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If you are facing repossession and have a buyer that will take over payments will the finance company refinance the car for the buyer?
Wiki User
∙ 12y ago
not normally the contract is with yourself, not them
Wiki User
∙ 12y ago
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What will happen when a loan on a motorcycle has been defaulted and the finance company will not reprocess it?
If guess you mean "refinance" when you say "reprocess", the answer is repossession. Loans in DEFAULT are subject to repossession of the collateral and payment of the balance owed by voluntary or legal means.
How long after repossession does the finance company have to garnish your wages?
They aint going to....They try to scare you with that, as long as they have there property there good!!
What is repossesion?
A car repossession happens when a person falls behind on their car payments and the finance company reclaims the car. The goods they are paying for on a recurring basis are not legally theirs until payment has been paid in full. Until this happens, They will not be classed as the 100% rightful owner of the goods until the lien is removed. When the payments as stated in the agreement are not paid accordingly the repossession of the goods can be taken into effect. When this happens, then a lender can take legal action against you for the money owed to them. Some agreements allow you to miss one or two payments which can be added on at the end of the term. Please be aware that, your finance company can take your car back after missing one payment. http://www.carrepossed.com
Where can someone refinance a mortgage online?
To refinance a mortgage could be done through the different banks. They can also be done through mortgage lenders and brokers. These can be found on line or finance company's on the general high street.
Will you be able to finance a new car after a repossession?
yes
How can you stop a repossession of a car in Mississippi?
Your best bet would be to pay your payments to stop the repo and make contact with your finance company.
What will happen when a loan on a motorcycle has been defaulted and the finance company will not reprocess it?
If guess you mean "refinance" when you say "reprocess", the answer is repossession. Loans in DEFAULT are subject to repossession of the collateral and payment of the balance owed by voluntary or legal means.
Do you call the finance company or just take the car to the dealer if you want to do a voluntary repossession and do you need to inform the finance company you're taking it back or will the dealer?
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
What is involved in a Repossession of a vehicle in Tennessee?
In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.
Is there a statutet of limitation for collecting payment of a reposessed auto?
There are no Statue of limitations on repossession orders given to repo companies. Payments to the finance company can be squashed easily as going into bankruptcy!
Can a finance company go on your property to retrieve a vehicle for repossession in NJ?
Yes
How can you take over payments?
Contact finance company
Can you get a dirt bike repossessed?
Yes. A dirt bike is the same as a street bike or any other type of vehicle. if you miss the payments, and the financier wants to exercise his rights to seizure, he can do so. If you are behind on payments the best thing to do is contact your finance company and explain your circumstances to him. There are probably options available to avoid repossession. The last thing any finance company wants to do is repossess their property.
Can a leasing company consider it a repossession if you turn a leased car in early?
Yes when a leasing company regains control of an asset it is still considered a Repossession repossession is much easier in a lease agreement than it is in a finance agreement due to the fact that the asset is owned by the leasing company, in a finance agreement you control ownership and the bank only holds security in the asset.
Can a loan holder prevent plate renewal and registration if you are behind on car payments Also does the finance company get a copy of the registration once it has been renewed?
No to both questions. But the repossession agent has access to all that information and then some.
Can a finance company repossess your car when you lose your job?
Only if you stopped making payments and are behind on your on your payments.
Can you take over car payments?
Yes, with the agreement of the finance company.
