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Can a lender help avoid you having to pay for a car you cannot afford?
Wiki User
∙ 13y ago
When you bought the car, the lender paid the dealer for the car, and you are making payments to the lender, plus interest. The lender will not help you avoid paying him.
Wiki User
∙ 13y ago
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If you can't afford your auto loan but owe more than you can sell the car for is there any way to get out of it without having it reposessed?
Yes. Talk to the lender and tell them you want to sell the car, give them the proceeds from the sale, and take out another loan for the balance due. It can be a personnel loan or use something else as collateral. Do whatever you can to avoid having the car repossessed.
What are the consequences of voluntarily repossessing a car after having it for 6 months?
Credit will be ruined for 7 years. You will also pay the difference in what the lender sells the car for and the balance on the note, and possibly the repossession fees. Avoid this if at all possible. Talk to the lender and see if you can work this out.
If i am 167 days delinquent on your car payment's. can you work something out with the lender to avoid repossession?
No one can answer this question except the lender. You need to contact them and ask.
Do credit card companies only approve credit limits that an individual is able to afford?
Credit limits are set by your lender who can change your credit limit depending on your payment history, usage and a number of other factors. They will make reasonable choices when setting or amending your credit limit and would certainly avoid giving someone a credit limit they believe the individual could not reasonably afford.
Can I buy a sprint phone with no contract?
Yes, you can purchase a Sprint phone and get a pay as you go plan to avoid having to deal with the expenses of a plan from Sprint. This way, you can pay what you can afford and only for what you want.
What are your rights if you have set up a payment plan because you were threatened with legal action but now making the payment is a strain?
Your 'rights" are to do whatever you said you would do(pay the loan off) or give up the car. Its fairly simple, the lender has worked with you and you simply cant afford THAT car. There is a car somewhere that you CAN afford. There are NO magic rights that enable you to keep anything you cant afford. You can file bankruptcy to avoid paying the balance due on the car, but you still dont get to keep the car.
What are some words that starts with A and ends with D?
· afford · applaud · attend · avoid
How do you avoid deficiency judgments in lee county Florida?
You can avoid the laws if your lender agrees not to press charges for deficiency. You can also file for a chapter 7 bankruptcy.
Three Ways To Avoid Bank Foreclosure?
Bank foreclosure is what occurs when you miss making payments on your home and you cannot get caught up on them. It is the legal process your bank uses to take ownership of your home. If you cannot make payments to the bank on your home, then your mortgage lender wants to be reimbursed. When no reimbursement is forthcoming, they will take the actual home as payment. Bank foreclosure is something to avoid at all cost. It can seriously harm your ability to quality for credit in the future. What are some of the options to consider to avoid bank foreclosure and how do you go about finding them? One of the very first things to do when you cannot make a payment on your mortgage is to contact your lender. Approach your lender in good faith and explain your financial situation in detail. Lenders are in a position to offer you options and to help you examine different alternatives. One of the first things your lender will likely consider is arranging a repayment plan based on your financial situation. This is generally called special forbearance. Your payments could be suspended for a period of time or reduced depending on your circumstances. This is usually applicable when you have lost your job, your income or experienced a sudden increase in your living expenses. A second way to avoid foreclosure is to negotiate a loan modification with your lender. A loan modification generally accomplishes three things: your loan is reinstated if the foreclosure process has been initiated, one or more terms of your home mortgage is changed and, most importantly, you receive a lowered monthly payment that you can afford. Additionally, you can negotiate to have all of the legal fees involved in reinstating your loan included in the modified principal balance of your mortgage. The third way discussed here to avoid foreclosure is to refinance your home. This is an especially good option if your original mortgage was an adjustable rate mortgage and the interest rate is too high. You can investigate this option with your lender and opt for a fixed interest rate loan, making your payment more affordable for you.
Can a real estate broker refuse to pay an agent's commission?
A short sale is a process by which a homeowner who cannot keep up with mortgage payments may avoid a foreclosure. In a short sale, the homeowner allows his lender to market and sell the home.
Should people eat deer?
If they can afford it or know a hunter. Vegetarians should avoid it.
How do you avoid deficit?
Export more than you import don't purchase what you can't afford
