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What else can I help you with?
Can you be sued over a defaulted car loan in Texas?
YES
What happens if don't pay the car loan?
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
Would I be responsible for a car loan that my ex-husband defaulted on if he got the loan when we were still married?
no
Can you be on title but not on the loan?
car is in wifes and my name, she got a title loan unknowingly from the husband. She defaulted, can they take the car from the husband?
Can you settle a defaulted student loan?
In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.
What legal recourse is there for the cosigner when the person that was cosigned for has defaulted on the loan?
The usual legal recourse for the cosigner when the person named as the primary on a loan has defaulted, is to make the payments on the loan. Then, the cosigner can take the person who defaulted to court to try and recoup some of the money they are out. If the loan was for a car, some states allow the cosigner to take possession of the car and sell it to recoup losses also.
Can your car be repossessed on a title loan after gone into collections?
Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.
If you cosigned an auto loan for your niece and she has defaulted can you repossess the car from her?
yes you may take the car back considering she defaulted on a aggrement between the 2 of you and the bank you are liable for any unpaid debts on the car therefor the car is yours as well....
What is the benefit of getting defaulted loan off of credit report versus paying off defaulted loan?
ask an asian.
Can a cosigner on your college loan sue you?
Yes, if you defaulted on the loan.
Is it illegal to reposses a vehicle outside the stste?
No it's not illegal to repossess a car outside the state. It is illegal to leave the state with the car that you have defaulted on the loan.
Can you sue the borrower if they defaulted on loan if im the cosignor?
Yes, you can sue the borrower and receive a judgment if they defaulted on the loan. They can also sue the cosigner.
