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โˆ™ 2005-01-29 14:10:39
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Q: In California if the bank repossesses your car do you still have to pay the loan off?
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Related Questions

I have an auto loan in my name can i get another auto loan in my name?

If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.

If the bankruptcy process has started and the bank repossesses the car do you still owe after the bankruptcy?

Patrick, the B/K proces hasn't started until you get the magic "case #". be sure to tell your B/K attorney about the car loan. S/he can give you more info on the process. Good Luck

If a bank goes under do you still owe on your loan?


If you have a personal bank loan can you still file for bankruptcy?

Of course.

Can the bank repossess your car after the loan matures and you still owe?

If you still owe on the car (whether matured or not), the bank can take it if you don't pay. It belongs to them until the loan is paid and the title is sent to you.

Where can you get a California home loan?

You can visit your bank and speak to a representative in order to get a home loan in California. Houses in California are very expensive, so be prepared with good credit. You can also visit a mortgage company directly.

Where can one get a home equity loan in California?

Wells fargo is a bank were you can get a home equity loan. Bank america as well. US Bank, HSBC, are other banks that offer a home equity loan. Bankrate's website can offer tips and advice on rates and calculators.

What is easier to pay car loan or bank loan?

bank loan

What happens if I got a cash advance from the Met Bank and they closed my account?

Metropolitan Bank (or any bank, really) will not cancel a loan unless (1) you successfully are discharged from a Chapter 7 bankruptcy or (2) you defaulted and the bank decided to write it off after collection efforts. If your account was cancelled and you still have a loan outstanding, you are still responsible for making payments on that loan.

How would you go about 'buying' your dad's car if he still owes the bank?

You need to pay off the bank to get the title to the car. You can either give your father the cash needed to pay off the loan, or you can get a loan from a bank. If you get a loan, the bank will send the payment amount to the lien holder, which is the other bank, and anything over the amount of the loan balance will be sent to your father. assume the loan in your name.

Can a bank demand payment in full on an auto loan if the vehicle was repossessed for no insurance?

Yes. A bank repossesses a vehicle for nonpayment. If your vehicle was taken for being on a public roadway and not having insurance, it was impounded. When a vehicle is impounded, a lien is placed on it by the agency which ordered the impound. The interests of government agencies override those of the bank, and they can sell your vehicle to recoup impound costs if you do not reclaim it within a specified period of time. In this case, the bank receives nothing from the sale, and you still owe the bank the remaining balance.

What is loan boarding?

when a loan is been transfered fron bank to another. . .the bank which the loan is transfered to board the loan. .

What is the difference between a bank loan and a bank credit?

What is the difference between bank loan and bank credit?

How do you record a bank loan in accounting?

Debit cash / bankCredit loan from bank

Can I still get a loan from my car title if I still owe on it?

No. The loan takes the pink slip which you don't have. The bank owns the car until you pay it off and has the pink slip.

How to pass journal entry if company take t he loan from bank?

debit cash . bankcredit loan from bank

If your car that you took a bank loan out for was in an accident and written off and your insurance company sends you a check for the car's value do you then have to pay off the bank loan in full?

Yes, you are still responsible for whatever amount remains unpaid on your loan.

Is bank loan an asset?

A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.

When you give a car back to the bank will you still be held responsible for the balance of the loan?


What to do if you still owe money a house your buying on contract for deed?

Take a loan from the bank...........

What are the rules for getting a loan from Dubai Islamic bank?

how to get a loan to your bank if my bank now is not DIB

What will be journal entry if a bank gives loan?

bank a/c dr to bank loan a/c

What is the journal entry when you take out a bank loan?

Debit cash / bankCredit loan from bank

How do you pass journal entry if company take t he loan from bank includes interest?

debit bank accountcredit loan from bankwhen interest incurreddebit interest on loancredit loan from bank

What is the current rate of California mortgage?

In California one can get 30 year fixed loan from 4.125% or a 15 year fixed loan from 3.250%. Percentages may change depending on amount of loan, down payment, bank you are loaning from, annual income, and other factors.