YES its possible... READ your loan contract ASAP. 3 phrases you DONT want to see...
I have NO idea which 'debt consolidation" program you are with BUT some appear to be CROOKs. You pay a monthly fee, send them your money for your payments BUT they they get their 'fees" off the top and some allow you to be 90 days lates before they begin "negotiations" with the lenders. BE SURE what your terms are..Good Luck
In North Carolina, a lender can repossess a car when just 1 payment is missing. They can also repossess it if you let the insurance lapse and are current on your monthly payments.
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
Some companies are paid by creditors, such as banks, to repossess property in the event of a default on payment. Laws governing repossession tend to vary by state.
NO, usually tote-the-note lots will be the ones doing that.
delayed payment of the creditors dues by the shareholder.
Creditors can make claims against any estate left by the decedent. If the car loan is not paid the lender will repossess the car. If there is no other estate the creditors are out of luck unless there was a co-signer on any of the accounts. As bills come in the creditors should be notified of the death.
They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.
READ your contract. IF you are in default, they can repossess.
If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.
They can if you did not comply with the terms of the loan.