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.
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.
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
They can if you did not comply with the terms of the loan.
Yes Usually they allow a grace period for an arears payment, but they do not have to.
A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.
Payment to the creditors Creditors Decrease Bank balance decrease
A Letter of Credit can be issued in the Philippines as a way to ensure that payment will be made to creditors. If the beneficiary does default on his payment, his bank will pay his creditors what is owed.
"There are a variety of payment options available for Mercy Insurance.
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
Yes, you made a financial pbligation by signing the documents for the sale of this car. So, they can legally repossess that vehicle.
NO, you know when your payment is due. It is listed on the contract you signed. Miss a payment and they can repossess your car then next day.
Wait until the vampire misses a payment and then repossess him.
Payment protection insurance!
No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Payment of life insurance premia is allowed on line, along with payment over counter whether payment by cash or cheque.
Depends on your jurisdiction. If you're late on a payment for just 1 month, it's legal for the car dealer to repossess your vehicle, but 27 days seems a bit uncalled for.
Yes, they will repossess if you have only one payment left.