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Can a car still get repossessed after 6 mths of not paying the note?
Wiki User
∙ 14y ago
Yes. If you have not paid for it then it is not yours.
Wiki User
∙ 14y ago
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When a car is repossessed in Texas do you still have to pay the loan?
The car will be sold to satisfy part of the loan. Any money left over after paying for the repo man, and any admin costs will go toward the loan. After that, whatever is left on the note is your responsibility. You STILL have to pay off the loan unless you file bankrupcy.
Can you carry the note on a business while you're still paying the business off?
Yes
Do you still have to pay off the loan once your car is repossessed?
In almost all cases, YES. At the very least you will pay the difference in what the car sells for and the balance on the note.
Does a personal water craft repossession work the same as a vehicle repossession?
Yes, until the note is completely paid it still belongs to someone else and can be repossessed. If the transport trailer maybe also if it's on the same note.
Can a car be repossessed if the note is fifty dollars delinquent?
Unfortunately, yes. You have to talk to the lender.
How do you find out who repossed your car?
The lender who holds the note on your car, is the one that repossessed your car.
What if your car was repossessed and the lien holder charged it off but sold the debt to someone else?
You are still walking. You must pay off the new holder of the note. act wuick as they will sell it fast.
If a spouse's car gets repossessed after their death does it affect your credit rating?
If your name was on the note, yes.
If a new car is in the process of being repossessed can you use the escrow to catch up the note?
not likely but IF you can get the lender to agree....
In Virginia can a credit company repossess your car and still demand the money owed above the value of the car?
When your car is repossessed, they sell it for what they can get. Value has nothing to do with what price it brings. They simply get what they can. You are then responsible for the difference in the amount they sell the car for and the balance on the note. Your credit is then ruined for 7 years. This is why having a car repossessed is a horrible idea, and should be a last resort.
Can shop put lien on car if im still payin on it?
In most states a shop can put a mechanic's lien on the vehicle whether you are still paying the note or not. This means that you cannot sell the vehicle until you clear the lien.
If you are the primary on the car note for an auto loan you got with someone else who pays when the car is repossessed?
As the primary, you are the first one they go after.
