good answer to check with the legal officer. the SSRA provides for max 6% interest while deployed. this depends on when you signed the contract,ect.
Have your unit legal officer check the Soldiers and Sailors Civil Relief Act. The debt will not be forgiven, but it MAY be delayed without interest for the duration of your deployment.
Not really. if they gave the car back, well ok, if they kept the car you have investment in the car that you can use on your side. They are probably showing you who's the boss. Be nice to them and work with them.
If it is too difficult to maintain payments on a car loan, it is possible to voluntarily give it back to the creditor or dealership. In some states, however, a creditor can sue for the remaining balance owed on the loan.
Question is not clear -however- - a creditor on some other debt cannot legally seuze your car in paymnet of HIS loan. The reason being - you do not actually own the car. It is owned by the creditor who holds the car loan. If this is what happened to you - notify the police and your car creditor immediately!
Yes but then no, you can' get your car back. It actually depends on if you buy it or if you gave your car to a friend. You most likely can't get your car back if you take it to a shop can have them fix it up then sell it. This is your answer to the question, "Can you get your car back?"
Yes, its SO wrong. Same thing happened to me and the day I was to wire them the funds, they repoed my car. So, I got an attorney, filed bankruptcy and they gave me my car back. Now, they will get 1/2 of what we agreed on. Idiots.
If a car is repossessed it is usually up to the creditor, what terms and conditions have to be met to get the car back. Included with all the payments missed, there might also be fees like towing, late fees, etc. The creditor is probably going to want all of this paid up front to get the car back.
If you have signed a loan contract with a bank for the money to buy a car you are resposable to pay the money back.
depends on the car
If he gave it to her within two years of his death, the executor can pull the asset back into the estate to insure creditors are covered. Consult a probate attorney.
A creditor is a person or organization to whom one owes money. A secured party creditor is one who has a lien on tangible property, such as a car or house, until the money is paid back.
If you don't reaffirm the debt, then the creditor has the right to repossess the car and sell it at auction to recover the debt owed to them, irregardless of what equity that you've paid. If you wished to keep the car, then you should have demanded that your attorney reaffirm the debt with that particular creditor.
Unless you are a creditor, I assume you mean can you surrender a car to the lender in a voluntary repossession. If the creditor will do it, you can. Obviously it will depend on the mileage and condition of the car, but these days it is complicated by the state of the economy, so not likely. You can surrender the vehicle in a Chapter 7, where the creditor has no choice.
Return it to the dealer for replacement.
Your creditor made the mistake so they have to correct the problem and give you your car. You should not be charged for anything! I highly suggest you contact them and tell them if they dont give you your car back you will be seeking a lawyer, for incovenience and what ever other charges you can make without having your car to go to work
You cannot be arrested for not surrendering a car. Make arrangements for the creditor to retrieve the car. If not, the creditor can repossess the car because the discharge terminated the automatic stay.
Depending on your contract if they still have the car just give them their car back and what ever they gave you for your trade in so if they gave you 1000 for your trade in then give them 1000 for your car back but first make sure you read over your contract because you might be able to get out of the contract befor a certain amount of time.
A creditor cannot reposses a car without BK court approval (i.e. relief from the automatyic stay). However, if you do not keep paying the car loan, a BK will allow a creditor to reposses the car.
It really depends on the type of bankruptcy petition you file. If you file for Chapter 7 bankruptcy the creditor who put the lien on your car may be able to take your vehicle. If you file for Chapter 13 bankruptcy you'll have the opportunity to make payment arrangements with your creditor and in that case you should get the title back after all of your payments are made and your amended. contract with the creditor has been fulfilled.
no because they are gits
The creditor reposseses the car, and you take the bus.
In order to trade in a car you must be the only owner listed on the certificate of title. If a creditor is listed on the title that creditor must be paid off from the proceeds from selling the car or from the new loan.