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Read your loan agreement.Yes you will have to pay for balance of the loan after your vehicle is sold or auctioned.Your current or past job status makes no difference to the bank.

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19y ago

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Where can repossessed cars be bought?

Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.


Can an ex-spouse be responsible for a repossessed car also if they are the first one on the contract?

YES, IF YOU ARE ON THE CONTRACT. but that also means you have rights to the car as well as the ex spouse....if he lets the car get repossessed it will also effect your credit.... we have live consultants that can help you with this specific situation ...so try our website www.stoptheREPOman.com DO NOT LET YOUR CREDIT BE RUINED OVER AN EX!


Where can I have my credit score checked to purchase a house?

There are many things you can do to improve or build your credit. First co sign on a loan with someone else to increase your loan amount. Also, pay down any debt that you may have. Do not max out credit cards.


Can a car be repossessed if the owner dies before the first payment is due?

The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.


If a car is repossessed twice will it show up on your credit twice?

I'm struggling to find a way for this to happen. If they took the car the first time, how did it come back for a 2nd repo? I have to imagine that you somehow bought the car once more and somehow landed financing for it again. Then, the 2nd company repossessed it. If this is the fact pattern, yes, it will show up twice.


What is a good check register for a small business?

You could have your credit score checked. There are a number of websites which will do this for you. Experian is a good example but will charge you, so make sure you check this out first


Should you file bankruptcy when your car gets repossessed?

That totaly depend on what else is happeneing in your credit world.. Just because your car gets reposessed? NO once they take your car there is nothing else you need to do with them. If you are in debt for way more than you can handle then you might want to think about bankruptcy, But first talk to a credit councellor, sometimes they can get your interest totally wiped out and lower your monthly payment low enough for you to handle them. Defifnitely talk to a credit councellor first!


What should I do first fix bad teeth or get heart checked?

you shall get your heart checked first ... important things come first such as your life.


How can you get your name off the credit report if your ex let the joint credit card get charged off and the truck was repossessed?

The divorce is of no consequence. If your spouse and their ex opened joint accounts while they were married, they are jointly liable for those accounts and both credit reports will reflect the history. A divorce never supercedes any other contract. You mentioned that the accounts were "both in other spouses name". If that were true, the accounts would not be on your spouse's credit report in the first place.


If you had vehicle repossessed seven years ago and it has been turned over to a collection agency will the collection stay on your credit report until it is paid in full?

* The question is a little vague, however here's what I can say: IF, and it should have been, the repossession was first put on his credit report 7years ago then no. Any negative credit - excluding bankrupcy - by law must be taken off your credit report after 7years of its last active date (this is either when it was put on, or when you last paid it).


When did promisians first evolve?

they didnt


Does it matter credit wise after a car is repossessed whether you pay off the balance immediately or let bank auction and settle the difference?

Nope and it doesn't matter if it is a voluntary or involuntary repossion. Once the first payment is overdue by 30 days it automatically goes on you credit report as an overdue payment and then once the car is reposessed it goes on your credit and makes NO note to why it was taken back or whether you gave it back and even if you pay the amount off it is still on your credit for 7 years