It's possible, but a bit unlikely. However, if the repo agent comes to you, and you claim not to know where the vehicle is, then they can assume an unauthorized person is in possession of the vehicle, and might report it stolen.
No
yes for 10 years
yes
A person cannot be arrested and charged in the state of Arizona for an unpaid online Payday Loan from the year of 2009. A person may either be sued or their wages may be garnished.
You will not arrested car unpaid. It is a civil matter, but It affects your loan for credit cards, loan for buying new home, plus private loan for your education. The best way is pick up your phone discuss with lender. They could find a better way for you and for them. They make living by helping you event they got mad at you by not paying car loan.
No. The most legal action that can be taken against you include: delinquency reported to the credit bureaus, collection agents begin to call you and then possibly a lawsuit to collect the owed money.
Definitely, you can sue for unpaid loan. Please ensure that you have documents that support you loan and the receiver of loan.
An unpaid loan can have serious legal implications. Not only will an unpaid loan ruin credit scores but the business can put the loan into collections or place a judgement against the customer.
Yes
A multi purpose loan is not able to be availed for if a calamity loan is unpaid. The loanist be paid off before another loan can be availed for.
You pay the balance of the unpaid loan to the bank, request a release of title to the estate of the deceased person, purchase the vehicle from the estate for at least one dollar, do a transfer of title to your name, and register the vehicle.Anything less or different may result in the repossession of the vehicle.
Generally, no, one is not arrested in Bahrain for not paying their bank loans. However, as a result of processing through the court system, people are typically not allowed to travel outside of Bahrain until the debt is paid.