Wiki User
∙ 8y agoYES, making the down payment is part of the contract and you are in default on it.
Wiki User
∙ 8y agoYes, 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.
Pay it off. It will still likely be repossessed.
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.
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.
I have a welding machine on the truck they repossessed can they keep that?
no
When a car has been repossessed the person paying the insurance should cancel it.
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.
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 absolve your financial responsibility to pay for the remaining parts of the lease.
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 !
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.