will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
You locate the car and remove it from the possession of the default debtor.
if you are behind at least 2-3 months behind in payments then they can come get it whenever they please
You absolutely can trade in your vehicle even if you are behind on your payments. When you trade a vehicle in the dealership you are purchasing from pays off your previous loan in full, so being behind on your payments will not affect anything other than the total amount due on your car. Of course when the new dealership runs your credit report it will probably reflect that you are currently behind and will also show how many months you are behind.
Just to be awkward, I rather think it should be 3 months' time. Months are not in possession of time !!!! I believe it would be "3 months time". Answer above is correct in that months cannot be in possession of time; however, "3 months' time" would still be giving the word "months" possession.
Typically a person is given three months or approximately 90 days to miss car payments before a car is subject to repossession. Usually the bank or credit union that issued the loan will call to try and arrange payments with the car owner.
If they are accepting your payments, they probably won't take your car.
1 year = 12 months 2 years = 2 x 12 = 24 months. Number of payments in a month = 2 Number of payments in 2 years or 24 months = 2 x 24 =48 payments.
It may be. More importantly, do you want your child to be homeless? If you fall far enough behind on the mortgage payments the mortgage company could foreclose ... and then where would your child be? More likely, your state will go to your employer to garnish your wages for the payments to make sure you fulfill the arrearage and stay on time with future payments. Answer these questions for yourself: are your car payments on time? are your rent/mortgage payments on time? have you bought yourself any clothing in the past couple months? have you bought any gifts for others in the past couple months? have you gone out to eat in the past couple months? If your answer to any of these is YES, then tighten your belt, grow up, lose the self-indulgence and act like an adult ... a parent. Short of significant physical injury or illness beyond your control, you will face consequences.
If you are caught with a bowl and have no other possession and are only using it for tobacco, than you will not receive any charges. However, drug possession is illegal and unsafe and paraphernalia can get you at least nine months in prison.
Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.
If you are late, depending on who you owe, you can get taken to a collection agency, charged fines and/or have your car repossesed. I actually know two people who couldn't do the payments, it may have been for a couple of months, and their cars were repossesed.
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
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.
How do we receive the government mortgage bailout money available up to $50,000 or 6 months mortgage payments?
$8.00 per hour. Pay is slow. Pay raises are even slower. Expense payments are months behind, and paid only after hours of phone calls.
Usually you must be several months behind on payments before they can shut off power. You could potentially get several months behind while "paying on the bill each month" if those payments were so small (e.g. $1 per month) as to have no practical effect on the accumulating balance due, but this might be a judgment call and talking to them about reasons you can't pay more at this time and how to get assistance would help prevent disconnection. However you made no comment on the size of the payments you are making, so I don't know if this is your case.
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
It sounds like you would be expecting a refund. You owe your mortgage payments even if your house gets destroyed. If you paid six months ahead your money is gone. You won't get it back but it would reduce what you own on your mortgage. However, if you have a mortgage then it is likely you have homeowner's insurance that would restore/repair your dwelling.You may also be expected to make your monthly payments. If you are contemplating this type of move it would be best to discuss it with your mortgage company before you send in any extra payments.
Send them a cashiers check for the balance in full. Otherwise, hope they do not repossess it. Can happen any time.
IF and only IF, you are listed on the TITLE as co-owner, you can go get the car. CO-SIGNORS have to let the lender do it their way.
Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.