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When they repo your car can they sue you even if you told them you could not make payments?
Wiki User
∙ 16y ago
Yes. If there is a deficit in amount owed and what the vehicle is sold for, the borrower can be sued for any outstanding loan balance plus legal fees and other charges. Only the terms of the lending contract is relevant, not the issue of whether or not the borrower informed the lender that they were unable to meet the financial obligation.
Wiki User
∙ 16y ago
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Can you repo a car if you signed the loan but your ex-spouse is the only name on the registration and she is not making the payments?
You CANT legally. She could report it STOLEN if you did. Best thing to do is contact the LENDER and assure them that YOU will make the payments IF they will repo it. AND get the registration out of her name. They can do that AFTER repo. Good Luck and MERRY CHRISTMAS.
Husband deployed I can't make payments on his truck can his truck be repo?
Yes
In a private transaction in California can I without a repo service repo a used car from the buyer who didn't make payments?
Only if you put a lien on the title
Can't make the payments and can't sell what do I do?
Talk to the lienholder to see what they want you to do. You might be able to renegotiate the payments. As a worst case scenario, you could do a voluntary repossession, which at least saves you from having to pay the repo fees.
Is becoming a repo man a good idea?
IT'S A GREAT IDEA... THEY CAN MAKE THEIR CAR PAYMENTS
If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?
A repo is a repo is a repo.
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.
Are there any problems with buying a repo bike and is repo is the same as salvage when you register the bike?
NO, repo is not the same as salvage. Make sure you get a clear title. Think about one thing. If the person who owned the bike could not even make the payments, how well do you suspect he took care of the bike? repos are usually not good deals ,the bank is tryuing to recover the money on the loos .try purchasing from a private seller that has the same bike,i assure you you will get a better deal
How long can you be late on car payments before they can repo?
Read your contract. One day. As long as you are in default of the contract, the lender can repo the collateral. That could include no ins. coverage.
When will they repo?
When you dont pay your payments on something
If a car is repossessed and you agree to make some kind of payments ever month will they still list it on your credit as a repo?
Yes but it will also list that you are making payments!
Should you see if your bank will repo your car as you just can't keep making the payments and when you do they are late you have had the car for 4 month now you know it will make your credit bad?
I need to know how long does it take the bank to repo your car if you are 2 payments behind. Can I make arrangements to make a payment next week
