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Can a lender charge a fee for sending out for a repo even though they never got your truck and you caught up your payments?
Wiki User
∙ 8y ago
READ your contract. You likely agreed to pay ALL fees and charges need to COLLECT the account. The reppo was a tool used to collect the account. Yours wasnt the first contract they wrote. Lenders have CLOSED all the loopholes long ago.
Wiki User
∙ 8y ago
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Can they still repossess your car if you get caught up on the payments?
Depending on the state of residence, it is possible for a lender to still repossess your car if you get caught up on the payments. Certain states allow a lender to request full payment of an auto loan when borrowers fall behind, even if they have caught up on past due payments.
Took over car payments can they take it back even if i made car payments on time?
I assume you took over the payments after the other owner missed payments. If you are caught up on all the payments then there would be no reason for them to repossess the vehicle. You need to contact the lender ASAP to make sure everything is fine. Failure to contact the lender may create a bad situation.
Do Mortgage insurance premiums payments have be escrowed by the lender?
Yes, Mortgage Insurance Premiums Payments do have to be es-crowed by the lender.
After how many missded payments does a lender foreclose?
In most cases a lender will file a notace of default after 3 missed payments.
If you haven't made car payments in a long time would it be better to turn your car over to the lender or to start sending payments now?
You know how far behind you are, sooo, you should have that amount READY to send/give the lender to have any hope of continuing the loan relationship. In any case, you will have to contact the lender to resolve the issue, if only to tell them where to p/u the car. It will take much convincing to get the lender to OK your plan. If you need more info, email me.
Can a payment on a delinquent or repo car be refused by the creditor and if so will it be a waste of money to get payments caught up?
Brandon, yes, the lender can refuse payment. That usually means you have waited toooo long to get any help from the lender. As for the catching up the notes,that question should be answered by the LENDER. You neeed to talk to the lender NOW. Good Luck
How you do get your car back after being repossessed?
You need to contact your lender to see if they will work with you on getting caught up on your back payments. Some state laws allow the lender to require you to pay the vehicle off in full and some state laws require the lender to return the vehicle to you if you can catch up on the amount you are behind. You need to check your state law and contact your lender.
How do you have someone take over payments?
You and the person wanting to take over the payments, go in a sit down with the lender who holds the note, and talk about it. The lender must agree to this for it to happen.
If you go from Missouri to California to repo a car but the payments are caught up before you get there do they still have to pay your expenses?
Thats depends on the contract the "repoman" signed with the lender before he/she started out on that little adventure.
Does a co buyer have rights to the auto loan payments?
The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.
Does a house go into foreclosure for lack of homeowner payments?
At the discretion of the lender, a house can be foreclosed after a period of missing payments.
If i didn't tell my lender i moved can i get in trouble?
As long as you make your payments the answer is no.
