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What else can I help you with?
What if your car gets repoed twice?
Then you should pay your bills.
How late can you be before a car is repoed?
3 months
If a person gets their repossessed car back within a certain amount of time can the bank report it on their credit in Arizona?
If a person's car gets repoed, the bank can report it on their CR in any state. When they redeem it doesnt matter, its the fact that it got repoed that gets reported.
Can you be charged for a car if you let the car be repoed?
Lets say your financing a brand new car. You owe $25,000 on it and when it gets reposessed you still owe $18,000. The reposession company will sell the car and that gets subtracted from what you owe. Lets say they sell it for $7,500. So they would subtract $7,500 from $18,000 which means when all is said and done, you still owe $11,500 on the car.
What happens to your credit if you pay all your bills on time except your car payment and your car gets repossessed?
You get a BIG black mark on your CR and future loans will be at a higher than normal interest rate and/or a higher DP. PLUS, you will still have to pay the remaining balance on the repoed car. Do your best to SELL the car before repotime.
Does a repoed car have to be sold at auction?
No. Who ever holds the note gets to decide how the vehicle is resold.
How will filing for bankruptcy help before your car is repoed and if you are not able to file in time how soon will they garnish your wages in Ohio?
"How will filing for bankruptcy help before your car is repoed? As soon as the B/K is filed, an AUTOMATIC STAY is in force. lenders must stop ALL collection efforts. If your not able to file for bankruptcy before being repoed how long will it take for them to garnish your wages in Ohio. ": That will depend on how quickly the lender files the paperwork, the court gets to it,ect. Guesstimate?? 1-6 months.
Why would the lender tell the debtor that it is not cost effective to repossess the car?
Because they would have to invest more money to get it repoed than they could get back when its sold. Example: car will sell for 1000 as-is vs having to pay 1000 more to get it repoed and it would still only sell for 1000.
Can a car be repossessed before the end of the business day?
dont see why not. I've repoed a car within a hour of getting the assignment.
If your car is repoed before the ins adjuster sees the car is the used car lot even though there not on the insurance and you don't have the car anymore do i keep the check?
if you want to
Can you get your wheels back if car was repoed?
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
My car was repoed can i file bankrupt and get it back?
NO.
