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Can you repossess a car from your ex if they are not making the agreed upon payments?
Wiki User
∙ 12y ago
i think so:D
Wiki User
∙ 12y ago
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Can the cosigner repossess the car if the person is not making the payments?
If the co signers credit is going to be affected because of the lack of payments from the payee, and if the co signer is paying for the payments, then yes the car can be given over to the co signer, especially if the payee is not paying for the car that was agreed upon. check with the finance companies, and your local state, county laws.
Can you repossess a car from your ex if they're not making the agreed-upon payments?
Doug, you are not 'repoing" as such. you are only taking possession of collateral you are responsible to pay for. GO GET IT and have the lender take her name off the loan IF yours is the best, strongest credit. Rem that taking her off the loan is up to the lender.
Does default means does not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
Does default means not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
What is meant by having a bad loan?
The term bad loan refers to loans where the borrower has not been making payments as originally agreed upon by the lender. Bad loans are often never repaid.
How do you repossess my car?
Firstly, is not "your" car ... The lending institution actually "owns" your car and can legally repossess it whenever the monthly payments are not being made as agreed upon when the initial loan was signed by the buyer.The lender is entitled to recover their property by most any means. And is is their right to resell that car to anyone they choose in order to recoup their losses after not being paid by the original buyer.Miss a payment, lose the car ... simple business. After all, they have your signature on a document that states you promise to make monthly payments or face the consequences.
Can a bank repossess if you are making the agreed upon partial payments?
They can repo anytime you are in DEFAULT of the contract. 2010-09-21: Also, in addition to the answer: While the bank can reposses when the repo clause comes into play, I don't know of any instance that once a bank agreed upon partial payments, they reneged and repo'd the vehicle anyway. Remember: they'd rather have the money than the car. If it comes to haveing it repo'd through a repo company, the bank would still rather have their money than share it with a repo company. The person at the bank that you speak to is being watched by the bank manager, etc., blah blah, and he or she would rather keep good information on the books. He or she, as far as my experience, will help you in your situation.
What is the difference between sales and cash sales?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
What is different between sales credit and cash credit?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
What is the duration of Lies Agreed Upon?
The duration of Lies Agreed Upon is 3360.0 seconds.
If on loan modification can they still report you late?
Yes if this is a "trial modification". Once the modification is finalized and you make the agreed upon payments on time, it will report as paid on time.
When was Lies Agreed Upon created?
Lies Agreed Upon was created on 2011-08-01.
