I have a welding machine on the truck they repossessed can they keep that?
Cancel your policy.
You can be sued and your car repossessed.
The car will probably be repossessed.
Your debt is then written off as the car covers the cost of the debt.
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.
The vehicle can be repossessed.
check the local pound.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
Absolutely. Once the car is considered repo'd it is all paperwork, otherwise you could just hide the car from the lender.
if i get my car repossessed, can they put a llien on the house?
Will be repossessed, be patient. You either pay off, or pay off. No longer able to make payments. They will repossess the car and sue for the difference. Sorry.