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What should you do if you have not been able to make payments for several months but have not heard from the finance company?
Wiki User
∙ 12y ago
"What should I do?" Legally, you should contact the leinholder and arrange to deliver the car to a mutually agreeable location. That's probably stated in your contract. Keeping the car is only costing you money.
Wiki User
∙ 12y ago
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Can a finance company repo your car if you are current on payments?
No...if you are completely current...and have nothing owing from previous months..again no.
Can you sue your mortgage company in your state or do you have to sue in the state they are HQ'd in?
I LIVE IN LOUISIANA, MY MORTGAGE COMPANY GAVE ME THREE MONTHS DEFERRED PAYMENTS. NOW THEY ARE TRYING TO FORCLOSE ON MY HOME FOR THE DEFERRED PAYMENTS. I WAS SENDING PAYMENTS AFTER 2 MONTHS THEY REFUSE MY PAYMENTS BECAUSE THEY WANTED THE 2 MONTHS THAT WAS DEFERRED. CAN I SUE THAT COMPANY IN MY STate? desperate
How long does it take to repo a car in Ohio?
That depends on several things. The first is the finance company that has the note, then the recoverey company they hire to come and get the car and the last is how long it takes to find the car. It can take a day or months.
You sent a check for your last 4 months of car payments The finance company sent you a release of lien then called to say the check had bounced They just repossessed your car - is that legal?
In effect, the car isn't paid off. If you check your documentation, you will find that they can do that. If the cheque bounced, the payments haven't been made.
What should you do if your payment is late 4 months and the finance company hasn't picked up your vehicle?
They will likely be by to pick it up soon. They are giving you every oportunity to catch up the payments(they REALLY dont want the car back, they want the money).
Can a finance company repossess your car because you lose your job?
Yes. Normally if you are 3 months behind the finance company can take back the collateral. This is a default. Remember, you signed a contract with the bank stating that you would make your payments. It's not their fault you can't pay. However, any decent bank should be able to work with you in the event you lost your job. The key here is to communicate with them and don't dodge their phone calls. If you are honest with them, you can normally buy yourself a couple of months.
When can the government repossess property such as a car?
when you arent making payments for several months when you dont pay your taxes
Can a finance company in Texas repossess a vehicle if one payment is missed?
Check your loan documents but they can if you are one day late. Most don't because they really want the money. Three to six months late on payments the REPO man will be looking for ya.
What is the shortest number of months you can get a Citi auto loan for?
You can get a Citi auto loan for shorter months if you are willing to make big payments monthly. It all depends on your finance and what a person can afford to pay monthly.
What are accruals and prepayments?
Accruals: Accruals are those items the benefits of which has already taken by company but the payments are not yet paid or services of which are already provided but amounts are not received yet Example: rent accrued for previous 6 months but not yet paid. Pre payments: Pre payments are reverse of accruals as these are the payments which have made already but the benefits of those payments are not yet taken by the company. For Example: Prepaid rent for next 6 months.
Been in jail 9 months car in collection want to start making payments?
Contact the lending company.
I bought a jeep out in finance and then lost my job im on social welfare payments can my finance be brought down a small bit?
Depending on how long you have owned the Jeep you have a couple of options. 1. Say you've owned the Jeep for 20 months and have another 40 months to go. You have paid off a certain amount of the vehicle and usually the bank can readjust your loan back to 60 months of payments. This will lower your monthly payment. 2. If you recently bought the Jeep you can tell the bank your situation and they may be able to lower your payments for a determined amount of time.
