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not normally the contract is with yourself, not them

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โˆ™ 2011-09-12 21:43:11
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Q: If you are facing repossession and have a buyer that will take over payments will the finance company refinance the car for the buyer?
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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.

Do the police assist a repossession?

It depends on the locality. In this state, no. A finance company can send out a repo agent at any time if the customer's payments are past due, and the police are not (normally) involved.

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?


How can you take over payments?

Contact finance company

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 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 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.

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.

If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?

If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.

How can you get your Acura back from being repossessed?

Make a deak with your finance co to pay off the payments you are behind. Caution...Don't refinance for lower payments or they will stick you for high interest added. Negotiate with the lender.

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!!

Can A Finance company use lojack to locate your car?

Yes, a finance company may use lojack to locate and recover your car. They may also use repossession experts to pick it up as well.

What should you do if a finance company returns your payments?

Perhaps your loan has been paid in full. Otherwise, call them and ask why they returned your payments.

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.

I am thinking of buying a car from a seller who still has loan payments. How can i be sure i will get the title from him after i pay the finance company?

Go to the bank or finance company and tell them what you are doing. Don't give the seller any money untill you have worked it out with the finance company.

What happens to a vehicle if the financial company says they don't want it and they sue the owner for remaining balance after repossession and sale?

If the finance company has sold it, you have you answer. How can you be so stupid?

Can a repossession company in Maryland repossess a vehicel from a bodyshop without paying the repair bill?

Yes, they can. The car, while the finance company holds a lien on it, is the property of the finance company. As the person who damaged the car and brought it in to be repaired, responsibility for the bill falls on you.

This car has been abandoned at my house and is up for repossession. Will you come get it without me paying for all these FREE things that are not free False advertizing! Why should I pay when I am doing the finance company a favor?

Can I find out who the finance company is for FREE?

How much of the payments prior to repossession is allowed to go toward interest?

Get a hold of a lawyer, because I was told by my friend going through this situation, that His lawyer told him that NO debt once it has gone to repossesion (once that car has been resold), or collection beyond the finance company is allowed to still accrue late payments or interest.

If i stop making payments on a camper my dad had in his name only and he died what can the finance company do to me?

Repossess it