Yes. If the payment is made to the finnance company.
We are remitted payment to you today, the balance is USD59,395.
Depends on the company. Average 2-6 months.
A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving the payment.
A letter to a friend is NOT an example of a transfer payment.
The car will probably be repossessed.
I would check with your agent or the company.
The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.
No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
Yes it can be done,read your loan agreement.
Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.
YES, they can and DO. Read your contract about the re-instating part. Was this your 2nd repo?
READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.
Until the LENDER cancels the repo order with the repo company, you are fair game.
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
contact the lending institution and offer to make partial payment in exchange for the title.
IF you were NOT in DEFAULT, then it was a wrongful repo and you shouldn't have to pay. Call a local attorney NOW.
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
READ you contract. Likely not on a 1st payment default.
As long as you owe them money they can take it.
Yes, no matter what happens to the owner of your mortgage, you should always make your payments on time. A loan sale or servicing transfer does not mean you can skip a payment.