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Repossession car can they put a judgment on you for the balance?
Wiki User
∙ 14y ago
yes
Wiki User
∙ 14y ago
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In North Carolina can they sue or put a lien on your business for the remaining balance of a car repo?
YES, a lender can get a judgment for the balance owing on a loan after repo.
Can a judgment be put on you for an auto repossession from 15 years ago even if there has never been a judgment for it?
Call a local attorney for state specific advice on the SOL.
What do you do if the finance company has put repossession on your car due to non-payment and you wrecked your car and you had no insurance coverage?
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.
Once the bank sells the car you are responsible for the balance due can the bank put a lien on your home if you don't pay that back?
ONLY after getting a judgment for the balance due can the lender persue any other legal options.
What if you dont have the car you put up for collaterall?
This is foolish if you cannot pay the payments. Get the car back or risk repossession.
What happens if you return a car?
You cannot return a car you have purchased. If you do they will just put it in storage, charge you for everyday it is there, and then the lender will repossess the car for non payment of the loan. They will sell the car and you will then have to pay for the storage fees, repossession fees, and the difference in what the balance on the loan was and what they sold the car for. Bottom line is that you bought the car, you own the car, and you are stuck with the car. Don't like it then sell it. There is no cooling off period on the purchase of a vehicle.
Can a repo put a lien on your home in Ohio?
Yes. If there is a balance due on the loan and the creditor has obtained a court judgment.
Can bank put a lien on home or judgment against you if car cannot be found?
yes
What is it called if the bank has to take your car back for nonpayment?
its called repossession, which is the name of the category you put it in, so its odd you didnt know that
If my car is repossesed can they take your home?
no they can't they can only put a judgment against you for what you owed left on it
How long does Louisiana auto repossession take?
That depends on the terms put forth by the lending institution - they're the ones who repossesses your car, not the state.
Can a lien be put against a home for a vehicle repossession?
Yes. That means in the event you try and sell your home, any monies received from the home their portion is given to them first. YES, IF the lender has a JUDGMENT against you.
