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If your car has been repoed you are going to have a very hard time finding any loan company willing to lower your rates.If anything your rates are going to increase assuming you can get a loan.You are better off buying a car outright.

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โˆ™ 2006-06-13 04:05:07
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Q: What do you do if your car has been repossessed and you feel that the payments are currently too expensive for you what steps can you take to have them lowered if you regain possession?
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Related questions

Can a cosigner have a boat voluntarily repossessed?

NOT unless the payments are delinquent and the cosingnor has POSSESSION of the boat. Call the Lender and work it out.


How can the cosigner of a car immediately have possession of it after it was repossessed by the bank?

When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy


What steps are involved in reposessing a car?

As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.


Can your car be repossessed if it was in an accident and nearly totaled?

If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.


Can your car be repossessed if you lose your job?

No, but your car can be repossessed if you don't make the payments.


Can TVs be repossessed in Texas?

Yes, TVs can be repossessed in Texas. The television that is purchased on a rent-to-own plan or that is in the process of payments for ownership can be repossessed if those payments are not made in a timely manner.


When is you car repossessed?

When you can't meet the payments.


Car repo in ny?

A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.


Can a car be repossessed if a primary buyer files bankruptcy and the co-buyer has possession of the car but falls behind on payments and the court rules that the vehicle belongs to the lendor?

yes


Can the cosigner who has been making the lease payments have the car repossessed so he can use it?

Don, IF your name is on the title as co-owner, you would just be taking possession of your own car. If its NOT on the title, you cant take possession legally.Why not go to the person in possession and tell them to give up the car??


Can a computer be repossessed if payments can no longer be made?

Yes it can


Can a motorcycle be repossessed if you cant afford the payments?

Of course.


How can you get your car repossessed?

dont pay the payments ever


Can your vehicle be repossessed for late payments?

Obvious answer, Yes.


Ways to cause your car to be repossessed?

The only way you can have your car repossessed would be to not make any payments. If you have taken out a loan and have not made payments, they will take your car away.


Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?

Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.


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.


Are you still liable for the payments if your truck is repossessed in Alberta?

Yes you are


Can a car get repossessed after missing 2 payments in Nevada?

Yes.


What are reasons for a car to get repossessed?

If you don't make your car payments.


Can my house be repossessed if my husband is madebankrupt but is not on the deeds?

Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.


Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?

Only if your name is on the title, and only if the primary borrower defaults and the vehicle is subject to being repossessed by the lender.


What is the most commonly repossessed vehicle?

Ones on which the owners are late on the payments. :-)


Can you be arrested for not paying your car payments?

maybe but your car would be repossessed


Can a lien take your child support?

No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.