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You need to give the car to the lender - if they are too far away then you need to call them and tell them where it is and ask them how they want to get it.

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โˆ™ 2015-07-16 19:24:53
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: How do you voluntarily let your car be repossessed?
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Related questions

If you LEASE a car and have it voluntarily repossessed will you still owe money on it?

Yes


If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?

Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost


How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?

It has the same effect on the credit.


If you have a car voluntarily repossessed can you get another car?

YES, usually you pay MORE down payment and/or higher interest rates.


Can you let a car be repossessed with scratches on it?

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.


If you cannot pay loan on RV should you voluntarily turn the RV in to the lien holderor let the RV be repossessed?

It would look better on your record (For future loans) if you turned in the RV voluntarily.


What happens to your credit when your car is repossessed?

You end up with HORRIBLE credit if you don't pay your bills and you let your possessions get repossessed.


You have one day before your car is repossessed is there any payment options?

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


If your car has been repossessed and you cannot pay what you owe should you let them sell it?

You have no choice.


What happens if you get your car repossessed?

if i get my car repossessed, can they put a llien on the house?


How can you find out if your repossessed car was sold?

The lender should let you know, you can contact them and they should tell you.


How can you locate your repossessed car?

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.

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