Not unless the borrower can also prove the lender agreed to accept the late payments in lieu of repossession action. Once a contract is in default the lender may take whatever means allowed under the laws of the debtor's state to recover the property and/or debt.
Sorry....just to start, repossession with all payments made? For not reason at all? Because the bank wants your old car so much they'll pay for the costs of getting it, storing it, selling it, getting the title, legal, etc...... Doesn't sound like the real story....and you ain't going to fool anyone by just insisting differently. So, if you feel you can prove differently, then someone took your car, and they couldn't have been doing it legally. May be a simple theft...it can't be a repossession. Call the cops and report it stolen. (But explain the circumstances, so they don't go running around on a goose chase).
A car repossession happens when a person falls behind on their car payments and the finance company reclaims the car. The goods they are paying for on a recurring basis are not legally theirs until payment has been paid in full. Until this happens, They will not be classed as the 100% rightful owner of the goods until the lien is removed. When the payments as stated in the agreement are not paid accordingly the repossession of the goods can be taken into effect. When this happens, then a lender can take legal action against you for the money owed to them. Some agreements allow you to miss one or two payments which can be added on at the end of the term. Please be aware that, your finance company can take your car back after missing one payment. http://www.carrepossed.com
It will likely be repossessed and sold at auction, if not redeemed, with the proceeds being applied against the amount owed and subsequest repossession, collections, and legal fees. Keep in mind that you signed a contract. That contract is legally binding, and in most cases, you agreed to suspend many of your rights to property.
If you are 13 years old when were you born?
Is it true that one human year is equal to seven dog years?
What is half of 74?
What does minus 3 degrees mean is it 3 degrees below zero or 3 degrees below 32 degrees Fahrenheit?
Why can't we remember our dreams?
How do you protect the masonic emblem?
How much is 10000 quarters worth?
What gangs are in Ohio?
Can eggs break inside a chicken?
Why do books come out in hardback first?
What happens when a beehive gets too full?
What is the difference between an optometrist and an ophthalmologist?
How can you tell when someone's lying?
Why do some people celebrate Christmas in July?
Why is it bad luck to walk under a ladder?
What is a conservatorship?
How did Robert perault die?
Was Lucy meacock married to rob Mcloughlin?
What do you mean halim seeds in gujarati?
Who was giani maan singh jhaur?
Which of the following best describes what is required to be reported to congress?
What is a classified data spill or negligent discharge of classified information?
What is Ford Motor Credit payoff address OVERNIGHT?
Why the eastern Terai is cooler than than western one OF NEPAL?
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.