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If a lender says you cosigned for an auto loan in which you didn't and is now in default what options do you have?
Wiki User
∙ 19y ago
A lender "saying" you co-signed for a loan has no meaning. Loans are not granted on what people say, but on a contract they sign. If a loan was opened fraudently using your identification and your forged signature, you can file a police report and an affidavit with the Federal Trade Commission.
Wiki User
∙ 19y ago
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If you cosigned a loan and then went bankrupt and the original loan person skipped on the loan are you now liable as the cosigner even though you went bankrupt before?
Yes you are still responsible, especially if you didnt put it in your Bankruptcy, Any obligation you dont include you are still responsible for
Is it a repossession when the bank couldn't finance you and the dealer had to take car back?
GOOD question. Read the contract. Were you in default of it?? Why didnt you TAKE the car back? Why did they have to come get it?
What can you do if the repossession company will not respond to your calls to arrange a time to get your personal property?
Scott, CALL the lender ASAP. lender is ultimately responsible(legally) for returning personal property. Repo cos. are just their agents. Lender can tell repoman to give up the PP or lose business. Did that, called the lender and they called the repo guy. The lender told me it was up to me to keep calling the repo guy and set up an appointment. Repo guy said he would call me back, still has not done that. The lender is saying it is up to me to chase him down, he will not return a call. Said it was my property and if I really wanted it I would keep calling him until he set up an appointment for me. Scott, sorri I didnt check for a response from you. Most folks dont respond. This lender is not acting "normal". Have an attorney call them. That should stir the pot a bit. Email me if that doesnt get results. Do you know the name of the "alleged" repo company? Scott, Stop wasting your time with calls.Stop dealing with the repo moron most of these guys are scumbags and thieves(i think it is a prerequisite to be in the business). Send a letter to the lender and demand that THEY return your property!They are the ones who have stolen it.The repo chimp is an agent for the lender so in legal terms the lender has stolen your property.In your letter list the items and their value and inform the lender you are not paying any fees or signing any waviers to get your property back.Also inform them that they will be responsible for any costs you incur to recover your stolen property(legal fees,court fees,your time etc.)Do not wait for a response from the lender; go and sue the lender in small claims court.If the amount exceeds your state's small claim limit file anyway and then look for an attorney with some guts.Good Luck!!
Can your utility trailer be repossessed with your equipment inside if you are current on your payments but you owe them a personal loan?
The only way that they can legally repo your trailor is if you default on that loan or if you listed the trailor as calateral for the personal loan! if you didnt put the trailor as calateral then no they cant touch it!
If have a voluntary repossession in the State of California are you still liable to pay off the loan?
In California, yes. In some states, no (i.e., Texas). There is no legal difference for deficiency balance between voluntary and involuntary repossession (it should cost less to just pick your car up than it does to have an involuntary repo, which would save you some money if you are going to pay off the deficiency balance). However, you might be able to come to an agreement with the lender to make reduced payments and keep your account current and your credit good. This is all assuming the lender is not able to sell your car for as much as you owe them. If they sell it for more (including costs of repossession and sale) then by law they must refund the difference to you. If you think about what that would cause IF it was true, you would knnow the answer. Did you read your contract??? If you were a LENDER, would you loan money in a state that didnt allow you to collect the balance owed if the debtor did a Voluntary repo???? That would only serve to drive up the costs to those debtors would DIDNT do a voluntary repo. ??YES.
Statute of limitations met on vehicle cosigned on 2001 daughters car now being threatened w payoff options by collect agency stat of limit met 1107.what are options didnt' know it was still an issue?
If the statute of limitations has expired, the collection agency is just blowing smoke. Tell them that you know the statute of limitations has expired and they have no right to harass you.
Your car is broke and you cant pay for it you called the lender to come and get the car but they didnt get the car when can you assume the car is abandoned?
No
When you beat a Pokemon in LeafGreen it didnt ask you to switch Pokemon why is that?
Assuming you are facing a trainer who has atleast one more pokémon left, it is the default setting to ask if you want to switch. If it no longer asks this, go into Options > Battle Style. Change this to Shift intead of Set.
What does charged off mean on a auto repossession?
It means the lender wrote off the interest they DIDNT get from the debtor. Its just an accounting term.
How do you get the achievements on nba 2k11?
I didnt know why i couldn't get the achievements at first but then i realised that for the achievents to work you must have your gameplay set to default. Default rules and you cant have simulation or arcade on you must have default game sliders. you can change the difficulty and minutes per quarter.
Why should a OS have applications like web browsers and mail programs?
By default, if you didnt have a webbrowser how would you browse to find a new one?
If you cosigned a loan and then went bankrupt and the original loan person skipped on the loan are you now liable as the cosigner even though you went bankrupt before?
Yes you are still responsible, especially if you didnt put it in your Bankruptcy, Any obligation you dont include you are still responsible for
If a car that you are buying from an individual was repossessed because he filed for bankruptcy can you get it back?
NOT if it was repoed by a lender. You had NO standing in the contract between the lender and the B/K person. You should have watched the B/K person closer so you didnt get burnt. Next time buy from a car lot or bank.
Can the lienholder repossess a car if it was only delevered to them to allow them to collect on the forced insurance they took out but you paid for by increased payments?
YES, you were in DEFAULT by NOT having your own coverage. READ the contract. YOU agreed to maintain your OWN comp. coverage tonprotect the collateral. You didnt. This is a common misconception that lender placed ins. is the same as comprehensive coverage by the debtor. Yes but that was a lousy way to do it. Did you honestly expect the lender to let you ride around in the collateral with NO ins.?? If you are sooo broke that you cant afford the ins., you surely cant afford the ticket for NOT HAVING IT. Or can you? Read the question he was already paying for the increase!!!
Is it a repossession when the bank couldn't finance you and the dealer had to take car back?
GOOD question. Read the contract. Were you in default of it?? Why didnt you TAKE the car back? Why did they have to come get it?
What can you do if you notice major damage to the car when you get it back after repossession?
ANY claim about anything is subject to have to be proved. Sooo, get some sort of proof and contact the LENDER ASAP. Got any pics of the car the day before repo? Any reciepts from the week before when you had that repaired or noted that it didnt need repair? Anything like that? Do not waste your time contacting the lender instead sue the lender and the repo moron for the damages.
Is suresave America a ligitimate company?
Yes, they helped me with my several real estate issues and provided better answers then the banks had for me. Not only did they give me options i didnt even know existed, they didnt charge any fees until I had a resolution in my hand.
