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Can a loan holder prevent plate renewal and registration if you are behind on car payments Also does the finance company get a copy of the registration once it has been renewed?
Wiki User
∙ 16y ago
No to both questions. But the repossession agent has access to all that information and then some.
Wiki User
∙ 16y ago
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If a mechanic has a mechanics lien on your car will this prevent the finance company from repossessing your car or prevent you from voluntarily having car repossessed?
No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.
What is a consumer finance company good for?
The utmost and sole purpose of a financial company is a lender that ensures customers has the assistance they need to prevent them from getting into further debt.
How do you prevent loan deliquency?
make your payments
What are the causes of foreclosure?
non-payment of mortgage payments exceeding 2 to 3 months. If the mortgage company does not receive timely payments, they can decide to foreclose. Once they have made that decision it is very hard to correct. If you cannot make your payment call the mortgage company. Communication can go a long way to prevent foreclosure.
When filing for bankruptcy and including the car how long is it before the creditor collects the car and how does that work?
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
How do you prevent your home from going in to foreclosure?
By paying your mortgage payments on time.
Does Fred's use telecheck?
Yes, Fred's uses TeleCheck for processing check payments. TeleCheck is a payment processing company that provides check verification services to businesses to help prevent fraudulent transactions.
Does it cost to have credit card protection?
Yes credit card companies usually charge a nominal fee for their protection plan.This fee can vary from company to company but ensures protection in case of lay-offs or any other disabilities which may prevent you from honoring your payments
What do you do when you total a car and still owe the finance company more than the retail value that insurance will pay and you have no gap insurance?
I hate to have to be the one to tell you this, but there is not too much you can do. If you feel the insurance company's valuation is wrong, and the settlement is unfair, you could discusss your situation with one or more ATTORNEYS ["usually," a first visit is free]. Don't go to any attorney that doesn't offer free first consultations, as there are many who do. Otherwise, you're just going to have to make the best of a bad situation. In order to do that, I sugguest: 1. Discuss your situation with your finance company and, with a whole lot of luck, they MAY forgive PART of your note. 2. UNLESS there is a PREPAYMENT PENALTY clause in your loan note, take the ENTIRE settlement money and pay it ALL to the finance company. This gets your balance as low as possible. 3. TO PREVENT DAMAGE TO YOUR CREDIT RATING, AND a lot of continuing collection pressures, continue to make your payments until your loan is fully paid off. Not only will this protect your credit record, and prevent a lot of harassment, it is the right thing to do.
Why might the government try and prevent a large company from buying a smaller company?
To prevent a potential monopoly from forming.
If a driver is stopped without proof of registration are they permitted to drive home?
The police officer can validate proof of registration easily enough, and should do this if you cannot find yours. At the end of it, not having proof of registration isn't something which should prevent you from being able to drive home.
What is the reason for voter registration?
To be eligible to cast their ballot, usually by being enrolled on the list of electors.
