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What can you do if your car has been repossessed twice and they want you to pay the entire balance?
Wiki User
∙ 17y ago
u have no choice now. What state?
Wiki User
∙ 17y ago
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Are you free and clear of responsibility for your vehicle once it has been repossessed?
Mary, the answer is NO. You will have to pay the balance due after the sale price has been deducted.
Can you be sued for a car that has been repoed?
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.
Can you reclaim your vehicle after it has been repossessed if you are willing to pay the full balance in Michigan your car was repossessed 2 days ago and Toyota financial is saying that they must auct?
technically, you have 20 business days to pay the balance owed plus all fees that were incurred during repossession.
Can another bank or dealer help to get your car back after the 2nd time?
No, and it is not likely any would if what you are saying is that your vehicle has been repossessed twice.
Can you be sued over the balance of a vehicle that has been voluntarily repossessed over three years ago when the repossession is on your credit report?
yes it has a 10 year limit
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
When an auto has been repossessed and auctioned is the difference owed determined by the payoff amount including repo fees at the time of repossession?
ENTIRE balance Due including interest and fees - sale price. BUT, the lender can take an OFFER. cash works best. LOL bargain, negotiate, wheel and deal. good Luck
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
Is a creditor allowed to continue calling debtor after a vehicle has been repossessed but not sold?
Yes. Even after the vehicle is sold, you'll still owe them the remaining balance of what you borrowed, and they'll continue to call.
How do you regain possession of car that has been repossessed?
Contact your finance company. They will often give you the chance to get the car back if you pay up to date plus impound fees and usually some more towards your balance.
Can a car dealer in Iowa still make you pay part of loan after a car has been repossessed?
Yes. When a vehicle is repossessed, it gets sold again. The amount received from the sale is deducted from the balance owed (which will now be augmented by repossession fees, storage fees, service fees, etc), and you will still be liable for that amount of money.
If your car has been repossessed can they issue a deficiency judgment against you in Kentucky if the sale is less than the balance you owe?
http://www.lrc.state.ky.us/KRS/426-00/005.PDF according to this state law, YES.
