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Answered 2015-07-15 18:45:43
YES, as long as the car is collateral for a loan, they can repo it.
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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.
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.
When can a bank repossess someone car?
when he has a credit
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.
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.
Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
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
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.
Can a bank repossess if the borrower defaults and there is a cosigner on the vehicle?
The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.
Can a bank take a car that some else as a lien on?
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
Can the bank repossess a vehicle even if the payments are current?
Not IF you reaffirmed the loan with the creditor.
Can a bank repossess a motorcycle?
Yes, unless there is a another previous lien holder.
Does the bank have to notify you before they repossess your car?
I have NO IDEA, WHY look here if there is NO ANSERS
In Mississippi how long do you have to be on your car loan before they can repossess?
You have to be behind on payments for 3-4 months before the bank will do anything usually. 3-4 months is the industry standard, but every loan is different. A bank can put stipulations of any type on any loan, within the law. So the answer would be it depends on your loan.
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
How soon will a bank repossess a home?
Banks can foreclose in as short as 90 calendar days.
Can a bank repossess a vehicle that is not used for collateral?
If the bank has an order from a judge to liquidate or surrender property to satisfy a judgment, then yes, they may.
How long will bankruptcy prevent a foreclosure?
Bankruptcy will prevent a foreclosure but you still have to reaffirm the loan and begin paying or the bank will repossess your house regardless of bankruptcy. Bankruptcy temporarily halts the process for up to a couple months.
If a persons owes on a truck and dies leaving no estate can the bank sue?
The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.
Your father died and had just bought a new vehicle what happens with this vehicle will the bank take it out of his estate?
The bank can repossess the car if payments are not made.
