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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.


What is the journal entry if a company received a donated truck?

debit truck accountcredit donation / retained earnings


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.


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.


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.


Do dealerships take trucks back when you still owe money?

If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.


Can a repo man unhook a work trailer from a truck to repossess the truck?

he cannot take the truck while the trailer is attached. But he can unhook it then take the truck. Just put locks on the chains and the hitch. He could still cut the locks off...but ???


What service does the Auto Credit Express offer?

Auto Credit Express is a financial institution is a company that provides loans to people so that they can purchase a car or truck. One takes out a loan from this company and pays back the loan with a little more than they received. That is how Auto Credit Express makes money.


How long does it take for the bank to write off a vehicle if they are unable to repossess it?

I think it varies on how long and who the finance company is but the last time I made a payment on my truck was November of 2007 and its January of 2009 and im sill driving it


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?

== ==


They repossessed my truck but are now saying they didn't what can I do to prevent myself from going to jail for hiding a truck I know they repoed?

If you aren't hiding it and they didn't repossess it then it has been stolen. Call the police and report that your truck has been stolen.


When did Chase Motor Truck Company end?

Chase Motor Truck Company ended in 1919.


When was Chase Motor Truck Company created?

Chase Motor Truck Company was created in 1907.


When did Moreland Motor Truck Company end?

Moreland Motor Truck Company ended in 1940.


What size of truck will tow an exhibition trailer?

To tow an exhibition trailer, a large truck and hitch will be required. In a general sense, a medium duty truck is required. The best way to describe this is the average tow truck that is used to repossess or tow away standard vehicles.


How can you get a truck leasing company to report payments?

In order for a company to be able to report credit information, they must be a member & also have a certain number of clients (last time I checked it was over 250 clients).


If a Ttuck payment is 19 days late can they repossess your truck in Pennsylvania?

It depends on the terms of the loan. If you signed it and it's in there, you are bound to those terms. Some loans specify 5 days late. That's a good reason to get loans from a small bank or a credit union.


Journal entry for received an invoice for truck expenses?

Debit trick exp and credit accounts payable