answersLogoWhite

0


Best Answer

Quite probably. Because you have paid so much of the loan they might even find it more attractive to do so.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can bank reposses car after you paid 75 percent loan and i defaulted 2 month installments?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

A man has a loan which he promised to pay in 18 equal monthly installments of P600. What are monthly installments for 8 months 10 months 12 months and 15 months?

The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12


If Hudson Inc borrows 500000 on a 10 percent add on basis payable in 12 equal end of month installments how large would the monthly payments be?

45833.33 (recurring). In order to get round the recurring decimal, you would require8 payments of 45833.33 and 4 of 45833.34


How can a leinholder repo a car with only 2 installments due and was to be paid in 1 month as agreed?

how can a leinholder repo a car "with only 2 installments due?" READ your contract. Does it say you will pay as due OR when you decide to? You were in DEFAULT and when in default the lender can repo the collateral.


Can the government take your car if you default on your student loan?

No, the government does not reposses property for defaulted student loans. A great program that started this past July 1 is the income based repayment plan. If you consolidate your loans, you can opt in for this repayment program. Your payment can be as low as $0 a month, based on income and # of dependents. You also have the balance forgiven after 25 years of repayment, even if you have hardly paid any of it. If you want help with the consolidation of your loans, click on the link below.


Lavina wants to buy a rocking chair for 160 she will pay 10 percent down and pay the rest in six monthly installments what will be the amount of each monthly payment?

$16 no, 10% of 160= £16 160-16= 144 144/6 months = £24 per month for 6 months. :)


You want to buy laptop by installment in thane What are installment amount per month?

To buy a laptop in Thane in installment,the monthly installments will depend with the price of the laptop.


What are Non performing asset of banking industry?

A Non-Performing Asset or NPA is an asset of the bank that is not performing its intended job i.e., earn money for the bank. From the bank point of view, Loans are assets. A loan for which the customer is repaying his monthly installments regularly every month is a properly performing asset. Whereas a loan for which the customer has defaulted on the monthly payment for more than 3 months is considered a non performing asset.


What is the 3 month average of 97.4 percent 100 percent and 97.4 percent?

98.27%


How do you stop a student loan wages garnisment?

You should consolidate your defaulted student loans and stop the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your defaulted student loans, click on the link below


If a camera is reduced 20 percent one month by what percent must it go up the following month to be back to its original price?

25%


Is 10 percent per month interest in lending in the Philippines legal?

10 percent interest per month any bank name


How much a month is 2650 at 5 percent for one year?

$226.86 per month.