If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.
Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.
Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.
it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.
If you keep on missing payments on your auto loan, there is a high chance that the vehicle may be repossessed by the bank.
If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.
Yes but it will also list that you are making payments!
yes. When a vehicle is repossessed by the bank it doesn't mean that you stop making payments. You are still liable for the loan.
You will have to ask your bank about that. They are in control now.
Only if you stopped making payments and are behind on your on your payments.
If you are not making the required payments to the finance company that holds the lean on you car it may be repossessed. Proof of income is not required or relevant.
You can start making your payments on time and avoid accidents
A repossessed boat is a boat that the bank or company has taken back from you because you neglected or were unable to make payments to legally own the boat. A normal boat would be a boat that's owned by a person who's either making the payments on time or already has it paid off.
Depending on your state... a car that is included in a Chapter 13 Bankruptcy cannot be repossed. The Bankruptcy laws protect you from repossession. Just as long as you are in Chapter 13 and are making payments to the Trustee, your car cannot be repossessed.
Your car can be repossessed at any time without any warning if you aren't making your payments. It is probably in your paperwork in the fine print what happens when you don't make your payment.
Do you have anything in writing??Cancelled checks???Your only recourse is to sue the individual who took your money.
In the State of Texas, the answer would be "YES" as both parties signed for the car loan and both are responsible for the balance due. I was the primary signor but the cosigner had the car and was making the payments. Then she stopped making payments after owning the car for 3 years and the car was repossessed.
Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.
IF its filed properly,NO. Why not ask your B/K attorney this question??? That's what you pay them for.
Only after making all of your back payments, otherwise your SOL...
Call the creditor and try to work something out, until you can start making regular payments again.
Yes, they can. Consistent communication is the car-key to your vehicular retention.
It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.
You can only keep the vehicle under two circumstances: (1) sign a reaffirmation agreement and keep making payments; or (2) redeem the vehicle by paying of the balalnce. If you fail to do either, they lender can get permission from the bankruptcy court to repossess the vehicle. In some states, such as Missouri, you may keep the vehicle if you continue to pay on it.