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Only if the two loans were "cross-collateralizied".

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โˆ™ 2015-07-15 18:40:24
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Q: Can the credit company repossess your new truck if you voluntarily let them repossess your old truck?
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Related questions

If you had a company tralier on your truck when they took it can they hold your companys trailer?

No. They can only repossess the power unit they were sent to repossess - they cannot take the trailer. At that point, it's theft. Especially if it's loaded.


Can they repossess my truck after I get caught up on my payments?

Yes.


Is it legal to repossess your work truck when you are self-employed?

Yes, if you are not making the payments the bank can repo your truck.


In Florida can they repossess your truck after taking a payment?

They can if you did not comply with the terms of the loan.


Do you know if I can get tow truck insurance online?

Yes, you can indeed get tow truck insurance online. You can even get it through your credit card company.


Can you repossess a truck from a minor?

I'm pretty sure a minor couldn't get a loan


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.


Where can I purchase a truck in North Dakota?

A truck can be purchase in North Dakota at Ryan Chevrolet. They offer new and used truck for anyone has credit, no credit, or bad credit.


If a truck and a camper are repossed voluntarily is there a penalty?

The "penalty" is a repo on your CR.,higher interest rates on future loans, and a possible judgement/wage garnishment against you. A repo is a repo is a repo in credit files.


How do you get a repossession license in AZ?

There is no licensing requirements to repossess cars in Arizona. The truck has to pass DPS inspection but that is it. So buy a truck and happy hunting.


If your husband wants to voluntarily repo his truck will you be responsible for any of the debt if you did not co-sign?

NO.


If you had a co-signer for a truck loan in 2002 for which the bank held the title is it legal for the co-signer to repossess the truck after paying off the loan when you defaulted in 2005?

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