Only if you stopped making payments and are behind on your on your payments.
Yes..... I did
it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.
You can start making your payments on time and avoid accidents
start making payments
Depeding on how the vehicle is titled you may have legal rights to the vehicle even if you aren't making the payments. However, in order to just get it titled in your name then you will need their consent if it's currently titled in both of your names. Very simple answer to all these questions. If your name is on the title, you can have the car. If your name is on the loan, you can make the payments. WHAT if BOTH names on tittle, reg and insurance, one is making payments but other is the strong credit that got bike and wants it back
If you keep on missing payments on your auto loan, there is a high chance that the vehicle may be repossessed by the bank.
Only if the cosigner is also named on the vehicle title.
Yes. Making payments on time is only one of several things you agreed to do when you signed the loan papers.
If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.
No. You are the primary borrower and are honoring your financial obligation.
Yes if his anger is due to your not making payments. Otherwise NO.
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Only if they actually took the charge off.
No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.
Yes. The financial insitution will typically call you to set up a time to pick up the vehicle or have you drop it off if you do not intend to reaffirm the debt. They are not allowed to call you to ask for payment, but can ask for the vehicle. You can, however, continue to make voluntary payments on the vehicle and they will not repo it if you keep it current. If you do reaffirm the debt, that means that you intend to keep the vehicle and will continue to make payments on the vehicle, meaning that they are allowed to contact you about making payments.
It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.It depends on several factors including whose name is on the title. If you are behind in the payments and the co-signer is making them you may need to settle this case in court.
No. But, the vehicle will become a repossession if payments are not made.
The most common type of repossession notice when a person has not been making loan payments for a car or truck. If the lender does not receive payments, the vehicle may be towed away.
Call the creditor and try to work something out, until you can start making regular payments again.
It depends on how many times you've been late on vehicle payments. Most of the time though as long as you are making a payment of some kind on the loan your vehicle will not be repossessed.
If you are not behind on your mortgage payments, most likely we will not be able to begin the Short Sale process. We never advise a homeowner to stop making payments. If you are current on your mortgage but are unable to make your payments anymore, contact your lender. This would be a good time to proceed with a Loan Modification. If you do, however, become behind on your mortgage payments, we can assist www. disappearingmortgage . com you at that time.
READ your CONTRACT. Its that simple. If you are in DEFAULT of the contract, they can repo the collateral.
Yes, they can. Consistent communication is the car-key to your vehicular retention.