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If you live in California and the lender sent you your title by mistake do you still have to pay for the car or can you sell it and treat the loan as unsecured?
Wiki User
∙ 17y ago
The borrower would have a copy of the title but on the title itself the lien holder (lender) would be noted. That would mean that the title is not clear and the vehicle cannot be sold, traded or transferred in any manner.
Wiki User
∙ 17y ago
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Would i still be liable if I don't pay on an unsecured debt after chapter 7 bankruptcy?
You should not have paid any unsecured debt after the chapter 7 was filed. All unsecured debts were discharged. If you made the mistake of continuing regular payments on an unsecured debt after filing, you may have reinstated the debt. If in doubt, consult a local bankruptcy lawyer.
What is an unsecured loan used for?
The difference between an unsecured loan and a secured loan is very big if for some reason bankruptcy is declared or the loan cannot pay repaid. Secured means that the buyer still needs to repay and unsecured mean he doesn't if bankruptcy is declared.
If car is impounded than auctioned do you still owe your lender and if so how should they be approached if still demanding full loan amount?
if you auction the car off and it sells for less you owe the lender you must pay the differenceif it sells for more then you owe the lender nothing
Can a lender garnish wages after repossession in North Carolina?
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
Where could someone with an adverse credit rating find unsecured loans?
One can still get unsecured loans with bad credit. However, the lenders will lay down some conditions, and one will be charged very high interest rates. Poor Credit Finance, Uswitch, and other websites can help one with getting unsecured loans with bad credit. One should also visit local banks to ask about getting an unsecured loan.
Would i still be liable if I don't pay on an unsecured debt after chapter 7 bankruptcy?
You should not have paid any unsecured debt after the chapter 7 was filed. All unsecured debts were discharged. If you made the mistake of continuing regular payments on an unsecured debt after filing, you may have reinstated the debt. If in doubt, consult a local bankruptcy lawyer.
Where can I take out an unsecured personal loan to buy a yacht?
At this income level, you are not likely to be able to take out an unsecured loan, and a yacht is most likely out of your reach. Still, you can contact any bank or credit union to learn the requirements for unsecured loans.
What is an unsecured loan used for?
The difference between an unsecured loan and a secured loan is very big if for some reason bankruptcy is declared or the loan cannot pay repaid. Secured means that the buyer still needs to repay and unsecured mean he doesn't if bankruptcy is declared.
Can you suggest a website that informs you about loan amortization?
Your lender, or the lender you are considering. The amortization is going to break down payments further, so you have to consider what you still owe to the lender.
What if the market value is below the mortgage amount - would a deed in lieu of foreclosure still work?
That is up to the lender. You need to contact the lender.That is up to the lender. You need to contact the lender.That is up to the lender. You need to contact the lender.That is up to the lender. You need to contact the lender.
If you go from Missouri to California to repo a car but the payments are caught up before you get there do they still have to pay your expenses?
Thats depends on the contract the "repoman" signed with the lender before he/she started out on that little adventure.
Can a lender still repossess your car after a lawyer told you to tell them that you were claiming bankruptcy?
The lender has to get the STAY lifted before they can repo.
The subprime lender wrote off late fees after loan was paid the vehicle in still in our possession are we still able get the lien removed?
You will need to get a written lien release from the lender.
When lender holds loan is title still considered clear?
No.
If car is impounded than auctioned do you still owe your lender and if so how should they be approached if still demanding full loan amount?
if you auction the car off and it sells for less you owe the lender you must pay the differenceif it sells for more then you owe the lender nothing
How can you sell your motorcycle if you still owe on it?
Sure. To transfer title, pay the lender and the lender will sign off, then whatever is left from the sale, you get to keep.
Can you sell a car for parts that still has lien on the title and continue to make payments yourself?
The answer is NO, unless the lender approves of the sale. Contact the lender.
