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In Michigan if a lender is trying to repossess your car and verbally agreed to a payment plan can you keep the car from them until the agreed date?
Wiki User
∙ 8y ago
If the lender is "trying" to repossess the car now, wont they be "trying" to repo the car then also? How long do you plan on driving the car for free?? Just keep on hiding the car until you get a chance to pay on it.
thank you roosta-i see that you respond to a lot of posts here. i just wanted to make sure that i wont have the police knocking on my door. I didnt know they could start repo action without notifying you. I am also not driving the car for free. I was garnished and didn't have the money. The garnishment has ended and i can now pay them what i owe on 11/11/04. i just thank god that I am not one of the people whose couldn't pay because they were unemployed. i tried to talk to the people at my finance company but they didnt want to talk so i stop trying to talk to them. i sent faxes to them and text messages to the repo guy who showed up at my job. Don't know if that is legal or not but I am not going to worry about it for now. I pray that I will never have to finance a car again as this has been one of the worst experiences of my life.
Wiki User
∙ 8y ago
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Can a car dealership repossess your car if they say you owe them more money for a down payment?
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.
If you are in default and the company has agreed to a monthly payment but won't submit it in writing can they still repossess the car?
If you do not make the payments agreed to in the contract, on time, the answer is yes. if they agree to accepting a payment get it in writing ,then you have them.otherwise your screwed they will lie and tell you anything to get the car If it ain't in writing it ain't no agreement.
Can a bank still repossess your car if they said they would cancel it and you have made payment arrangements to get current?
If you continue to make payments as agreed, on time, you should be safe from repossession.
Do I have the right to repossess equipment that wasn't paid as agreed?
No
Can you repossess a car from your ex if they are not making the agreed upon payments?
i think so:D
Can I be sued for payment of a 2004 Bobcat that I verbally agreed to buy but did not make payments for after having it rebuilt and the owner removed it from the repair shop?
so you told me something you didnt ask what you wanted to know maybe you should re type that....
What does mean sales agreed?
it means: sale agreed subject to contract - as in the sale of a property where the sale has been verbally agreed and simply awaits the formal signing and exchange of the legal contracts
What does sale agreed stc mean?
it means: sale agreed subject to contract - as in the sale of a property where the sale has been verbally agreed and simply awaits the formal signing and exchange of the legal contracts
Can you repossess a car which you sold to a friend with a written contract stating that if payments are not made as agreed car will be repossessed?
YES.
If you do not pay the down payment to the dealership within the agreed upon 30 days can they repossess your car?
Mike, READ the contract you signed agreeing to do certain things in exchange for a car. What does it say about if you are in DEFAULT? If you dont perform any one of the conditions of your loan, they you are in default and can be repoed.
What is the best tourist attraction in Michigan?
Any of their lakes!agreed!
What terms should be negotiated before paying a collection account in full?
Everything agreed upon should be in written form and in specific terms. Such as total amount, date for payment, method of payment, etc. DO NOT sign anything that is not clearly understood. DO NOT verbally agree to anything. Only supply needed contact information not bank account, financial status, etc.
