answersLogoWhite

0


Best Answer
Copy

Yes, as with most retail contracts, once you the borrower has defaulted on the contract, the full balance owed is due. The lender no longer is bound to take partial payments of any kind. The lender may elect to reaffirm the contract, but in doing so, it is in the best interest of all parties to resign paper.

User Avatar

Wiki User

โˆ™ 2009-10-25 16:25:26
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +5 pts
Q: When you try to catch your payments up to current do they still have the right to keep the car from you?
Write your answer...
Submit

Related Questions

If your car is in the shop but you are still making payments can they repo the car?

Not as long as the payments are current and have remained so.


If you have hidden the car until the payments are current can they still repossess?

As long as the contract is in default, the lender can repossess the collateral. Which would mean no? correct?? If the payments have became current the loan would no longer be in default? I am I right or wrong? You are wrong if the bank has already sent you a "notice of right to cure default" demanding full payment of the loan. Then they may (probably will)consider all the caught-up payments as part of that full payment and you have not satisfied the default. I guess it depend what state you are in, because I know in MD you can have the right ot get the car back one time, by simply becoming current with your payments and any of the repo fees.


If you own more than one property and you are foreclosing the other property how will it affect the property that is still current on payments?

There will be no affect to the house with the current payments. Even if they are with the same lender. But it will hurt your credit badly...at least for 4 years.


What if your car was repossessed but you caught up payments in 7 days and how will this affect next car purchase?

It will hurt your credit but also will show you made catch up payments and are current. So if you were to buy another car in the future and they ask about it they will still lend you money for the car but you may have to put more money for a down payment.


Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?

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.


What happens after DNA testing Do your payments starts right away if the test come back positive?

The court still has to order the payments, but the court can go back in time, to when the child was born for example, and "start" your payments from back then.


When filing chapter 13 repayment plan do you still have to make your current monthly payments or through filing bankruptcy can they be lowered?

You have to make whatever payments are required as determined by the BK analysis, which should be lower than trying to make all your normal payments.


How many payments do you have to catch up on to get your car back?

You have to get current on your payment, plus the repo fees, plus the repo agency storage fees. And you have to do it before the lienholder gets impatient and auctions off the car - once that's done, you're still responsible for the remaining balance.


If you cosigned on a loan and voluntary have it returned can the company still come after you if the primary signer is making payments?

Don't understand what you mean by the phrase, "...voluntary have it returned..." However, as long as the primary indebted party is current in their payments there would be no reason for the loan company to contact you for payments.


Is Microsoft Exchange Server still current?

Yes, it's still current. It is also still the best choice available on the market today. There are other choices, but this is the right one to go with.


How do you catch Makuhita in Pokemon Omega Ruby?

You can catch Makuhita in Pokemon Omega Ruby when it is still down, right before it rises to its feet.


Is it illegal to sell a car when your still making payments on finance?

No its perfectly legal and if you are still making payments on it, that increases values.


If you make payments to an attorney for a bill you owe can he still sue you?

Anyone has the right to sue if they feel wronged. But for an attorney to sue a current or former client when the client is actually making some form of regular payments would be very unlikely. Unless the amount of the payment was just out of proportion low, like paying $10 a month on a $7,500 bill.


Can the mortgage company at any time take your home away if you are still making payments after bankruptcy?

Ususually in BK a house is either voluntarily surrendered, because it is not possible for the borrower(s) to keep up payments.. Or the buyer reaffirms the loan with the lender and works out a plan to repay missed payments. If your mortgage payments are current, I see no reason why the lender would seek foreclosure.


Can a bank still repossess your car if they said they would cancel it and you have made payment arrangements to get current?

If you continue to make payments as agreed, on time, you should be safe from repossession.


If you have been late on payments and they want to repossess can you still catch up without paying the remaining balance of your loan?

That option is up to the LENDER. Call the lender ASAP for more info.


Is it illegal to take a car out of state when you are still making payments on it?

Not as long as you continue to make payments on it.


Can someone else pay child support payments in Texas?

A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.


If you cannot pay off a car loan on time but still want to make payments can you set up a payment plan?

Probably. Contact your lender while the loan payments are still current, and they'll be much friendlier and more cooperative. Don't wait until you're behind. Remember, they don't want to take your car, they want their money. Probably. Contact your lender while the loan payments are still current, and they'll be much friendlier and more cooperative. Don't wait until you're behind. Remember, they don't want to take your car, they want their money.


Can you defog the area and still catch bagon?

Yes, i did it and still found and catch some of them.


What if there are no signs herpes can you still catch herpes?

If the person is infected, and there are no signs, you can still catch it.


How can you find out if the bank still owns your car if you never registered the car in your current state?

If you possess the title, then you own it. If you've been making the payments, you should know whether or not you've defaulted on them. If you haven't finished making the payments, the financier owns that vehicle.


What if you pay support and back child support and the child comes to live with you?

You would still be required to pay any back child support as those payments were actually due while the child did not reside with you, and in essence your ex was accepting an iou in lieu of those payments when they should have been paid. Regarding current payments you would need to go back to court to have the child support order modified to reflect the current situation.


If your house was not reaffirmed before your ch 7 was dismissed does your mortgage company have the right not to show on your credit reprt that you have a house and are making payments?

Yes. Failure to reaffirm means that you cannot be sued to recover a deficiency. You can still make the payments.


What will happen if your car is repossessed in NC?

Either you'll get your payments current plus repossession fees, or your vehicle will be auctioned off, and you'll still be liable for the remaining balance after the auction.