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Your 5 year car loan after 4 years has been charged off due to non payment over a year ago What now and how do you go about paying and having it not repossessed?
Wiki User
∙ 12y ago
where are you sposed to send the usual payment send it now!!!! or it will be repossesed in the next 3 days! call the number of your loan people and make sure they know you want to pay so they don't reposess. If by chance you were paying bigger payments then the required you Amy have payed it off before it was due. and ther efor owe them nothing.
Wiki User
∙ 12y ago
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What are the best ways to rebuild your credit after your car was repossessed?
Paying off what still owed on the loan is a GREAT start.
Can I pay an extra monthly car payment to speed up the pay-off, like on my mortgage?
Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.
If you pay your entire balance after your car is repossessed and the car is returned to you why will the lender report negative on your credit report?
Paying the car off was good but having to repo it to get it paid off was BAD or negative. the lender did report that it was PIF,HUH?? So they reported the good and the bad.
Is paying mortgage off a bad idea?
Paying off your mortgages can negatively impact you at tax time. Some CPA's suggest their clients maintain a minimum balance on their mortgage in order to maintain their tax "write-offs". This downside may not outweight the benefits of having no mortgage payment.
I financed a vehicle for one amount now my first payment is due and the payoff amount is higher than the borrowed amount. Is that correct or legal?
Are you including the interest that is being charged on the borrowed amount? When you borrow money, say $10000, you are charged interest on that amount. So you'll end up paying far more than the $10000 you borrowed.
Will you get sued in Texas for not paying for car?
It is more likely the car will be repossessed by the lending agency, if you have defaulted on the loan. You may also be charged criminally. If you simply took a car without paying for it, this is classified as grand theft auto and, if caught, you will be charged criminally.
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
When I issued a shipping label on UPS website and arranged for pickup, it was initially displayed as 20.85 USD, but after paying 20.85 USD at the PayPal payment stage, I was charged an additional 8 USD. Why was I charged an additional 8 USD?
The extra cost might be for the interest payment
Can you charge a repossession fee for a vehicle that was voluntarily turned in?
mine was charged, i left the junker at the car dealership and when i finally got sick of paying for a car i hadn't touched for months, they repossessed something they had possession of.
Can your driver's license be suspended for not paying the balance of a loan after the vehicle was repossessed?
No. Absolutely not. Your driver's license cannot be suspended for not paying a loan or the balance of a loan, repossessed or not even if you get threats from the loan company.
Can you get your vehicle possession after your vehicle was repossessed?
by paying the bill or rebuy it at an aucton
Can you be arrested for not paying your car payments?
maybe but your car would be repossessed
How do you get your vehicle repossessed?
By not paying the payments needed or by government seizure. Zaragotha (Zara)
Can you get out of paying the pmi payment with out paying the full 20 percent?
No.
Can a car still get repossessed after 6 mths of not paying the note?
Yes. If you have not paid for it then it is not yours.
Why does paying off accounts payable not affect net income?
Paying off accounts payable not affect net income because it is charged to income statement already at time of purchases now it is just the payment of cash which charge cash only.
Can you get your property from the car if it has been repossessed without paying a fee?
Can I get my personal property from the car if it has already been repossed without paying a fee?
