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∙ 16y ago
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Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Can you add a previous car loan into a new car loan?
No, it is not possible. Your previous loan must be completed to get a new car loan
What happens if don't pay the car loan?
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
How can a minor get a car loan?
A minor can not get a car loan ithout a parent signing the papers.
Can you get a loan modification on your car?
Car loan modification is one such option to avoid repossession of your car. So what happens here.... the service provider(loan modifier) studies your loan history and they directly deal with the lender and they modify your car loan .... meaning they help you in Reducing payments and keep your car, boat, SUV or truck.
Can you take bankruptcy on joint car loan?
Yes, but the bankrupcty applies only to the person filing. The other party would still owe the debt.
Car title your ex-husband did loan paperwork but I signed it whim through a bank in Texasmilitary have clean title in my name only and filed bankrupcty. Haven't pad on car in a year. Can I sell it?
If you haven't paid off the car, the bank technically owns it. Therefore you can not sell it.
Can you refinance your mortgage during bankrupcty?
No, you can't borrow any more $$$$ while you are in bankruptcy. Even on an existing loan. It is against the law.
What if someone sold you a car without the title then told you the car under bankruptcy?
i have a person who sold me a car under bankrupcty, and i need the title . gow can i tell if its still under or not?
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Can you add a previous car loan into a new car loan?
No, it is not possible. Your previous loan must be completed to get a new car loan
How can you calculate your car loan by myself?
(car loan * APR + car loan) / 12/ amount of years. i think
How do you get out of your car loan?
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
If you have filed for bankrupcty how long can you keep your car before you have to surrender it?
Until you either "reaffirm" the loan, or until your bankruptcy proceedings are over and you are told by the court to turn the vehicle in...usually 3-6 months. Additionally, to "reaffirm" your car loan commitment, you will have to pay all late payments before the end of the court proceedings...usually in 3 to 6 months. Until that, the creditor may not be able to get your car. Not too technical here, but the creditor can file a "Motion" to take your car and if the judge thinks you won't be able to fulfill your obligation, you lose. try www.nolo.com
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Can I get out of a car loan if I did not buy the car?
If you did not buy the car it depends on the creditor. Some will void out the loan, others will not. If they do not void it then you have all the money from the loan... so you can pay the loan in full immediately. I think it is not very good to get a car loan if you didn't buy he car. it is just my opinion!
