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probably yes, but it would be great if you will keep it and if its the financial issue that pushes you to take the car back. There are some remedy so that you can just keep your car.
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∙ 15y ago
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Which products are available from City Loans?
City Loans offers fast cash loans over the internet. There is never a credit check because they take the title to your automobile as collateral. Once you have paid back the loan and any incurred interest they will give you back the title to your car.
How do you get rid of a financed car and or leased car?
Get someone to take over payments, via an ad in the paper. Trade it in, or give it back to the bank, and take the hit on your credit.
If you financed a car a year ago will the bank take it back if you tell them you cant pay it?
Yes, They will take it back if you give them no other option. Of cours eyou will suffer the credit consequences.
If you signed all the paper but did not make the down payment can you back out of the car deal?
If you signed all the papers but did not make the down payment, can you back out of the car deal? No, once you sign the paper you are locked in. If you back out you will take a credit hit.
What do you do when you need a car but have no credit?
You Take the bus.
If you bought a car and the title and loan are in your name but you allowed a friend to take over and now the friend has stopped making payments can you take the vehicle back?
As long as the title and loan are in your name the car is yours. Any payments missed will effect your credit. Take the vehicle back, now.
Does a repossession stay on your credit report if you get the car back?
YES
If you default on credit card payments can they take your car?
no
How long is a car repossession on your credit report after you pay it off and get the car back?
7 years
What happen if have car loan with a bank an you no longer need that car because the monthly payment is high can you take you back an get less one an will you continue with the same bank?
No, you are obligated to pay the loan you agreed to. If you give back the car (a voluntary repo) it will seriously affect your credit.
How can one obtain a cash loan if they have bad credit?
You can obtain what they call a "Payday Loan" if you have bad credit. Just take along the title to your car and it will be used as collateral for your cash loan. Of course if you don't pay back the cash loan they get to keep your car.
How can one get out of a very bad credit car loan?
The best way to get out of a very bad credit car loan is to pay it off or let the company take back the loaned car if applicable. If someone is having hard time of paying off his or her car debt he or she must ask the help of some consolidating expert.
