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If you owe the finance company 9000 dollars for a car and it is charged off on your credit report what happens at this point?
Wiki User
∙ 8y ago
You're NOT forgotten or forgiven. Someone will be collecting that $9000.00. Charge-off is an accounting term to cover the interst they lost on the loan. You will be contacted to pay.
Wiki User
∙ 8y ago
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What happens if you contact a finance company about your car loan they will be financing and tell them know you don't want them to finance it?
As long as you haven't signed the contract, you will just have to find other financing.
What happens if your car gets stolen and you have no insurance and the car is on finance?
The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.
What happens if a mortgage company cashes a check marked paid in full?
Nothing , except if you try that, you may be charged with fraud if that's not true.
What should I know before I get a 401K?
What happens if you leave the company is one find here here http://www.smartmoney.com/personal-finance/retirement/5-things-you-should-know-about-your-401k-7925/
What can some one do if the dealer were he finance her car went out of business and he haven't pay off his car?
There isn't anything you would need to do. You still owe the money and will need to continue paying. A bank or something similar may buy the rest of your loan from the dealership. If that happens it will be their job to notify you.-------------------------------------------------------------------------------------------------It is not usually the dealer which actually provides the finance, it is a finance company that is separate from the car dealer.When you purchase the car and take out finance, the finance company pays the dealer in full what he is owed and you then repay the finance company.If you look at your finance documents closely, they should tell you this.You should therefore continue to pay for your car as you were doing before the dealer went out of business. However, for your own protection make sure that you get a receipt (proof) that you have made each payment. If you are notified in writing to change your payments to a new company do this if the paperwork matches what you had before.If you are in doubt at all, go and see an attorney (lawyer).
What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
What happens if car dealer lies to finance company?
who the hell noes that?
What happens if you have a clean title and loan is secured can finance company still repossess?
Maybe
What happens if you part out a financed car?
You still owe the finance company the balance owed.
What happens when car dealer is misleading customer and finance company?
usually called FRAUD
If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?
It belongs to the insurance company
What happens if the car gets stolen and its still on finance?
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
What happens if you contact a finance company about your car loan they will be financing and tell them know you don't want them to finance it?
As long as you haven't signed the contract, you will just have to find other financing.
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?
What happens if your car gets stolen and you have no insurance and the car is on finance?
The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.
What happens in a battery when being charged?
its getting charged!!
What happens when towing company auctions your car and you have a car loan?
Then you're screwed. The tow company put a mechanic's lien on your car, then they auctioned it off to recoup their costs. You're still liable for the payments you owe to the finance company.
