READ your CONTRACT. Its that simple. If you are in DEFAULT of the contract, they can repo the collateral.
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'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 you keep on missing payments on your auto loan, there is a high chance that the vehicle may be repossessed by the bank.
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.
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.
Only if you stopped making payments and are behind on your on your payments.
You can start making your payments on time and avoid accidents