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Tim, I have never heard such a request. Ill answer your question but first I have one for you.WHAT is soooo precious about the car that you don't want to give it up? Did you go on your first date in it??Tim, the car probably isn't worth anywhere close to whats owed on it. That's why they sued to get a judgment.The INTEREST has been adding up all the yrs. you havent paid on it. so the lender gets the judgment and proceeds to collect. What else do you own worth taking? They don't seem to want the car so whats left? Nothing??? Well, they will wait for you to inherit something they want. OR wait for you to win at Powerball. Or marry a rich woman. Do you work?? yes? They can garnishee your wages. 25% of them. And pester you to death with phone calls. About the summons you were served....GO TO COURT, don't miss it. It will be your ONLY chance to fight the judgment. tell the judge how POOR you are ect. Make the lender an OFFER to settle right then. Have the CASH in your pocket. 8000??? Offer 3000. Never know, they might take the offer. good Luck

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โˆ™ 2015-07-17 17:44:20
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Q: What can you do if the lender sue for payment instead of repossessing the car?
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Related Questions

Can auto repossession be negotiated?

The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.


What is the legal course that must be followed by a lender repossessing a car?

After repossession the lender must send a letter telling you where the car is how much is owed on the car and where it can\d be redeemed. This letter must be sent within 5 day after the repo


Is there a time limit for repossessing a car?

Unless you have a payment plan figures out with your loan company(I.E. i can pay 100 this month instead of 200) they will usually wait 90 days to proceed with the repossion process.


How can you lower loan payment for car?

You can lower your loan payment by refinancing your car loan. You can also negotiate with your current lender and see if he can reduce your payment amount.


Can your car be repossed before your car payment is due?

No, until you have missed a scheduled payment (at the very least), the lender has no right to the property.


What are the consequences of voluntarily repossessing a car after having it for 6 months?

Credit will be ruined for 7 years. You will also pay the difference in what the lender sells the car for and the balance on the note, and possibly the repossession fees. Avoid this if at all possible. Talk to the lender and see if you can work this out.


How long before they can repossess you car in Virginia?

The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.


If you cant make your full car payment does the lender have to accept what you can pay?

No, but if they accept any payment, they cannot begin the repossession proccess


What if you could not pay for 3 or more months?

what if your 3-Month or more late in car payment will the lender still accepeted a payment


What is your rights if the lender does not notify the police that they are repossessing your car?

Same as if they do. Notification is common curtsey not law. Some jurisdiction have different rquirements, but what can they do if you dont??? Cant outlaw selfhelp repos.


If you are two months behind on a payment can your car be repossed?

First off it is not your car. The car belongs to the lender until you pay for it. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


Can a tow truck driver hit the car he is repossessing and cause damage?

Yes, he can cause damage, but then he has to pay for it. In the majority of cases if the vehicle property is damaged the lender is responsible. not the repo agent. Repossessing agents in the majority of states are required to have a "hold harmless" agreement signed by the lender/lien holder. This releases the repo. agent from being responsible for any damages incurred to the vehicle or other property.


Can they repossess your car the day after they receive a partial payment?

As long as you are in DEFAULT of the contract, the lender can repo the collateral.


What is a car down payment?

A car down payment is the amount of money or the trade-in value of your current car required by your lender before a loan is issued. For example, if your new car costs $20,000 and your lender requires 10 percent down, you need to come up with at least $2,000 in cash or trade-in value before the loan can be initiated.


How do you take a name off car loan when the other signer is in prison?

You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.


While repossessing your vehicle the driver used his car to hit you and threatened you and your husband with being arrested if you did not give him the car is this legal?

No what he did is called assault.....is this a repo co. or a private individual? If your car is up for repo the police will not arrest you it is a civil matter between you and the lender.


Can your car be repoed on private property in the state of Texas?

repossessing a vehicle is NOT tresspassing in any state. It is a LAWFUL reason to be on the property. READ your contract again, you likely gave the lender permission to do so.


What if sell the car but owe on it?

If you owe money on the car you cannot legally sell it without the lender signing a release form removing the lien on the vehicle. The lender actually owns the car, not you. Once you make the last payment the cars is yours.


Can a payment on a delinquent or repo car be refused by the creditor and if so will it be a waste of money to get payments caught up?

Brandon, yes, the lender can refuse payment. That usually means you have waited toooo long to get any help from the lender. As for the catching up the notes,that question should be answered by the LENDER. You neeed to talk to the lender NOW. Good Luck


Will you be able to get a car again?

Yes, the lender will want a large enough down payment in order to hold the note.


Can a lender report the car to the police for not making the monthly payment on the loan?

They won't call the police, but the vehicle will be repo'd


How long after you dont pay your car payment is a car repossessed?

Depends on the contract you signed with the lender. Read your contract. The lender does not want to repossess your car. Contact the lender immediately and work this out. The worse thing you can do is not do anything. Let your car be repossessed and you will ruin your credit for 7 years and pay the difference in what the lender sells the car for an the balance on the note. Bad idea. Work it out!Depends on the contract you signed with the lender. Read your contract. The lender does not want to repossess your car. Contact the lender immediately and work this out. The worse thing you can do is not do anything. Let your car be repossessed and you will ruin your credit for 7 years and pay the difference in what the lender sells the car for an the balance on the note. Bad idea. Work it out!


Can a lender sue for full payment prior to sell of a vehicle that has been repossessed?

Yes they can. The lender loaned money. Period. They can, and will, sue for full payment. They aren't in the car business, they are in the money business, and that's all they are concerned with. Here's how it works: You go to car dealership, and get a car. you sign your name so many times, that you get writer's cramp, and drive away. That is the end of your relationship with the dealership. What they do next is they submit the paperwork to the lender, and the lender sends them the money. Now you only deal with the lender, who has no interest in your car, or whether or not it got sold, broke down, or went off of a cliff.


What can you do if the lender repossess your car and they get half of the loan and you cant pay the balance?

The lender will come after you for the remaining balance after the car is auctioned.You can either declare banckruptcy or work out a payment plan...or thelender can seek a judgment to garnish your wages.


I have made a payment within 30 days to lender of my car payment I still need to catch up what can they legally do?

what ever they want to do to your house or your can if not paied in 2 years