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Can a person get arrested if he or she don't pay for the car loan?
Wiki User
∙ 15y ago
When you get a loan you sign a legal document that states that you will make the arranged payments on time. There is usually a clause that states when payments are deemed late and how many payments can be missed before the loan is considered "default" and they own the vehicle, outright. The lender is then allowed to "repossess" their property by any means they choose (usually a towing agency). If you resist their efforts to reclaim their property (hide the car or incapacitate the vehicle) you are considered to be in possession of stolen property and subject to arrest.
Wiki User
∙ 15y ago
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Can you be arrested for owing a title LOAN anD longer have the car?
No, you will not be arrested but you are still liable to pay back the loan.
How do you know if your car loan is assumable?
you dont
When someone is a cosigner on the loan of your car does that mean he owns any part of it?
when you cosign on any kind of loan you dont have to pay anything unless the person you cosigned for does not pay the loan, then you are responsible for that the remaining balance on the loan
Can you be taken to jail for a car loan being overdue?
No. A car loan is a civil as opposed to a criminal matter. Being behind on a debt is not a criminal matter, therefore you cannot be arrested for it. Never the less, if you are behind on a car loan and if the loan is secured by a lien on the car, you may be arrested if you interfere with the loan company's attempts to repossess the car, provided that state you are in has laws that make it a crime to interfere with a repossession. But even in this instance, you are not subject to arrest for being behind on the loan, you are subject to arrest for interfering with the repossession.
Can you be arrested for car unpaid finance?
You will not arrested car unpaid. It is a civil matter, but It affects your loan for credit cards, loan for buying new home, plus private loan for your education. The best way is pick up your phone discuss with lender. They could find a better way for you and for them. They make living by helping you event they got mad at you by not paying car loan.
One person car loan and death?
Heirs pay loan or bank takes car.
What is a Straw purchase on a car loan?
A straw purchase is when someone else signs for a car loan but the loan is being paid by someone else. For instance person "a" has bad credit and person "b"does not. Person "a"signs for a loan under the idea the car is for them, but it is actually for person "b." Person "b" then gives the car to person a to drive as their own. Person b is responcable for payments, but hopes person a will make them. This type of loan is not allowed. If a dealer knows this is taking place, they will not sell the car.
Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?
NONE on the loan.
Can a cosigner have a car repossessed if the loan is current?
NO...NO...AND...NO.Dont let this person scare you there blowing hot air keep your payments current and dont worry about it and if this person touches your car in the wrong way call the law.
Can you loan a car without the person on insurance?
no
Can you Lease a car from someone with a loan on the car?
No. In my experience and from what I've read, it is not wise to lease a car from someone with a loan. They can still be held responsible for the car if anything happens to it. If you cannot afford to make the payments and the bank comes to collect the car, and the owner does not have it, they can be arrested.
What happens if you dont make any payments on your car loan?
u eventualy lose your car
