Repossession

Can your car be repossessed if you lose your job?

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2011-07-15 18:12:42
2011-07-15 18:12:42

No, but your car can be repossessed if you don't make the payments.

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Not for simply having your licence suspended. Now, if you lose your job as a result of it, and are unable to make your car payments, then it can be repossessed for nonpayment.

if i get my car repossessed, can they put a llien on the house?

Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.

if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed

Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.

When a car has been repossessed the person paying the insurance should cancel it.

Neither is very good, you lose your car either way. However I would recommend waiting for it to be repossessed because they may not take it. If you know for certain that they are going to take your car you should surrender it because it might make them slightly happier with you.

No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.

If they have already approved your loan, you won't get in trouble. If you have trouble paying your loan because you don't have a job, your car will be repossessed.

Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.

I have a welding machine on the truck they repossessed can they keep that?

With no job you might want to rethink whether you need a new car!

Yes, a car can be repossessed even if another car is in front of it. The person in charge of repossession the vehicle can call the police to help them get the car.

If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.

You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.

The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.

If you don't make your car payments.

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.

The only way to hide a car in Georgia if facing being repossessed is by filing chapter 13. If you have filed for chapter 13 it is legally ok to hide your car from being repossessed.

A car can still be repossessed if it has scratches or some slight damage. The current value of the car is normally used when netting off the debts.

The only way you can have your car repossessed would be to not make any payments. If you have taken out a loan and have not made payments, they will take your car away.

No! But you may lose your job if they find out you've been DUI!


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