Repossession
Unemployment

What happens when you are unemployed and the bank wants to repossess your car?

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2005-09-27 17:53:44
2005-09-27 17:53:44

They send a collection co. out who picks up your vehicle. Not sure if the point of this question is to find out if it is fair for them to take you car while you are in a financially bad position. The fact of the matter is everyone will run into situations at times that will not allow them to make payments on loans they have promised to pay. Most loan officers have programs in place to assist in these "short term" times of need. Ask your bank to defer a payment or two. There is often other things like making half payments for a period of time. Running and hiding and not returning their calls is what causes me to come to your house and take you car. It's a human reaction that people need to be educated against. Sorry to hear your out of work. Another job will come along and in time you will get back on your feet. Just stay in constant contact with all your bill collectors. Let them know your situation and ask them to work with you. If they refuse then I would suggest as soon as you can refi with someone else with half a brain.

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Yes they can repossess everything that you got a loan for.

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.

If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.

I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed

it is up to the bank to decide. Legally, as little as 1 cent.

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Not IF you reaffirmed the loan with the creditor.

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I have NO IDEA, WHY look here if there is NO ANSERS

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