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Does the lender have to send you a letter to notify you that his repossess your car in G.A.?
Wiki User
∙ 12y ago
yes because they have to notify the owner
Wiki User
∙ 12y ago
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Does a lender need to notify you before they sell your car they repossessed?
Yes, they also have to send you official letter from auction at the price they sold it to deduct from the amount you own to the bank.
Where do you send a letter about changing your beneficiary?
you must notify your lawyer who has your will on file.
Can a lender repossess a vehicle if you send less than the asked for monthly payment?
AS long as you are in DEFAULT on the contract, the lender can repo the collateral. Usually that also means have full coverage ins also. Read your contract again.
Is there a letter or some notification a lender has to send the borrower to notify them of repossession?
Many states require a "Right to Cure and Notice of Intent to Repossess". This letter is sent if a lender accepts two or more late payments. States justify this because the lender is said to have accepted a different course of dealing than was outlined in the contract. The letter demands the customer return to the original terms of the contract and pay their total amount due within a period of days (usually 10). Requirements also varry based on lease or retail contracts. Some states off hand that do not require "cures": Indiana, Kentucky, Ohio, Oklahoma, New York, Pennsylvania, Michigan.
How can you get a paid default loan off your credit?
You can send a letter of request to the lender. Asking them to notify the CRA that your debt has been paid, and they request it be removed from your file. You may also write the CRA personally, giving them the necessary information.
What can you do to have your name removed as co-signer if the borrower signed your name?
That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.
Can they send an officer to your job to make you give the car back if they are trying to repossess it?
IF the lender has filed a writ of replevin, the court will send an officer to get the car. Some whiny repomen like to PRETEND they are cops, which is ILLEGAL. If it is a repoman pretending to be a cop, GET WITNESSES< VIDEO TAPE THE "REPO" and SUE everyone from the lender to the repoman.
When can a lender repossess your car?
Each lender will have different time periods they will allow before they send out an order for repossession, and their terms will usually be stated in the contract which you signed for your automobile loan. Technically, they could send out an order for repossession the moment you're declared delinquent on a payment, but most will usually wait at least a month before they take this course of action.
What is the legal course that must be followed by a lender repossessing a car?
After repossession the lender must send a letter telling you where the car is how much is owed on the car and where it can\d be redeemed. This letter must be sent within 5 day after the repo
If your lender sells your loan to another lender are they suppose to notify you that your mortgage was sold?
Yes, do not send anything to anyone who claims to have purchased the mortgage. Continue to send payments to the original mortgage company until THEY inform you otherwise. There is a scam out there where people get the mortgage information from county records then send an official looking letter. It's good for one or two mortgage payments to a mail drop and you end up being out a couple payments. Don't fall for that one. If you have any questions, contact your original mortgage company and verify the mortgage status
How long after a Chapter 7 discharge does a creditor have to take back a car that you did not reaffirm?
There's no rule. It may not be worth it for the lender to repo or take the vehicle. To be safe, you may want to send the lender a letter, certified return receipt, giving a time, date and place to pick the vehicle up. If the lender does not, be sure to keep the letter and green card to prove the lender abandoned it. Then you will want to get the title. You may have to sue the lender for it.
Do they have to send you a letter to let you know your car payment is due?
NO, you know when your payment is due. It is listed on the contract you signed. Miss a payment and they can repossess your car then next day.
