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.
You can, but there is no guarantee the loan company will do so. They do want the money however more than the car, so if this is the first rough patch you've hit, they may. Just act quickly.
Yes. And the payoff, will usually be less than the amount owed on the loan. Work with the bank. They do not want the car, only their money.
That's the point. They want the money, not the car, so they garnished your wages to pay that loan. Keep it, drive it, enjoy it. If you want to sell that car, any money would FIRST go to pay that loan and you could keep any cash left over.
Yes, but you would have to get a loan for the payoff amount from the loan company you want to use
If You Have A Clear Title On Them, About Anything You Want. If They Have A Lien On The Titles, It Will Have To Be Removed By Payment Of Loan. Otherwise Contact The Loan Company And Have Them Tell You How To Deal With This In Writing. Be Sure You Get Written Information Before You Do Anything If They Show A Lien.
It will be auctioned off and the bank will want to collect the difference of what it sold for and what your loan was.
I wouldn't see why they want the money not the car.AnswerProblem is, the loan is not in the survivng person's name. The lender would want to redo the loan in the new person's name before they held off the repo. If the new person can't get the loan, then the bank will have it repo'd.
I heard if you surrender your car back to the bank the loan is from, they will auction the car to get money back, if they DONT get the whole amount of what you OWE on the car... They will bill you the balance.T
wat type of money loan u want to take there are so many different criteria to get loan.
No you can't be sent to prison.You can declare bankruptcy .
Yes because the loan company will want to know how much and where the money is going to.
If the heirs at law want to keep the car, they must pay off the loan. Otherwise, the car would be repossessed by the lender.
Call the Insurance Company
Run the proposal by your bank. Call the State's Attorney's office. Check with the BBB. And if they want money from you, do all three, before you send any money.
The short answer is yes, if you want to keep the car. Otherwise the loan will go into default and it will be repossessed. If you did not sign for the loan, it will not affect your credit.
Yes, voluntary repossession. Your credit will still suffer and the leinholder needs to sell the vehicle to get their money back. If they are unable to cover the loan fully, you are responsible for the difference.
If you want to refinance a loan, discuss it over with the company/people who you had a loan with in the beginning. Whoever you financed a loan with first, refinance with them again.
When you get a loan, one of the most important things is who is offering that loan. You don't want to be working with loan lenders who are not looking out for your best interests. Any time you get a loan, you will want to make sure that the company is abiding by the law and that the company has a good record of being fair to customers like yourself. You can find this information on the internet and it will give you a good idea of the type of loan lenders you are about to get yourself involved with.
Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)
they dont have to take the car back,although they can sue you for the value or the balance of the loan If the lender is local, leave it in their parking lot, then call them and tell them where to find the car.
The companies a person should consider when they want to get a loan is a big named trusted company. Banking companies are good companies a person can go to to get a loan.
No, not unless you consult your finance company and arrange for the loan to be paid out upon sale and then apply for a new loan for a boat or whatever it is you want.
You are stuck on the loan until it is payed off. You can talk to the loan company to try and get your name off of it however this will fail 99% of the time. Why would a loan company want to have only 1 person to go after for the debt when they have 2. Also if she defaults on the loan they will come after you first. Whoever has the best job/credit is who they go after for the money.
yes - as long as she get's them the money to pay it off any way - before they get the car she will be ok - she can trade it in, pay it off with cash, refinance it, etc. The trouble is if she is behind on the payment, other auto lenders are probably not going to want to lend her money on another car. THey will want to know if she can't pay that one, why/how will she pay us.