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If a car is repossessed can payment be demanded after three years of no correspondence by the bank or company?
Yes if a balance is owed a collection agency can try to collect. normally if ithas been three years later the original bank or lender probably sold the debt to another agency and wrote off the debt theirselves. the only up side which isn't that great but alot of times the new agency will settle for much less then what actually owed because they just want to get something.
What else can I help you with?
Can you get your car back if its repossessed?
Yes. If the payment is made to the finnance company.
What is the average time limit of non-payment of a vehicle before it gets repossessed?
Depends on the company. Average 2-6 months.
Can a car be repossessed the day a payment was made?
YES.
What will happen if your car down payment bounced and you made a particial payment?
The car will probably be repossessed.
How can you have your car repossessed i lost my job and can't afford it.?
Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.
Late on your car payment by 10-15 days once car was repossessed Asked the company why they took car they said had not rcvd that months payment and no wk. Can this be done?
Yes it can be done,read your loan agreement.
Can they repossessed the car if you just owe the last payment?
The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.
What is the time limit to recover a repossessed vehicle in Texas?
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
Can your vehicle be repossessed if you are awaiting to be paid by the federal government?
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
What is payment demanded by rulers from the people they rule?
Tribute
If your car is going to be repossessed but you make a payment to get caught up can they still repossess the car?
Until the LENDER cancels the repo order with the repo company, you are fair game.
Can a vehicle be repossessed if the payment is 21 days late in New York State?
READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.
