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READ your CONTRACT. Its that simple. If you are in DEFAULT of the contract, they can repo the collateral.

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โˆ™ 2015-07-15 18:40:59
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Q: Can your car be repossessed in Missouri if you are making payments but 45 days behind?
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Can your car be repossessed if it was in an accident and nearly totaled?

If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.


Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?

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.


Can furniture be repossessed if payment has not been made in 6 months but you start back making payments?

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.


Can a vehicle be repossessed if you allowed a military person to take over vehicle payments and he has not paid anything?

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.


Should I keep making payments in a VW diesel car?

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 a financed vehicle is contracted with another person who is not making payments can it be repossessed?

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.


If a car is repossessed and you agree to make some kind of payments ever month will they still list it on your credit as a repo?

Yes but it will also list that you are making payments!


Can you still owe money on a car that was repossessed and resold to another buyer?

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.


Can you get your repossessed car back if you file Chapter 7 bankruptcy and start making payments?

You will have to ask your bank about that. They are in control now.


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.


Can your car be repossessed by the car dealership if you never gave proof of income?

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.


How can I lower my car insurance costs after I fell behind in my payments?

You can start making your payments on time and avoid accidents


My husband died a year ago. Can the finance company repossessed my deceased husband's vehicle although I have been making timely monthly payments?

no


What is the difference between a normal boat and a repossessed boat?

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.


Can a car be repossessed if involved in bankruptcy?

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.


Car was repossessed with no letter of intent sent no notice of actionwas law violated?

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.


What is your recourse in Texas if you was paying for a car to an individual who was not making payments to his lienholder and the car was repossessed?

Do you have anything in writing??Cancelled checks???Your only recourse is to sue the individual who took your money.


Can someone garnish a cosigner for a car and garnish the primary also?

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.


Can your truck be repossessed if you are using it for income?

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 you file Chapter 7 Bankruptcy can the lien holder on a car already repossessed that you are making payments on still collect?

IF its filed properly,NO. Why not ask your B/K attorney this question??? That's what you pay them for.


If you put new tires and rims on a car and it gets repossessed can you somehow get those tires back if you still have the factory tires and rims?

Only after making all of your back payments, otherwise your SOL...


What can you do about an affirmed debt that is behind?

Call the creditor and try to work something out, until you can start making regular payments again.


You are making payments on your car but are behind. can they still repo your car?

Yes, they can. Consistent communication is the car-key to your vehicular retention.


Truck with loan co signer on it the cosigner is your soon to be ex husbands mom you live in Texas the cosigner made one payment you were behind and ex took the truck can he do that?

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.


Can you keep a vehicle after filing chapter 7 if they have not repossessed it?

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.

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