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If a car is repossessed and you are not contacted again should you contact and try to pay the balance?
Wiki User
∙ 8y ago
It depends on the contract you signed. Title loan places are not usually allowed to sue for deficiency balances. Everyone else will. so if you dont contact them, they will contact you. Interest is building up, your best option is to contact and try to set up a payment that you can pay. IF THAT APPLIES to the contract you signed. Good Luck
Wiki User
∙ 8y ago
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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.
What happens if your repossessed car is sold for more than you owed?
Randy, IF it sells for more than the unpaid balance, you should receive the excess.
Can you get your balance online?
Yes, with most banks. You should contact your bank for details.
How do you claim your personal belongings from a car that has been repossessed and can the storage yard charge you for them?
* You have to contact the storage yard immediately. * If you have proof of ownership take it with you. (You might not need this.) * If you have proof that the car is registered in your name take that with you. * The storage yard should not charge you for holding your belongings if you have contacted them immediately. They might charge you some fee if they have to go to some trouble to get your belongings.
What can be done about a bank that has contacted a person about a loan that is not listen on the loan?
The person contacted should inform the bank that they are not involved in this loan and that if the bank's information shows them as being involved then this would be identity theft. If the bank is trying to track down a person who signed for the loan but has defaulted or otherwise walked away from the debt, the person contacted should respond with the truth - either this person doesn't live here and I don't have contact information or with the contact information that the person has on the defaulter. If a bank is calling repeatedly after being told that the person being contacted has no information, this would be harassment and should be reported to either the police or the BBB.
Do i use Please contact me or Dan or please contact Dan or I?
You can say "Please contact Dan" or "Please contact me." Both versions are correct – it just depends on whether you want to specify who should be contacted or leave it open for the recipient to choose.
What should a person do if their Chapter 7 Bankruptcy has been discharged but a vehicle that was to be surrendered has not been repossessed by the bank?
A person immediately contact their lawyer to assist on issue.
Who should i call for unpaid over time in the workplace?
Have first contacted the management of your Company. If yes and no response, you can contact public compliant office in your state.
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
Do creditors have the right to refuse monthly payments on a balance due on a repossessed car?
READ your contract. It should deal with that issue. If you meet the conditions set forth by the contract, YES, they can refuse.
Are you still liable to pay if the vehicle is repossessed?
You are still responsible for the balance of the contract, in addition to repossession, collection, and legal fees. Added to this can be transportation costs, storage costs, auction fees. The car should be sold and the sale amount deducted from your contract balance. What ever is left is called a deficiency balance and your are still liable for it. Keep in mind that most repossessed vehicles are sold at a substantial loss (much less than for what is owed) and the additional fees can result in a higher balance than the original payout on the vehicle.
Your car was repossessed after being six months behind and then you get a call from the car dealer after two years trying to repossess the car are you still liable?
If the dealer calls you after the car has been repossessed, then you should inform them that you no longer have the car. They can contact the finance company to verify the information.
