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What else can I help you with?
Do you have to pay on a repossessed car if not sold?
If it has been repossessed the lender will usually stop all collection activities until the vehicle is disposed of through sale. It is unusual but the lender could decide to keep the vehicle but should they do that than they waive their right to a deficiency.
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
If your car has been repossessed can they issue a deficiency judgment against you in Kentucky if the sale is less than the balance you owe?
http://www.lrc.state.ky.us/KRS/426-00/005.PDF according to this state law, YES.
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
Does a deficiency balance include interest?
A deficiency balance typically does not include interest unless specified by the terms of the loan or agreement. It generally refers to the amount owed after a collateral asset has been repossessed or sold, minus the amount received from the sale. However, if the agreement states that interest can be added to the deficiency balance, it may include accrued interest as well. Always check the specific terms of the contract for clarification.
In Utah can your wages be garnished for a car that was repossessed?
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
Spina Bifida and heart disease have been associated with what deficiency?
Folic acid deficiency.
Can a cosigner have a car repossessed if the loan has been in arrears?
yes
Can a car that a husband used as collateral to buy a van that was repossessed be seized by the lender if the car was awarded to the wife when the couple divorced?
You will have to take it up with the bank who repossessed the van. Since the car belongs to you, they should not be able to take it away from you. The laws may vary state-by-state. Talk to your divorce attorney to be sure you are protected. * Legally the vehicle could be seized if a deficiency remains after the repossessed van has been sold. This is possible because the transaction was made during the marriage and terms included in a divorce have no bearing on valid lending agreements.
How soon can you buy a car after a car has been repossessed?
You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.
How long do you have to redeem your car in California after it has been repossessed?
10 days
Has anyone ever had their car repossessed by mistake?
Yes, there have been cases where individuals have had their cars repossessed by mistake due to errors made by the repossession company or lender.
