You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
The repossession stays on your credit report for 7 years.
Yes. They can! The car is their equity basically!
In the US, no it won't. Your credit and job history do not play a part in student loan eligibility.
yes you can
You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
Then tell the Repossession agents where it is and who has it.
Yes. But you might have a difficult time getting a loan for it. If you just go pony up for a "beater" to get around in, you shouldn't have a problem.
It does if you get turned down.
Pay it off, voluntary repossession, sell the car and pay it off.
If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.
No. A car loan is a civil as opposed to a criminal matter. Being behind on a debt is not a criminal matter, therefore you cannot be arrested for it. Never the less, if you are behind on a car loan and if the loan is secured by a lien on the car, you may be arrested if you interfere with the loan company's attempts to repossess the car, provided that state you are in has laws that make it a crime to interfere with a repossession. But even in this instance, you are not subject to arrest for being behind on the loan, you are subject to arrest for interfering with the repossession.
Yes, you owe the difference of the amount of the loan and what the vehicle was sold for plus any costs of the repossession. You are expected to pay that amount.
Car loan modification is one such option to avoid repossession of your car. So what happens here.... the service provider(loan modifier) studies your loan history and they directly deal with the lender and they modify your car loan .... meaning they help you in Reducing payments and keep your car, boat, SUV or truck.
As long as a vehicle is collateral for a loan, it can be repoed.
as soon as they can find it
It would depend on the contract you signed when you purchased the car.
'Title Loan' is a loan you will be getting of having a car loan on your on name.
If you do not make car payments you will default on your loan or lease. It will ruin your credit and end up with a repossession.
When a consumer defaults on a car loan their credit becomes negatively affected. Not only that, the previously purchased vehicle will become subject to repossession if the payment is not received.
Chances are good the bank sold the account to a collection agancy. Contact a local attorney for state specific info.
Depends. Are you receiving the car or are you selling the car.Repossession = againRepossession = ownershipRepossession = gaining ownership again
Yes. If you default on your car loan you will remain liable for the debt.
Creditors look as far back as your CR goes. However, with enough DP and maybe higher interest rates, you can get a new car. You just have to shop around.
Yes, this is the common reason for repossession. It is in fact the primary reason for the existence of repossession agencies and repossession forwarding companies. It is also the reason the vehicle was used to secure the loan in the first place.