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What happens when your title to your car is help up because the auto finance company has gone out of business and left the loans to no one?
Wiki User
∙ 12y ago
you still need to pay companies or firms that takes over control from the previous company
Wiki User
∙ 12y ago
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What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
What happens if car dealer lies to finance company?
who the hell noes that?
What happens if you have a clean title and loan is secured can finance company still repossess?
Maybe
What happens if you part out a financed car?
You still owe the finance company the balance owed.
What happens when car dealer is misleading customer and finance company?
usually called FRAUD
What happens to a loan if a finance corporation files for bankruptcy?
Nothing spectacular happens. And you are still liable for the loan payments. Most bankruptcy filings are for Reorganization, not for 'going-out-of-business'. The 'filing' of bankruptcy is done in a Bankruptcy Court. A judge oversees the orderly progression of the bankruptcy. If the finance corporation has filed for reorganization, then you will continue paying them -- because they are not going out of business Otherwise, your loan and every other loan will be sold to another financial institution -- and you will pay that new company. No matter what, you still have to pay the full amount of your loan.
If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?
It belongs to the insurance company
What happens if the car gets stolen and its still on finance?
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
What If marginal cost becomes higher than price what happens to a company?
The company will go out of business
What happens to a company if marginal cost becomes higher than price?
The company will go out of business
What happens if you contact a finance company about your car loan they will be financing and tell them know you don't want them to finance it?
As long as you haven't signed the contract, you will just have to find other financing.
When a car loan company go out of business what happens to your loan?
You continue to pay it as normal because your loan is thru a bank not the actual company, if your financing thru there company then you should be going thru a bank now.
