0
What if you pay 95 percent of your car loan and you stop paying Can it be repo?
Wiki User
∙ 13y ago
Yes! Even if you've payed 99.999999...% your car will still be reposessed.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What happens if you stop paying your car loan?
Repo.......homo
What happens when you stop paying on a vacation points loan?
Forclosure.
What can you do to stop car repo overseas?
There are a number of things that you can do to stop a car repo oversees. One of the best options is to ensure that you pay up the entire car loan and any other relevant charges.
What happens if up you stop paying your car loan and move to a different state?
It is a felony if you take the car across state lines and you are no longer paying on your loan.
When will the title loan people in Utah stop looking for your car?
Don't you mean the repo man? They never do. They are GOD
Can you take out a home equity line of credit with a cosigner?
Yes, as long as the co-signer is fully informed that if you stop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.Yes, as long as the co-signer is fully informed that if youstop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.Yes, as long as the co-signer is fully informed that if youstop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.Yes, as long as the co-signer is fully informed that if youstop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.
When is a car loan in default?
When u have not paid to loan payment for last 3-4 months or you just stop paying altogether
How can you stop a repo?
The #1 best way to stop a repo is to PAY YOUR NOTES or make arrangements with the LENDER. The lenders starts the repo, they stop the repo. Pay your bill.
How do you get a vehicle from the person in possession if you are co-owner and he is not paying the loan?
Check the vehicle registration, if you are the only one on the registration and you are paying the bills, then you are the legal owner. You can call it in as stolen and get the car back that way. ************************************************************** If you are a cosigner on a car that is in Repo status then you either need to pay the lender they are asking for (In order to stop the Repo) or the Repo will go on your credit as well. This can very by State so I would check the laws in your state. Remember that when you cosign a loan you are as responsible for the payments as the person you are cosigning with. Hopefully you saved the paperwork you signed when you financed the car, I would find the papers and read the fine print (your responsibilities are in that little text somewhere).
What happens when a co signer dies and you stop paying on car loan?
bank takes back
If your loan is current and you turn the vehicle back in to the lender can it still be reported as a repo?
YES! A repo is a repo. If you turn the vehicle in to the lender and stop making payments this is called a voluntary repossession. The lender will sell the car and you will be responsible for the difference in what the car sells for and the balance on the loan. It will be reported to all 3 credit bureaus as a default on a loan, and your credit will be ruined for 7 years. You would however save to repo fees such as towing. Do not do this. Call the lender and work something out if possible.
When having a student loan does the government stop paying you your child care benefits?
If you are in default on a student loan, any payments due to you from the government may be withheld and applied to the loan.
