Only if you pay up all the arrears payments that caused the repossession process to begin in the first place. Partial payments will have to be negotiated with the original lender.
Typically when it comes to car repossession, a customer has to worry about their car being taken when they have missed three payments. Sometimes repossession can be held off by just contacting the company and reassuring them they will get their money.
If you have equity in it, sell it. If you have a relative who wants the car and has 15k, take the money, pay off the loan and sign the car over to the relative.
yes
Pay it off, voluntary repossession, sell the car and pay it off.
Yes, a charge off does not mean that the debt is not owed nor collectible. The creditor/lender will generally use whatever means necessary to recover property and/or money owed, including repossession and litigation.
7 years
When your car is repossessed, it is typically taken to a secure impound lot or a repossession agency's facility. The vehicle is held there until the lender decides to auction it off or until the owner pays the outstanding debt to reclaim it. The location can vary based on the repossession company's policies and local regulations.
When a repo man pays off a car, it typically stops the repossession process because the debt on the car is cleared. This means the car no longer needs to be repossessed since the debt has been settled.
If you bought it with drug money or an illegal activity, yes.
Pay it off, or, make some sort of deal with the bank to get caught up,
If your power gets shut off and you go in and pay the bill current, did your power get shut off?
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.