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Can you be arrested for not paying the deficiency owed after car repossession if you have a co-signer?
Wiki User
∙ 8y ago
NO
Wiki User
∙ 8y ago
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If you move abroad without paying the deficiency of about 12000 dollars on your repossessed car can you be arrested or detained upon reentering the US?
YES! Just wondering how you know that? What would the crime be? What if the person had a cosigner?
What happens if one co-buyer of a vehicle lets the car get repossessed and moves abroad without paying the deficiency?
The other co-owner or cosigner will be responsible for the debt.
What paperwork should you ask the lender for if you are paying off a 4000 repossession deficiency with an offer of 3000?
You make the offer, IF they accept it, they will give you the title, ect. Fairly simple business deal.
The obligation of a cosigner is discharged by?
The obligation of a cosigner is discharged by a borrower securing a loan to the satisfaction of the creditor. Paying off a loan will also discharge the obligation of a cosigner.
Can you be arrested for not paying your apartment debt?
Yes you could be arrested for not paying your apartment debt.
What causes a car repossession?
not paying your monthly bill on it
If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
If the primary owner of a car files for bankruptcy and it is discharged and the car is back with the company will the co-signer be liable for the payment?
The cosigner will be the person who will be held responsible for paying any deficiency depending upon when the BK was filed. If the BK was filed under the new bankruptcy reform laws the cosigner can be held responsible for the entire amount of the loan.
What if your cosigner died and your car was repoed can you get it back without paying the price of the car?
NO
What happens to the cosigner if you are in chp 7 bankruptcy and you default on your car loan?
If you default on your loan, the cosigner is stuck with paying it off. If your credit had been any good in the first place, you would not have needed a cosigner.
How late can a vehicle payment be in Virginia before repossession?
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
Im not paying my loan what can happen?
You can get arrested if you have the money. You can get arrested if you have the money.
