The person who bought the car didn't make payments so the bank takes it back.
If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.
You may be responsible for the difference in what you owe on the home and what the bank is able to sell it for. You are not still responsible for the payments.
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
I imagine that the car is now legally your responsibility. If you stop making payments, the bank that financed its purchase may try to take the car back, and your credit rating might be damaged.
If you are still making payments to the bank, then legally it is the property of that bank. If you fail to make the payments, the bank reserves the right to take back their property. Property can usually be returned to the purchaser if the the purchaser can make the payment in full, within a certain amount of time set by the bank.
Yes, Orchard Bank online payments are legal payments. Making online payments is faster, easier, and often more secure for both the person making the payment and the bank itself.
When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy
In MOST cases, if you pay the repo fees and catch up on your payments, you can get the car back. Sometimes, however, the bank will want you to pay the entire balance.
A bank credit is when someone takes out a loan from a bank where they are not required to pay the debt back immediatly and a payment schedule will be made.
You will have to ask your bank about that. They are in control now.
You can be sued from the bank or creditor
Hurt your credit and pride. Also it hurts your relationship with the bank. Try hard to make your payments and get back on track. You can't do anything without credit, so build it back up.
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
Online payments must go to a bank account. Using a routing number for the bank being used and the account for which it is being placed.
no,you should have title.
bank takes back
Orhcard bank will allow online payments. The payments could be for anything. YOu can pay your mortgage, utilities, and even credit card. They have made enrolling very quick and easy.
Yes. And if he does he will become equally responsible for paying the mortgage if the primary mortgagor defaults on their mortgage payments. The bank will go after him for 100% of the debt.
Then you still owe the bank.
You will need to be more clear on what you mean by out of business. In most cases today all of your assets are protected by FDIC and the bank will be seized. In this case, normal operations will continue for the bank. It will be a good idea to verify that the payments are coming out ok.
Payments can be made from out of the frozen accounts simply by authorizing the bank to transfer the money in the frozen account directly to the creditor.
No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.
Replacing your bank card will have no effect on your monthly payments. The amount you have to pay each month is dependent on your account balance !
How long it takes for a bank draft to clear depends on where the back issueing the draft is located and where the draft is submitted for deposit.