Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
It has the same effect on the credit.
YES, usually you pay MORE down payment and/or higher interest rates.
A car can still be repossessed if it has scratches or some slight damage. The current value of the car is normally used when netting off the debts.
It would look better on your record (For future loans) if you turned in the RV voluntarily.
You end up with HORRIBLE credit if you don't pay your bills and you let your possessions get repossessed.
Call the lender, and make some kind of arrangements. Do not let your car get repossessed. You will be responsible for the balance on the loan. no
You have no choice.
if i get my car repossessed, can they put a llien on the house?
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
The lender should let you know, you can contact them and they should tell you.
You are lucky. If you cannot make the payments contact the lender and try and work something out. If not voluntarily turn the car in yourself. You will save yourself the repossession fees.
No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.
No, but your car can be repossessed if you don't make the payments.
mine was charged, i left the junker at the car dealership and when i finally got sick of paying for a car i hadn't touched for months, they repossessed something they had possession of.
You certainly can. Its illegal NOT to let you get your PP. There will be a charge for inventory and staorage of iy.
If you have a locked gate, they will find you vehicle and reposses it (even if you are in a public parking lot). My suggestion to you is voluntarily submit your vehicle to the lender. Call them first to make this arrangement. If it's too late, then let them take it.
While most creditors will allow you to have your vehicle voluntarily repossessed, some lenders will not accept them. Your best resolution in this case is to contact the finance company and determine why they will not collect the vehicle. Ensure that they are indeed accepting the voluntary repossession. You will still be required to pay the remaining balance unless you are told otherwise.
They will then sell the car and you will be responsible for the difference in what the car sells for and the balance on the note. Don't let it happen. Contact the lender and work something out.
YES, read your contract.
Chris, I dont know the answer to the question YET. I will find out today. Email me latyer on and Ill have it for you. What does the lender "say" they will do???
if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed
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