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u have no choice now. What state?

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โˆ™ 2006-07-07 09:53:10
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Q: What can you do if your car has been repossessed twice and they want you to pay the entire balance?
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How do you regain possession of car that has been repossessed?

Pay the current balance, plus repossession and storage fees.


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.


Will you get sued for the money you still owe after your car is repossessed?

If you don't pay the balance of the loan after repossession, the lender can take you to court for the remaining balance or they can charge it off. Neither is a good thing, so it is best to pay the remaining balance as soon as possible. ___________________________________________________ Most vehicles that have been repossessed are sold at auction. When this occurs, you are responsible for any balance that remains less the monies collected from the sale. If a balance remains and you fail to pay it then the creditor or lending agency can sue for the balance due plus legal fees.


What do you do once your car has been repossessed?

I have a welding machine on the truck they repossessed can they keep that?


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


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.


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


What do you do after a car 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.


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.


In Utah can your wages be garnished for a car that was repossessed?

You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.


Can a motorcycle that has been taken apart be repossessed?

i heard u can


Can a cosigner have a car repossessed if the loan has been in arrears?

yes


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.


How can I get a repossessed car back?

There is no way that you will be able to get that care back. Once a vehicle has been repossessed the company holding the car is in the process of auctioning that vehicle. You will have a balance once this vehicle has been auctioned out. You should receive a statement in the mail withing 60-120 days stating what you owe. Sometimes if you are lucky you will end up owing anywhere from 50-75% of the sales price of that vehicle. If you are not that lucky, and you are left with a full balance that you owe, your best bet is to negotiate with the lender or collection agency that has that account.


How soon can you buy a car after a car has been repossessed?

You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.


How long do you have to redeem your car in California after it has been repossessed?

10 days


What has to happen before a creditor can have your care repossessed?

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.


What are your rights when your car is repossessed and will you have to pay them anything after they have taken the car?

READ YOUR CONTRACT. In very few circumstances will you NOT be responsible for the balance due after the collateral has been sold. Very few, in most cases you will pay the difference between what the car sells for and the balance due. If you file bankruptcy you are NOT responsible for one dime and the lender can make no attempts to collect once the debt has been discharged.


How big was the ozone layer 2000 years ago?

It covered the entire Earth, twice a year. Just like today. It may have been thicker at times...


Does bankruptcy cover the amount you are upside down on a vehicle after it has been repossessed in Colorado?

It can.


Can you get your engine back out of a truck after it has been repossessed?

NOT. Good try though. LOL