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You are financing a vehicle but you can no longer afford payments what can you do?
Wiki User
∙ 14y ago
Talk to the lender, or you can file Chapter 13 Bankruptcy to lower the payments where you can afford them.
Wiki User
∙ 14y ago
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What should you do if you are the primary on your car loan but the cosigner has been paying and you cannot afford the payments any longer?
Sign off your interest in the vehicle to the primary, letting him/her have the right to sell or drive the vehicle. Either way, the primary needs to have control of the property that he/she is paying for.
How do you get a co-buyer off of a car loan if they are in default?
You don't. If the cobuyer has possession of the vehicle and is no longer making payments, you as the buyer may take possession and either take up and make current the payments, or voluntarily surrender the vehicle. Failure to do so will result in repossession, and will adversely affect your credit.
Do most finance company allow you to pay the late payments and then continue with the agreed contract if the vehile was repossessed?
If your vehicle has been repossesed then your best option is to no longer make payments until this vehicle has been resold; which takes place through an auction. Once vehicle is sold you will receive a final bill for the remaining amount that was left over. The final stage of this process is to settle for 30% or less on the remaining balance.
We own deeded timeshare property in Florida and South Carolina with Wyndham. We can no longer afford to pay the monthly payments. What options do we have so we do not lose any more of the money already invested into the property?
you might want to sell it as fast as possible
Auto financing in case of death?
I hope I am interepreting your questions correctly. If you have a deceased individual with an auto loan then contact that lender and explain the situation. Usually this loan will no longer exist, and the vehicle will be picked up. If there is a co-signer on that loan, then that person will be responsible for that debt, and should take full ownership of that vehicle.
If you have two years left on a leased vehicle but you can no longer afford the payments can you return the car to the dealer?
You will have to pay any balance due after the car is sold and then it ruins your credit.
What should you do if you are the primary on your car loan but the cosigner has been paying and you cannot afford the payments any longer?
Sign off your interest in the vehicle to the primary, letting him/her have the right to sell or drive the vehicle. Either way, the primary needs to have control of the property that he/she is paying for.
You bought a car with gmac through finance after one month you realized that you made a mistake as you could not afford to meet the monthly payments what should you do?
First see if you can get the vehicle financed for a longer period of time, thus lowering your payments. If you can not do that then call the finance company and see if they can help some other way. Last, you may have to give the vehicle back.
What is the best thing to do after you've refinanced your home but still don't want to make the monthly payments because their still too high and can no longer afford the payments?
Answer You should have talked to a bank consellor before re-financing your home to see if you could afford it. The fact that this apparently didin't happen,leaves you two things you can do. Throw yourself at the mercy of the bank and good luck to you, or sell the home as fast as you can before the band forecloses on your mortage.
Can you self repo your car?
Yes, you can self repo your car if you can no longer afford your car and is financially unable to pay the payments for your car.
How does a lease swap for automobiles work?
A lease swap transfers a lease (and vehicle ownership) from one individual to another. The new owner is now responsible for making payments and the original owner relinquishes responsibility. This is essentially a way for an individual to get rid of a car if they can no longer afford payments. However, some companies may charge a fee or penalty for such a swap.
When someone assumes your finance payments are you no longer responsible for the vehicle?
IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.
What Are The Benefits Of SBA Financing For My Small Business Enterprise?
SBA loans provide longer terms which indicate lower payments that allow you to hold more working capital for your small business enterprise.
How do go about returning a vehicle only nine months old?
You cannot return a vehicle once you've signed the papers and taken the car off the lot. If you are unhappy with the car or can no longer afford payments, then your best option is to sell it person-to-person. If you bought the car new, then chances are you will not get when you owe on the vehicle because it has depreciated so much. You may have to make up the difference to pay off the loan if you sell the car.
Where can I find housing options for low income seniors in Chicago?
My elderly mother can no longer afford her rent payments. Where can I find housing options for low income seniors in Chicago?
What kinds of services does HSBC offer for financing a car or vehicle?
As of August 6th, 2008 HSBC is no longer taking on any new financing for a car or vehicle. They will still honor any exsisting loans as well as all pre-approved offers. If you are an exsisting customer, visit you may want to call 1-800-418-1888
How do you get a co-buyer off of a car loan if they are in default?
You don't. If the cobuyer has possession of the vehicle and is no longer making payments, you as the buyer may take possession and either take up and make current the payments, or voluntarily surrender the vehicle. Failure to do so will result in repossession, and will adversely affect your credit.
