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If the repo man is already after your car but it has not been reposessed can you typically still work out arrangements with the lender?
Wiki User
∙ 18y ago
To whom it concerns: The bank would rather have the money then your car so of course they would be willing to talk to you but tell them where your car is and make your payment and get a reciept .P.S.use your home phone and make your coversation short and sweet and have your car when you go to the bank when you do make your payments and dont procrastinate the longer you wait the more its going to cost you. I would have to agree with the previous poster. The lender would rather have the money than the car. They do need to be made aware of any change in address, phone number, employment etc. so they don't think you are hiding. If they think you are hiding, they will send it out for repo and demand full payoff if you redeem. You would not find yourself in the position of having a repoman after your car if the bank is in active negotiations with you. If they know where to find you and they have recently seen the condition of the vehicle then there is no real reason to hire us. It's the disconnected phones and lack of communication that gets us work.
Wiki User
∙ 18y ago
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After a car is voluntarily reposessed can a collection agency threaten legal action if they have accepted payment arrangements from one signer?
roosta Once the loan is in default, the lender can seek payment from ANY signors to the loan. After the car is sold, there is NO collateral for the loan except the ones who promised to pay . It is now time for them to pay.
How can you pay your mortgage with a credit card?
You can usually open an online account at the lender's website and make arrangements to pay by a credit card. For more information contact your particular lender.
Can you just pay interest on a mortgage to avoid default?
No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.
If one of two signatory debtors has made payment arrangements can the creditor garnish attach or do anything of that nature to the non paying debtor?
The lender can take no actions until they have a judgment against you.
Will your credit be damaged if you as a cosigner continue to make payments on a car loan when the primary signer declares bankruptcy?
GET the car(if you want it), make arrangements with LENDER to do what they will expect you to do anyway....NO DONT pay for it and YES it will be bad
Can you get a car back after it has been reposessed?
Yes until it has been sold by the lender, contact the lender and pay the bill
Can you go to jail for not returning a reposessed car to the lender?
in Texas u cant
After a car is voluntarily reposessed can a collection agency threaten legal action if they have accepted payment arrangements from one signer?
roosta Once the loan is in default, the lender can seek payment from ANY signors to the loan. After the car is sold, there is NO collateral for the loan except the ones who promised to pay . It is now time for them to pay.
What are the remedies when a lender agreed to accept payment in full the following day but reposessed the night before anyway?
Lesson learned: Lenders LIE !!!!!!!!!!!!!!!!!!!!!!!!!!
How do you stop foreclosure on deceased person's home?
You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.
How can you pay your mortgage with a credit card?
You can usually open an online account at the lender's website and make arrangements to pay by a credit card. For more information contact your particular lender.
Is it legal for the lender to repossess a vehicle after you made arrangements and they accepted a payment?
it is legal, until it is paid for 100% and you have a title it belongs to them.
Can you get a 15 year mortgage on a house that you already own?
Yes, as long as you meet the lender's requirements.Yes, as long as you meet the lender's requirements.Yes, as long as you meet the lender's requirements.Yes, as long as you meet the lender's requirements.
Can you just pay interest on a mortgage to avoid default?
No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.
What are Auto Loans?
Any loan means you've asked for money-on-credit from a lender. An auto loan money-on-credit from a lender, usually a bank, credit bureau, or dealership, given specifically to buy a car, and typically to buy a certain car that you've already picked out before the loan was approved.
Can you still renew your drivers license if you owe the lender due to repossession?
Yes. The DMV (Department of Motor Vehicles) has nothing to do with whether or not your vehicle was reposessed (nor do they care). This will, however, affect your credit and ability to buy another vehicle.
Can you sell a vehicle for less than you owe privately?
You would have to make the arrangements with the LENDER so the buyer could get the TITLE. Likely you would need the balance to pay off the loan before the lender would release the title.
