
Pay it off. It will still likely be repossessed.
A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.
After your vehicle is repossessed and the car has been auctioned off can arrangements be made for the remainder of the loan balance?
The vehicle was repossessed for non-payment of the lease, correct? You still owe all the money to the lender, even though you no longer have the car. You signed a written agreement with the lender promising to pay a certain amount each month for how ever many months were in the lease. You breached that written contract by not paying the monthly lease - Just because the car is taken away from you does not… Read More
Yes, if there is a breach of the lending contract, such as non payment of late fees or penalties, lapsed insurance coverage and so forth.
If you want to be charged with making a false report on top of losing your car. If it has been repossessed legally, you have no real claim on it and aren't supposed to find it. Pay what is owed on it and whoever has it must produce the car.
I have a welding machine on the truck they repossessed can they keep that?
If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.
Very little ! If you default on the payments, the finance company are quite within their rights to confiscate the vehicle. The camper does not become your property until you have made the final payment !
When a car has been repossessed the person paying the insurance should cancel it.
The debt is not cancelled simply because the vehicle was repossessed. The borrower is still responsible for the existing amount of the loan (if any) after the vehicle has been sold at public auction.
In some states under some conditions, YES. It depends on how many times you have been late, repoed, in default, the terms of the contract you signed,ect.
Can a school send you to collections for unpaid tuition for the remainder of an unpaid semester even if you dropped out in the middle of the semester and it was almost 8 years ago?
I dont think they will be able to win that one unless they have been hounding you for payment and you have been ignoring them.
If your payments are current, they're not coming to repossess your car. Trust me, the finance company would much rather have your money than your collateral (i.e., the car).
Can a car still be repossessed in the state of California if it is your final car note before payoff of the loan and all late charges?
This is a very easy question the vehicle is not yours until the FINAL payment is MADE.When you are holding a title in your hand that has been legally cleared of any liens that is when you can stop worrying about someone potentially repossessing it for non-payment end of story.
Repo'ed car Contact the lender that had the lien against the car, and they will tell what steps need to be taken to get it back (i.e. making all overdue and/or current payments on the vehicle).
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
If you have never been delinquent or defaulted on your vehicle loan, and it is repossessed, it may have been wrongfully repossessed. It must be returned to you, at no cost to you, ASAP. It is not uncommon for this to occur. So many similar and like vehicles are out there and VIN numbers can be so close that confusion occurs. More often than not it is a simple mistake. Go ahead and ask the… Read More
A car bought by prev roommate sold to person but he wont give up the title and refuses to take final payment as he is holding a 5K as collateral what can be done?
if vechile has been paid in full you must show proof of payment if seller will not accept the last payment you can send a check or money order certified mail to his home and keep the receipt for proof of payment go to the highway department and let them know that the remainder of loan has been paid then contact the court house to file charges for breach of contract and sign a warrant… Read More
Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?
Only if your name is on the title, and only if the primary borrower defaults and the vehicle is subject to being repossessed by the lender.
You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.
Can a company legally refuse full past due payment plus repo fees after the car has been repossessed?
Yes, this is because the loan agreement was voided when you were late with one payment.The lender has decided to auction or sell the car even though you can bring the loan current,they can do this.
i heard u can
''Doing a payment'' is to express completing a payment. '' payment is done '' means it has been completed.
Can a title loan be deducted in chapter 13 bankruptcy I have a title loan on my car and am filing chapter 13 - but the trustee is objecting based on re Ransom?
Sure the trustee is objecting. Because you are making payments on your car, Ransom v. America Bank, means the amount of money you would be required to pay would be less than if you did not have a title loan. The trustee wants you to pay off the loan before you declare bankruptcy. Update: I have not been making the payments - I thought the chapter 13 would be making the payments when I send… Read More
If your car has been repossessed what kind of payment will they take to get it back Will they accept check credit or only cash Do you have to pay in full or will they take half 800 behind?
If a car is repossessed it is usually up to the creditor, what terms and conditions have to be met to get the car back. Included with all the payments missed, there might also be fees like towing, late fees, etc. The creditor is probably going to want all of this paid up front to get the car back.
A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3. A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3. A modulus is the remainder after a number has been divided… Read More
Without proper permission (in writing) to take your car after it's been repossessed, it is considered stealing. Anything from jail time to a hefty fine. If it's been repo'd, it's not yours anymore.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay… Read More
YES I guess I phrased the question badly.. The car dealer repossesed the car (illegaly, because he gave no notification), and threatened to keep the car and all the money that had been paid. He wouldn't work out any new terms before that. And he would not accept full payment of the car on the date the final payment had to be made. He will very soon be put out of business.
You had a credit card with Household Bank that went into collection you've been paying the collection company every month for 2 years but your balance keeps going up what can you do?
What is the Annual Percentage rate set at? Are you making more than the minimum monthly payment? Is the collection agency charging any monthly fees? If you are making a $10.00 a month payment and the finance charges are $8.00, only two dollars is being applied to wards the balance, each month. Check to see how much of your monthly payment is going to the finance charges and then increase your monthly payment to cover… Read More
A due payment which has NOT been paid!
NOT. Good try though. LOL
No, since the car is no longer considered "your" property.
What is you are making payment on the car and owe the dealership for something else can they repossess the car?
Yes and No. By "they", I'm guessing you mean whoever technically owns the car that you are making payments on, and is most often a bank/credit union. If you owe the dealership for a repair bill or something, it is separate from your car payment, and would most likely have no impact on your lease, therefore not be repossessed. On the other hand, if you owe money because you didn't pay your insurance (in a… Read More
Pay for the car and get it back, or pay the deficiency after it has been sold.
Most of the food has been eaten, and the remainder will be composted.
Can the bank repossess a 30K dollar car when less than half is still owed and only 128 dollars is past due?
The bank can legally repossess a car at any time you default on the loan regardless of the vehicles value or the amount past due. If your car payment is due on April 1st and you don't pay than you are legally in default on your contract. If you make a partial payment (less than the amount you agreed to pay in your contract every month) and the bank didnt agree to this arrangement then… Read More
A receipt is a written statement showing that a payment has been made.
How often does your credit score rise if you have been making on time credit card payments for a period of one year?
== == Each month that you make an on-time payment your credit score increases.
NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make mistakes. LOL
If you can't make full payments on your car but do attempt to pay by making reasonable payments can it be repossessed?
Yes. It is an absolute fallacy that a creditor/lender has to accept any payment other than the full amount that was agreed upon in the original contract. Many consumer's are under the impression that as long as they make a payment of some type to a credit card issuer or lending institution, respossession or legal action is not possible; that is totally false. As soon as a borrower misses a scheduled payment the contract has… Read More
NO,thats Grand Theft.
"YOU" dont, the debtor does. call the lender.
Call the lender they will tell you.
You have no choice.
only the last one counts
Can you sue if your truck was repossessed then returned four hours later due to the current payment?
No, you're not out anything. In order to sue, you have to have provable damageds. They made a mistake, assuming you were current on your payments the whole time. It might have been inconvenient, but if we could all sue for being inconvenienced, the justice system would crash down on itself.