Only if you stopped making payments and are behind on your on your payments.
no they cannot
i think so:D
No, they'd repossess your car.
No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.
when you arent making payments for several months when you dont pay your taxes
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
The arrears should be addressed in a court order so that an additional amount is added to the regular payments. If arrears have been established by the court then review the court order for the payment schedule.The arrears should be addressed in a court order so that an additional amount is added to the regular payments. If arrears have been established by the court then review the court order for the payment schedule.The arrears should be addressed in a court order so that an additional amount is added to the regular payments. If arrears have been established by the court then review the court order for the payment schedule.The arrears should be addressed in a court order so that an additional amount is added to the regular payments. If arrears have been established by the court then review the court order for the payment schedule.
as long as you keep making payments the lender will probably not repossess the property. however, if you miss one payment the lender can repossess the property at any time.
In accounting, 'arrears' refers to debt that is overdue. For example, if someone were making monthly child support payments and skipped a month but paid the rest, the skipped payment would be considered 'arrears'.
No. You are the primary borrower and are honoring your financial obligation.
Yes, if you are not making the payments the bank can repo your truck.
They should since they are just as responsible for making payments as the primary.
You are not clear about who you're making payments to: the mortgage company for your mortgage, or to the association to pay assessments that are in arrears. If you mean payments to make up arrears, and the association filed a lien on your title, review the agreement that you made with them about making payments. It's possible that filing a lien is part of your agreement in some way. Or, that the association has filed a lien against you in error. If you mean payments to pay your mortgage, and you are not paying your assessments, your association filed a lien to collect monies that you owe in past-due assessments. (You have to pay both: mortgage and assessments.) If your assessments are up to date, check with the board to better understand why a lien has been filed by the association on your title.
Not unless your bankruptcy did the right things to allow you to keep it. If you are not in arrears in your mortgage payments before filing, you have to continue making the payments - preferably before the due date. If you are in arrears, you must file a chapter 13, with a plan to pay the arrears and whatever part of the unsecured debt you have to pay. Once the plan is completed, you can keep your house. If you get behind in your post-petition payments due, the bank will apply for relief from the automatic stay and you will lose your house.
Sure, you just lose the car.
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
They can repossess your car if you defaulted on the loan. You knew you owed the money and you knew you didn't receive a payment book. It was your obligation to contact the lender to arrange to make your payments. You should seek the advice of an attorney who may be able to negotiate with the lender on your behalf. Not making your payments for your debt on such a technicality is really dangerous.
carolene, normally, banks dont turn accts ovet to CA unless the payments are NOT being made. Have you bothered to call the bank and inquire as to why this is happening?
Yes, they will. If the amount you are getting back is more than the amount you owe, they will seize the entire refund. It's happened to me twice. I am currently up to date and have almost paid of the amount I owed, but they will take it if you have back child support payments. Fathers get their returns taken who are not in arrears. see links below
If your financial situation allows, I would advise filing bankruptcy, then you won't have to pay anything and the law firm will have to eat its money from the card company. If you made an agreement that you would pay the regular (minimum) payment plus something on the arrears, I would argue they are in violation of your state debt collection laws. If you just resumed making payments, with no payment of the arrears and late fees, etc., they can indeed go after a judgment.
Yes they can even though it is on your private propery since you have no longer been making the payments the bank owns it and it is their property and they have the right to retrieve it
Why would a dealer ask for a car back? If you are referring to how long he has to repossess the vehicle after you stop making payments, the answer in most states is immediately.
That would be at the lender's discretion. Call and ask. Banks don't like to repossess and if you are making an honest effort to correct the default they will probably go along with you.