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Repossession
What should you do if your car was repossessed after you mailed your payments?
Wiki User
2006-07-04 15:41:52
If you were late and in violaion of the loan agreement, the only
thing you CAN do at this point is to visit the bank and see if they
will make arrangements to continue the loan or optionally, pay the
loan in full in exchange for the title. The conditions of the loan
are important, and if you don't follow through with the terms of
the contract that you signed, the bank WILL take back the car.
Related Questions
Asked in Repossession
When your car has been repossessed can your tags be mailed to you?
I think yes your your tags should be mailed to you but better is
you have confirm with your car loan lenders.
Asked in Repossession
Can your car be repossessed if you lose your job?
No, but your car can be repossessed if you don't make the
payments.
Asked in Repossession
Ways to cause your car to be repossessed?
The only way you can have your car repossessed would be to not
make any payments. If you have taken out a loan and have not made
payments, they will take your car away.
Asked in Repossession
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.
Asked in Law & Legal Issues
What are reasons for a car to get repossessed?
If you don't make your car payments.
Asked in Cars & Vehicles
Can you be arrested for not paying your car payments?
maybe but your car would be repossessed
Asked in Cars & Vehicles, Repossession
How can you get your car repossessed?
dont pay the payments ever
Asked in Repossession, Auto Insurance, Auto Insurance Claims
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.
Asked in Repossession
What has to happen before a creditor can have your care repossessed?
A car cannot be repossessed until the owner has missed several
car payments and the owner has been notified of late payments. In
most states a car can be repossessed after three months of
non-payment.
Asked in Cars & Vehicles
In Kentucky how many car payments behind do you have to be before your car is repossessed?
Your car can be repossessed if you miss one payment. Not likely
they would do that but it is possible.
Asked in Cars & Vehicles
Should I keep making payments in a VW diesel car?
If you keep on missing payments on your auto loan, there is a high
chance that the vehicle may be repossessed by the bank.
Asked in Repossession
What causes the repossession of a car?
If you do not want your car repossessed, then you need to keep
up with the payments on your car. If you are behind on payments,
then your car could be taken away from you legally.
Asked in Auto Loans and Financing, Repossession, Co-signing
How can the cosigner of a car immediately have possession of it after it was repossessed by the bank?
When you cosign for anyone you are taking 100% responsibility
for the payments on that car. If the person that gets the car
doesn't keep their payments up it will be repossessed by the bank
with an option for the cosigner to take over payments or sell the
car and pay back the loan. Marcy
Asked in Repossession
How do you get your car repossessed?
If you don't pay your car payments, people go to your house and
take it away.
Asked in Repossession
What does repossession of car mean?
When a car is repossessed it usually means the owner is no
longer able to make the payments. It is repossessed by the dealer
or the bank in which to owner has the loan through.
Asked in Cars & Vehicles
Can you buy another car even though is repossessed?
If you have had a car repossessed, you have not kept up with the
payments. You probably still owe money on the repossessed car.
In these circumstances, the fact is that you can not afford to
purchase another car and would not be able to obtain the finance to
do so.
Asked in Repossession
Why does a car get repossessed?
The person who bought the car didn't make payments so the bank
takes it back.
Asked in Repossession, Nevada
Auto repossession laws in Nevada?
In the state of Nevada, if you do not make payments on a car you
are buying, it can be repossessed with no notice given to you. Once
repossessed, you will still be liable for all further payments even
if the car is sold at auction to another buyer.
Asked in Repossession
If your driver's license is suspended can your car be repossessed?
Not for simply having your licence suspended. Now, if you lose
your job as a result of it, and are unable to make your car
payments, then it can be repossessed for nonpayment.
Asked in Repossession, Insurance, Auto Insurance, Tickets Points and Auto Insurance Rates
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance
should cancel it.
Asked in Repossession
If a car was repossessed and you called and said you would pay all late payments why wouldn't they let you have the car back?
Perhaps the car is worth more than the remaining payments!
Asked in Auto Loans and Financing, Repossession
Can your car be repossessed by the car dealership if you never gave proof of income?
If you are not making the required payments to the finance
company that holds the lean on you car it may be repossessed. Proof
of income is not required or relevant.
Asked in Repossession, Co-signing, Debt Collection
Can a car be repossessed because someone is borrowing it?
I wanted to add to my original question...Our car was
repossessed by the finance company because they said they found out
someone else was using the car because of car payments being sent
from a different address. AND, they stated that they wanted to see
the condition of the car. I thought a car would only be repossessed
if you were late on payments? I have never heard of this, so I
don't know what is going on.