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How can you avoid repossession of your vehicle if you are willing to pay in installments?
Wiki User
∙ 18y ago
Definately try and negotiate a payment deal. Don't take no for an answer, ask for managers, supervisors whoever you need to to make it happen. Be as honest as you can.
Wiki User
∙ 18y ago
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What should you do if your uncle is hiding a vehicle in your garage to avoid repossession?
Contact the lender and make arrangements for them to secure it. If it is discovered that you are assisting in hindering repossession, or when the vehicle is found to be in your possession, you could be criminally charged. This could vary from accessory to a felonious act to as serous as grand theft auto.
You returned a car you purchased because you could not pay for it?
That is called voluntary repossession. You will be required to pay the difference in what the lender sells the vehicle for and the balance on the note after that amount is applied to the loan. You did avoid repossession fees by voluntarily turning the car in. Your credit will also show this repossession for 7 years.
Can you lock your car in a fence to avoid repossession?
no
Can you object to a repossession before car is taken?
Yes, and many people do object to their vehicles being repossessed, before and after the repossession. Unfortunately, your objection will have little effect. If you are delinquent or in default on your loan, and the vehicle was used to secure the loan, the vehicle will be repossessed. There are few legal options available to you to avoid this aside from paying the loan current.
How can you avoid a repossession of a car?
Of course the best way to avoid repossession is to stay current with your payments. If that is not possible, don't just ignore it. Call you bank or loan company and explain the problem. Quite often you can reach an agreement that will forestall repossession.
How long does car ins have to pay a claim on burned vehicle?
The insurance company will run an investigation as to its cause, particularly since they do not want to pay for a vehicle that someone has burned the car to fraudulently avoid paying for the car or who is in the midst of repossession.
What will a car repossession do to your credit rating?
A repossession on your credit is NOT GOOD. Avoid it if there's anyway possible. You say the car is SOLELY in your name?? GO GET IT and sell it.
Is it against the law in Oklahoma to hide a vehicle from the repo man?
Yes, it is against the law in Oklahoma to intentionally hide a vehicle from the repo man. Doing so can lead to legal consequences and even criminal charges for obstructing repossession. It is important to comply with the repossession process to avoid legal issues.
How can you avoid the repossession of your car?
You can avoid repossession of your car by keeping tab of your car payments, discuss your situation with the creditor instead of ignoring them. Other things you might want to consider would be to sell the car to at least pay off some of what you owe, or file for bankruptcy.
To avoid being blinded by an approaching vehicle at night it is best to?
To avoid beiTo avoid being blinded by an approaching vehicle at night, it is best tong blinded by an approaching vehicle at night, it is best to
What are the repercussions of an automobile repossession?
First off you will be required to pay the repossession fees unless you voluntarily turned the car in. Secondly you will be required to pay the deficiency. The deficiency is the difference in the amount the lender sells the car for and the amount you owe. Let's say you owe $10,000 and they sell the car for $8,000. That leaves you owing the lender $2,000. Thirdly this repossession will be placed on your credit report and will stay there for 7 years. Repossession should be the last resort after you have talked to the lender and done all you can to avoid this. Sell the car to another individual even if you have to sell it for less than it is worth, then pay the lender the deficiency out of your pocket to avoid repossession. Have someone take over the payments. Whatever it takes to avoid this.
When another vehicle is about to hit you from the side and there is room in front of your vehicle you should do what to avoid the collision?
Speed up to avoid the collision.
