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My car loan is in default due to nonpayment how do I get it out of default and keep my car?
Wiki User
∙ 15y ago
pay your bill Paid 3 months back current payment due and bank has issued repo Who can help until can get caught up
Wiki User
∙ 15y ago
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If you are gifted a car in a will that is not paid for how long does the estate legally have to give you to pay off lien?
If you inherit a car that is subject to an outstanding car loan you need to keep up the payments with the LENDER according to the terms of the original loan. If you default on the loan payments the loan company can repossess the car.
Can credit union hold title on car if car used as collateral and loan is default?
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
Can a title loan company repo a car that wasnot on the title loan agrement for nonpayment?
They can only repossess the vehicle which was on the loan agreement. Taking any other vehicle is theft.
If I take an auto title loan can I keep my car?
Yes. However, if you default on your loan, they are legally entitled to repossess and sell it. Always be careful before committing to anything!
Can they repossess your car if your living in it?
yes, it is a default on a loan
Are you in default of a car loan if the vehicle is not registered?
Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.
Can you get a car loan if a student loan is in default?
Auto finance companies are very leary to lend to people that owe the government, so the answer is most likely no. Yes of cours you can get car loan if a student loan is in default there are many online sources which provide car loans for students.
Can an original buyer repossess a car after a verbal agreement which is in the first month of default for nonpayment?
IF your name is on the TITLE as buyer or cobuyer, you have the right to POSSESSION. Do you know where the car is? Do you have a key?
What do you do if you lose the title to your car and it has a lien on it that you are default in?
You didn't have the title to begin with. The loan company or bank does. So, you didn't loose it, but you may loose the car since it is in default . The loan company/bank owns the car, not you.
What happens if you Car title loan in default and car is totaled?
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
What happens if you default on a car loan in California?
Two possible answers. One, you get to keep the car, and the lender has no rights to it, or two, a tow truck will repossess your car in the middle of the night. The answer is pretty easy.
What happens if you are in default on a car title loan?
The creditor reposseses the car, and you take the bus.
