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Until the Statute of Limitations tolls on the judgement.

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โˆ™ 2015-07-16 19:23:02
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Q: How long can they try to collect money from a repossessed car?
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Related Questions

Can the lender collect the rest of the money you owe on a car that they repossessed?

In most cases, YES


Can a car be repossessed when 1 payment is left?

As long as you owe them money they can take it.


Can they repossessed the car if you just owe the last payment?

The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.


Can a car be repossessed if money is owed to mechanic?

Yes


Can your car get repossessed after bankruptcy?

not if you still owe money on it


In Utah can your wages be garnished for a car that was repossessed?

You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.


How long after your car is repossessed do you have to pay what is owed?

It depends on which state you live in really. I lived in Louisiana and my car was in my mothers name she decided not to pay and it was repossessed well 11 years later they contacted me again and requested the money for the car. But that was in 1994.


If your car was just repossessed will they let you get it back if you have the money and how long will it take to get it back?

get it back?? prolly, depends on your payment record,ect. They really dont want the car, they want the MONEY. How long?? a day or two


What are the rights of a person who Co signing a church car loan and the car is repossessed with the bank trying to collect?

I wish I knew


Approximately how long after your car is repossessed do they come after you for the deficiency?

As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.


Can you buy another car even though is repossessed?

If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.


Can your car be repossessed after filing bankruptcy if you are up to date on payments?

On the surface, no. As long as you have not defaulted on the loan contract, there is no reason for repossession. The lender wants your money, not your car.


What will happen to a car once it is repossessed?

It will be auctioned off and the bank will want to collect the difference of what it sold for and what your loan was.


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

Yes


After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?

The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.


Can you still owe money after your car is repossessed because of the recall?

If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.


Can your car be repossessed if there are children's safety seats in the vehicle?

Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.


Who pays the loan if a car is repossessed?

The one who BORROWED the money and/or the on who COSIGNED the loan.


F a car was repossessed two years ago and you put an old car that a friend had on the road can they come after that vehicle for the money still owed after auction?

No. They can repossess their collateral (the car which was repossessed), and they can send a collection agency to hound you for money, but they can't confiscate your property.


Can police refuse to release a repossessed car that they hold?

It depends on the reasons the car was repossessed and what the local laws are. If the car is being held as evidence or to be processed for evidence, it can be held as long as it is needed.


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 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.


How long do you have to redeem your car in California after it has been repossessed?

10 days


If you put a lot of money in fixing up a car can you get the parts you installed back after it is repossessed?

NOPE, they are part of the car.


Can your car be repossessed due to no registration?

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.