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YES, co. "A" will probably redeem the car and fuss at you for letting it get repo'ed. You might better get it covered quickly. Good Luck

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โˆ™ 2015-07-15 21:40:06
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Q: Can your car be repossessed if it is also being used as collateral on another loan?
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The Lateral Collateral Ligament

What happens when you take a car out of state when it is being repossessed?

I can can be legally repossessed no matter where it goes in the USA. As long as the repossessor can find the car and identify it as the one to be repossessed. It may not be cost effective if it is a long distance unless the vehicle is of greater value than the cost of returning it and paying someone to do that. They can also wait until you return.

How can a person find and buy repossessed cars?

Repossessed cars are usually auctioned off in the county they were repoed in, you can also try this link to help find repossessed cars,

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Where can one find information on repossessed car auctions?

You can find information on repossessed car auctions on websites such as Absa (under repossessed cars), AutoBidMaster and RepoDirect. Depending on where you live there can also be local sources of information.

If my car was repossessed can i get another auto loan?

Yes, but it might have to be a place that carries their own paper-which means more interest if no one else will do it. It also depends on circumstances. (Was it voluntary)

If you are being sued as a cosigner on a repossessed car for a bankrupt limo co in NJ will this lawsuit follow you if you move to a different state?

It would depend on why they are sueing you and also what the disposition of the bankruptcy is.

Is the Tibial collateral ligament joined to the joint capsule?

The tibial collateral ligament is also known as the medial collateral ligament and is joint proximally to the Medial Condyle of the femur and distally to the body of the tibia a little bit below the condyle level. No

What kind of collateral is used for a personal loan?

It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.

What happens when a car is repossessed and you are the cosigner?

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The person who is loaning the loan has to give collateral in exchange for it with lowest interest rates. Also to get one you have to present proof of your monthly income, and a valuable you can use as collateral.

How might one purchase a bank repossessed car?

Buying a repossessed car today can be a great way to save money, but be careful to inspect the car to be sure there are no hidden problems since they are typically sold "as is". Some dealers specialize in repossessed cars and you can also find them at a local auction.

Can a replacement window be reposessed?

Yes and no it depends on the circumstances. For instance is it to a car or home. Anything can be repossessed if not paid for. Also if not repossessed it will have to be paid for if you're in the wrong and the person or company takes the matter to court.

If you break up with your boyfriend can you have his motorcycle repossessed if your name is one the title?

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What circumstances other than overdue payment permit a creditor to repossess collateral?

The answer to this question depends on your contract terms. Usually, a contract will spell out what constitutes a default. The contract should also say that if you default, they can repossess the collateral.

How to you buy repo car from bank?

Many banks will have a list of repossessed vehicles at their branch offices. They may also have a list of these vehicles on their website. Some banks auction off cars that are repossessed and they wind up at used car lots.

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Can an ex-spouse be responsible for a repossessed car also if they are the first one on the contract?

YES, IF YOU ARE ON THE CONTRACT. but that also means you have rights to the car as well as the ex spouse....if he lets the car get repossessed it will also effect your credit.... we have live consultants that can help you with this specific situation try our website DO NOT LET YOUR CREDIT BE RUINED OVER AN EX!

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Can the bank come back to you for the difference of the loan after the car has been repossessed and auctioned?

yes they can...but it also depends on state laws too

What do you do if your car got repossessed when it wasnt supposed to?

If it truly was a wrongful repossession, call local law enforcement and report the vehicle stolen. If they notify you that it was repossessed, inform them that it was a wrongful repossession. Next, contact the lender and demand politlely that they notify the repossession agency that the vehicle was wrongfully repossessed. You might even, still politely, suggest some sort of compensation for you inconvience. Also ask for the contact number of the repossession agency. Call them and notify them also of the wrongful repossession. Suggest also to them some sort of compensation for your incovenience. Vehicles that are wrongfully repoed must be returned as soon as possible and in the same condition as when taken. If there is damage, the lender and the repossession agency are liable. If you are not satisfied with how quickly your vehicle is being returned, push the auto theft charges.