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What will happen if you dont make any payments or turn the car back into the bank?
Hashmi123
The vehicle will be repossessed in all likelihood. There is an entire national industry dedicated to locating and securing vehicles with defaulted loans. The people who work in this industry are very good at locating your car, your home, your family, your friends, your place of employment, your bank, and all of your other assets. Save yourself the grief, give it up or pay it current.
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∙ 13y ago
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Can a collection agency repossess a car that a bank owns but you are making payments on to the bank?
carolene, normally, banks dont turn accts ovet to CA unless the payments are NOT being made. Have you bothered to call the bank and inquire as to why this is happening?
What will happen if you dont pay a title loan back?
you get your items taken away and may have to enter civil litigation for the bank to reclaim the remaining amount if any
My husband died a month ago and i dont know what to do with the car' s monthly payments it was only on his name?
I imagine that the car is now legally your responsibility. If you stop making payments, the bank that financed its purchase may try to take the car back, and your credit rating might be damaged.
Can you buy a car for your kid and they make the payments?
If you cosign the paperwork will come in your name and if they dont pay it comes back on you.
What if you dont have the car you put up for collaterall?
This is foolish if you cannot pay the payments. Get the car back or risk repossession.
What do you do when the bank tells you they will cancel your arranged payment on a car loan account?
== Arranged payments== In my experience they will repo your car, if you dont make other arrangements.
What is a Telegraphic Transfer payment?
Telegraphic transfers are bank to bank transfers, which are normally done through Internet Banking and you dont need to physically go to the bank to make the transactions. This cuts down time, money and resources if you make international payments very often.
If a bank does not hold the title to a vehicle and no bank lien is shown on the title can the bank repossess the car if payments are behind?
This is a rerun. IF someone is making paymnst, there is a security interest somewhere. Dont be fooled by the title and the leinholder part. They have a perfected lien on it. Good try, no candy for you.
How do you convince the judge you dont have the money to pay back?
your honour please see my bank drafts
Why do banks bank?
because if they dont bank they dont get money, and there will be no banks
When will they repo?
When you dont pay your payments on something
What will happen if you come back to your country with out getting alien card?
i dont know maybe u cant go back again
