0
What else can I help you with?
If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?
It has the same effect on the credit.
If you have a car voluntarily repossessed can you get another car?
YES, usually you pay MORE down payment and/or higher interest rates.
If you cannot pay loan on RV should you voluntarily turn the RV in to the lien holderor let the RV be repossessed?
It would look better on your record (For future loans) if you turned in the RV voluntarily.
Can you let a car be repossessed with scratches on it?
A car can still be repossessed if it has scratches or some slight damage. The current value of the car is normally used when netting off the debts.
You have one day before your car is repossessed is there any payment options?
Call the lender, and make some kind of arrangements. Do not let your car get repossessed. You will be responsible for the balance on the loan. no
If your car has been repossessed and you cannot pay what you owe should you let them sell it?
You have no choice.
What happens if a car was to be repossessed and it didn't happen?
You are lucky. If you cannot make the payments contact the lender and try and work something out. If not voluntarily turn the car in yourself. You will save yourself the repossession fees.
Can you return a car bought on a personal loan when you were told it was on finance?
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Can you charge a repossession fee for a vehicle that was voluntarily turned in?
mine was charged, i left the junker at the car dealership and when i finally got sick of paying for a car i hadn't touched for months, they repossessed something they had possession of.
How can you find out if your repossessed car was sold?
The lender should let you know, you can contact them and they should tell you.
Can my car be repossessed from my yard if the gate is locked in the state of Alabama.?
If you have a locked gate, they will find you vehicle and reposses it (even if you are in a public parking lot). My suggestion to you is voluntarily submit your vehicle to the lender. Call them first to make this arrangement. If it's too late, then let them take it.
