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What happened if you were behind on payments and the lender offered to refinance and lower the payments and said you were approved and then repossessed the car?
Wiki User
∙ 18y ago
Generally you would have to sign paper work if the bank had approved a refinance agreement . In that case you could take legal action . They could however reposses the vehical if you fell behind again on your payments after sighing the agreement. Guess what......... banks and lenders LIE !!!!! If it is not in writing then there is no agreement so you don't have any recourse. Unfortunately you learned the hard way.
Wiki User
∙ 18y ago
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How can you get your Acura back from being repossessed?
Make a deak with your finance co to pay off the payments you are behind. Caution...Don't refinance for lower payments or they will stick you for high interest added. Negotiate with the lender.
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.
What can you use a a refinance calculator for?
A mortgage calculator can be used to find out if it is worth it to refinance your monthly payments, if it will lower your payments and if you would save on interest and fees. By entering your data you can decide if it is worth it to refinance your home mortgage.
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 you refinance a car loan after the car has been totaled and repossessed to get lower payments?
NO. You no longer have collateral to secure the loan. Unless you are willing to use real estate or another vehicle that is fully paid off and owned for security.
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.
Can your vehicle be repossessed for late payments?
Obvious answer, Yes.
How can you get your car repossessed?
dont pay the payments ever
