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What do I do with a car that was voluntarily repossessed and the finance company won't come and get it?
Wiki User
∙ 9y ago
While most creditors will allow you to have your vehicle voluntarily repossessed, some lenders will not accept them. Your best resolution in this case is to contact the finance company and determine why they will not collect the vehicle. Ensure that they are indeed accepting the voluntary repossession. You will still be required to pay the remaining balance unless you are told otherwise.
Wiki User
∙ 9y ago
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If you make a parshall payment on your loan can the loan company still come after your car?
YES they can. A partial payment is not the full amount owed, so they can repo the car. If they say they won't if you do this--get it in writing, or re-finance the car.
Can the bank come back to you for the difference of the loan after the car has been repossessed and auctioned?
yes they can...but it also depends on state laws too
Can a finance company repossess your car if you are less than 30 days late?
Yes, but it's not always that simple. While it's easy for a finance company to come and repossess your vehicle for being 30 days late, the courts don't always agree with that action. For example, if you've been paying on your vehicle for some time and you get behind, if you have continual contact with the finance company and all of your contact information is correct, court may rule that the finance company had no reason to assume a material breach of contract for a default of 30 days. However, if you avoid contact with them (won't answer your phone), your address is incorrect, and/or you're still pretty early in your agreement, courts will most likely see it as a material breach. Unless your contract or state law says otherwise, you also have the right pick up where you defaulted (by paying the defaulted amount in full) on your loan and you're not forced to pay the entire amount of the loan. Furthermore, you should keep in mind that, in states that have adopted the Uniform Commercial Code [UCC], after you pay 60% of the balance of your loan, a repossession and disposal (resale) is no longer beneficial for the finance company because the resale of the vehicle would satisfy the debt (so they couldn't come after you for the remaining balance) and any remaining funds from the sale, minus reasonable charges, is required to be paid to the consumer. Most respectable finance companies/banks will not repossess a security interest until it is easily provable in court that they had reason to believe a material breach of contract. However, "buy here, pay here" type places tend to be a little looser with their rules, but typically end up paying for it when they do get sued for doing so.
What do you do if you owe money on your car and want to have it repossessed but the loan company will not?
Maybe it doesnt meet the loan cos. repo specs?? (not running,wrecked,ect) Do you know where their office is? Is it lcal? If so, take it to them and leave it in their parking lot. If they dont have a local office, call atowing co. to come get it,they can handle getting it repoed. OR leave it at the city PD parking lot.
What reputable companies are involved in unsecured cheap loans?
This is a very difficult question to answer. When searching for reputable companies for unsecured cheap loans you will come across thousands of companies. The top five companies are pounds to pocket, Kwik Cash, The Unsecured Loan Company, Click Finance Personal Loans, and lastly Loan Pocket.
Can world finance loan company come pick YOUR car up?
First, you explain what "world finance loan company" IS; no such critter exists.
HSBC Auto Finance was supposed to take my car- it's been 4 months. When should they come and get it from me?
Is this a voluntarily repo are you owe 4 months of payment?
What should you do if the bank never picked up your car after you voluntarily surrendered it?
DRIVE it if it runs or call a towing company to come get it if it doesnt run.
This car has been abandoned at my house and is up for repossession. Will you come get it without me paying for all these FREE things that are not free False advertizing! Why should I pay when I am doing the finance company a favor?
Can I find out who the finance company is for FREE?
Can creditors come after you when you voluntarily had a repossession?
Yes.
What is your liability of a car that has been repossessed from you but the tow company is driving it around town?
unless your going to come up with the money to get it back,who cares,its not your problem any more (:
What do you do if the finance company has put repossession on your car due to non-payment and you wrecked your car and you had no insurance coverage?
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.
Now I am in finance problem how to come out?
If no income then how to come out.
How do you give your car back to finance company?
Call and have them pick it up. it's called a voluntary repo. Just tell them you are unable to pay and they will come.
Hiding a car that may be repossessed?
You can hide it but, they'll come back later for it.
How long does it take to repo a car in Ohio?
That depends on several things. The first is the finance company that has the note, then the recoverey company they hire to come and get the car and the last is how long it takes to find the car. It can take a day or months.
Where did the money come from to finance ww1?
from usa
