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After 60 days on non-payment. I always reccommend to do return the vehicle to the lender yourself. It looks better on your credit as a self repossesion. Then once the vehicle is auctioned off and sold, you will be left with a remaining balance. Save at least .10 cents on the dollar or 30% of the balance in a savings account. Once this is saved, call the creditor/lender and negotiate a settlement. Get the agreed amount in writing that same day before making your final payment. Then request another letter stating the account is now paid in full - instead of settled for less. Good luck!
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∙ 15y ago
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Can a lock legally be cut off of a car trailer to be repossed?
Yes as long as the person doing the reposessing has the authority to reposess.
How long dues the Car dealer ship legally have to hold the repossessed vehicel before legally selling it?
is it true that a dealer have to hold a car for twenty one days before they can sell it after it has been repossed
What if you refuse to allow your car to be repossed?
If it is to be repossessed legally then you are guilty of an offence. The offence and the penalty would depend on the circumstances and the country in which you reside.
Who is liable if parts are sold from a repossed car?
The person or company that repossed it.
Personal belongings in a repossed vehicle in the California?
TO ANSWER YOUR QUESTION WHEN A CAR GETS REPOSESSED AND GETS RETURNED TO THE ORIGINAL OWNER ANYTHING AND EVERYTHING IN THE CAR IS LEGALLY GOING TO BE TRANSFERRED TO THE ORIGINAL OWNER OF THE CAR
If you are two months behind on a payment can your car be repossed?
First off it is not your car. The car belongs to the lender until you pay for it. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
If your car gets repossed can you get your possessions that you had inside?
yes
How do get your repossed car back in Arizona?
Pay what you owe.
Can my car get repossed from a private parking lot?
Yes, it can.
How do you find out who repossed your car?
The lender who holds the note on your car, is the one that repossessed your car.
Your car was repossessed how can you get your car back?
If your was repossed you need to call the car company and pay your car
Can a military members car be repossed?
Anyone's car can be "repossessed" if they don't make their car payment.....
