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They will sue you in court....Win...and garnish any settlements you may be receiving from the government. If they can not garnish any type of payments you receive, they will garnish your tax return, if you get one, or put leins on any property you may own, including other cars, homes, etc. You will be required by law to make monthly payments to the bank, or they have the right to repossess whatever they have a lien on, including that already paid off car, your home, etc.
AnswerALSO: by failing to send the title to the car as agreed when you purchased the car, you are technically guilty of fraud, and you could even be charged in criminal court.
What else can I help you with?
What if you have disability insurance and become disabled can they take your car your credit and still ask for money when the disability insurance was purchased to cover that type of event in life?
It is your responsibility to see that the DI pays you and YOU pay the payments on time. rem your agreement with the lender stated that YOU would make the payments on a certain date. HOW you get that money is up to you.
Do welfare recipients have to pay welfare back?
Yes you must pay back the money granted to you unless you are disabled in which case SSI handles back payments.
Can you be allowed to keep your home if you are disabled and can no longer pay if your file bankrupt?
Since you mention making payments, i will assume you do not own your home outright. If you cannot afford the mortgage payments, the lender will foreclose. Regardless if you are disabled or not. However, you would still able to receive any money (up to your state exemptiom amount) from the sale of your house after the lender is paid off. If you have no equity, then you will surely lose the house if you make no payments.
Can a loan company reposses my car they do not have the transfer of lien on?
If that loan company loaned you money and you used the car as collateral and failed to make payments on time, they can, and will repossess the car.
What is a financed car?
A "financed" car is one that is purchased with money that is loaned to you. You then make monthly payments at a certain rate and percentage for a certain number of years and months. The car is owned outright by the one who lent the money.
What happens if my girlfriend dies and we own a house together?
You will deal with all the payments unless the house was in her name or she left money for you. The insurance purchased to secure the mortgage should pay out.
You have motgage insurance through your leander. you become disabled will they make your payments?
Mortgage insurance protects the LENDER ONLY. If your house were to burn down, they want to make sure they get their money. You are afforded NO coverage by mortgage insurance.
I am a disabled girl. how do i apply for low income housing with little money.?
I am disabled female how can i get afforable housing?
What is meant by the term colateral?
The term for collateral or better known as a lien, is when a person / organisation borrows a amount of money from a loan provider and in the event of failed payments you offer up a item of value in the event of you failing back on payments , your item become part payment towards what you owe.
A sofa can be purchased for 635.59 cash or on the installment plan with a 75 down payment and 24 payments of 30 each How much money will you pay over the price of the sofa if you use the installme?
$159.41
Can you receive state disability payments if you are also receiving short term disability payments from a private company?
State disability payments typically are not affected by any private coverage you may have. Some private policies will "integrate" with other disability programs to make sure that you are not replacing too much of your income. Insurers don't want people making more money being disabled than working.
can I use grants for mortatage payments?
can grants money be used to help with mortatage payments
