answersLogoWhite

0


Best Answer

YES, as long as the car is collateral for a loan, they can repo it.

User Avatar

Wiki User

โˆ™ 2015-07-15 18:45:43
This answer is:
User Avatar
Study guides

Loans

26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

โžก๏ธ
See all cards
5.0
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
1 Review

Add your answer:

Earn +20 pts
Q: Can the bank repossess a car after 8 months of asking them to get it and no action from bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you have two car loans at one bank can the bank repossess both even?

Yes they can repossess everything that you got a loan for.


When can a bank reposess a car?

A bank can repossess a car at any time the loan has defaulted. Many times a bank will wait until a payment is 2 to 3 months behind before repossession.


When can a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


When a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


How many months can the bank wait to repossess a car?

It usually will take up to 2-3 months, they will call you with several options to see if there is anyway to figure a way for you to stay in the car.


Can a bank demand the entire loan balance in full if you are 2 months behind on your car loan they are demanding the entire 13 payments I have left or they will repossess this week is this legal?

Check your copy of the contract that you signed for the loan. If this action for failure to pay is in the contract then they can do it.


Can a bank repossess a car who's registration is past due?

no


Can a bank repossess my car if I am making some sort of payment?

If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.


Can the bank repossess your home when child is in full time education?

yup


When can a bank repossess someone's car?

When the owner defaults on the loan payments


How much has to be owed for a bank to repossess a car?

it is up to the bank to decide. Legally, as little as 1 cent.


If a person dies can you give car back to bank?

If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.

People also asked