HomeCan a finance company repossess your car after promising an extension?
Wiki User
2015-07-15 21:28:37
2015-07-15 21:28:37
IF you can prove any "promise", call a local attorney for state specific advice. Chances are very good that they can repo as long as you are in DEFAULT.
Related Questions
No, but the finance company can.
They can repossess with any amount owed if unpaid.
They won't repossess it for your license being suspended, but they can repossess it when you fail to make payments, regardless of what the current status of your license is.
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
Yes, the finance company can repossess the car from the body shop. They would likely wait for the car to be fixed before they repossess the car.
Is it legal to? NoIs it possible to? NoThe finance company does not have possession of the vehicle so can do nothing with the paperwork on that vehicle until the do secure possess of it.
Only if you stopped making payments and are behind on your on your payments.
If the finance company owns the mobile home, they can indeed repossess the mobile home. They do not need to permission of the land owner to obtain what is theirs, especially if they do everything correct legally.
Yes, they will repossess if you have only one payment left.
If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.
Yes, they can. The car, while the finance company holds a lien on it, is the property of the finance company. As the person who damaged the car and brought it in to be repaired, responsibility for the bill falls on you.
My company doe's home improvements.Need a finance company to finance
No, but depending on which state you live in your division of motor vehicles (or equivalent) can fine you hundreds of dollars for not having insurance.
Of course they can. The title probably shows a lien on the boat. Until you pay in full, they can take the boat back.
Yes, the lender can recover the vehicle any time after the lending contract becomes in default.
Yes, the loan is not paid in full if there are unpaid lates fees
You call the finance company and state your intent to them. Either they'll send a recovery agent to repossess it, or you might be able to take it to the repossessing agent.
Yes. Lenders repossess vehicles in states other than the one they are located in on a regular basis. No prior notice, replevin order or license is needed for a repo agent to take possession of the vehicle.
two choices here. they have the VIN mixed up with yours OR they have purchased the loan contract from the original lender. Contact the lender and find out.
Yes, if the car carries a GPS+GSM or some other combination of the GPS and communication device which make possible to send a current location data (on request or periodically) to the company to find it.
The process for purchasing a car when the finance company holds the title could vary according to where you live. In this particular state, the finance company has the right to approve or disapprove the sale if you are not paying off the loan or refinancing with another company. It also retains the right to repossess the car if you move out of state. I have no idea concerning the laws of other states or countries. So, if you live in this state and wish to continue financing with the same finance company, you will need the approval of both the seller and the finance company. The finance company will provide the appropriate forms for a fee. Next, you take those forms to the seller and get him to sign. You pay him the agreed amount. Then you take those forms to the department of motor vehicles and pay their fees.
If you are up to date with your repayments then the finance company are unable to repossess your vehicle. If you have defaulted on your payments then they are able to repossess the car, the number of missed repayments which qualifies for repossession will be stipulated on the agreement you signed when you first purchased the vehicle.
A finance company cannot repossess a car after the loan has been paid off for over a year. Send copies of the proof of payment to the finance company by certified mail. You may also need to clear up the matter with the credit reporting agencies.
Home Finance Company was created in 1990.
Surprised the finance company would allow a second chance loan after one repossession already. If they did grant another loan, chances are that they would be watching the loan progress very closely and would take immediate action if there was a default on one payment.
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