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No. As Stated They Would Have To Have A Lien On The Gift(Car) They Can Seek Judgement For Balance On Debt. The Car Is Yours They Have No Control Over Any Gifts You Recieve. GOD BLESS

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βˆ™ 2006-08-15 20:20:49
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What do I do with a car that was voluntarily repossessed and the finance company won't come and get it?

While most creditors will allow you to have your vehicle voluntarily repossessed, some lenders will not accept them. Your best resolution in this case is to contact the finance company and determine why they will not collect the vehicle. Ensure that they are indeed accepting the voluntary repossession. You will still be required to pay the remaining balance unless you are told otherwise.


How does voluntary repossession work on an RV in NC?

Instead of having it forcibly repossessed, you call your finance company and tell them you're voluntarily having it repossessed. They may send a tow service to collect it, or they may ask you to take it to the repossessor. It'll be repossessed, auctioned off, and the amount they get from the auction will be deducted from the amount you owe. The finance company may offer a settlement at that point for an amount less than what you owe on that vehicle - that's up to the finance company.


Can you return a car bought on a personal loan when you were told it was on finance?

Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.


If a mechanic has a mechanics lien on your car will this prevent the finance company from repossessing your car or prevent you from voluntarily having car repossessed?

No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.


If a car was voluntarily repossessed after an accident should the insurance company have paid off the loan completely?

The best way to find out is to READ THE POLICY. What does it cover?? Was it GAP insurance or regular auto ins.? Ask your ins. agent to explain the coverages.


What is the tow company in the show Repossessed?

Jam Recovery Inc.


Does a repossession company get paid if car is not repossessed?

Some do, most do not.


Can a vehicle that is without a lienholder be repossessed by a company before a lien is filed?

No


Can you get your car back if its repossessed?

Yes. If the payment is made to the finnance company.


What do you understand by winding-up of a company?

dissolve a company, by the court, or voluntarily or the by the supervision of the court


Can you be sued if you let your mobile home be repossessed?

You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.


Can a motorcycle purchased on credit card be repossessed?

A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.


Can the car company that repossessed your car keep your personal property in it?

No Way. Its Your Stuff !


If you have a car repossessed can the loan company keep you from receiving a tax refund?

Yes.


Which company offers repossessed semi trucks?

aegis ,out of st. Louis mo. used to


Owner of car stole it back from repossession company?

If it was repossessed legally then he is guilty of theft


How do you get your car out of impound if it was repossessed?

Pay the company for the car, like you should have during the time you had it.


How do you find out where your repossessed car is to reclaim your personal property in Indiana?

Call your finance company.


What can a finance company do if you voluntarily give them their car back?

They can keep the money you already paid.


How do you get a car repossessed from your ex wife?

Contact a local repo company they will tell you what you need.Good Luck.


Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?

No


Your car was repossessed how can you get your car back?

If your was repossed you need to call the car company and pay your car


When a car is repossessed does the finance company have to sell it for the amount it is worth?

no, they will sue you for the balance owed after the sale


Can your car be repossessed for credit card debt?

Unless the credt card company is the lienholder on your vehicle, no.


What happens when a car is voluntarily repossessed?

You do not want your car repossessed for any reason! it will ruin your credit, you will still have to pay for it once it sells for less than what you owe at auction, and eventually a repossession catches up to you! What you can do to save your car is contact *CAR HELP USA* tHIS company will lower car payments, lower interest rates, get you current with your auto loan, stop repossession, refinance, and save your car! You will need to act quickly as a volunrarily repossession does not answer ANYTHING!