you can sell the car and pay off the balance. or transfer the loan to a potential buyer or make arrangements with the lien holder for different payments but do not let your loan get behind you will lose your credit and the car and all you have paid on it good luck
what happens if you become unemplyed and wish to reduce your mortgage payments are there any options in holland
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.
You should be a non-occupying co-borrower on the note, which means that you will not be living at the residence but you are vouching for the primary borrower in case he/she cant make payments. So basically, your credit is on the line. If you didnt handle the situation in that manner there are numerous other possibilities.
typically the first name on the loan is the person responsible for the payment of that account. if the first named person cant make the payments, the loan company will turn to the co-signer ( 2nd name ). if neither party makes payments the loan will go into default in which both parties will have reports on there credit history.
Virtually no insurance company offers a loan against a paid up policy - they thoughts are if you cant keep premiums up then you wont be able to keep loan payments up.
The answer is Pugu
Of course.
sorry to say but you cant
what can you do when you cant make a car payment what can you do when you cant make a car payment
No you cant do that. They accept only direct payments.
Call your lender.
yep....pay it off so they cant
keep it into a garage or on a friends property, not a relatives
what happens if you become unemplyed and wish to reduce your mortgage payments are there any options in holland
"""the co-signer do if the lender can't"""????????? New one on me... IF the debtor/signor cant/wont make the payments, the co-signor is obligated to make the payments to the lender. The co-signor can demand/beg/plead/con/coerce the signor to let co-signor have possession of the collateral just like the lender will if the payments dont get made. Does that help?
IF you are the REGISTERED OWNWER, NO. You cant steal your own car. They can REPO it.
I would sell the car. If they wreck then you still have to make the payments and then no one has the car.