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If the repo man is already after your car but it has not been reposessed can you typically still work out arrangements with the lender?
To whom it concerns: The bank would rather have the money then your car so of course they would be willing to talk to you but tell them where your car is and make your payment and get a reciept .P.S.use your home phone and make your coversation short and sweet and have your car when you go to the bank when you do make your payments and dont procrastinate the longer you wait the more its going to cost you. I would have to agree with the previous poster. The lender would rather have the money than the car. They do need to be made aware of any change in address, phone number, employment etc. so they don't think you are hiding. If they think you are hiding, they will send it out for repo and demand full payoff if you redeem. You would not find yourself in the position of having a repoman after your car if the bank is in active negotiations with you. If they know where to find you and they have recently seen the condition of the vehicle then there is no real reason to hire us. It's the disconnected phones and lack of communication that gets us work.
What else can I help you with?
After a car is voluntarily reposessed can a collection agency threaten legal action if they have accepted payment arrangements from one signer?
roosta Once the loan is in default, the lender can seek payment from ANY signors to the loan. After the car is sold, there is NO collateral for the loan except the ones who promised to pay . It is now time for them to pay.
If you refinance with the same lender is title insurance required?
When refinancing with the same lender, title insurance is typically not required, as the lender already holds the title insurance policy from the original mortgage. However, this can vary based on state regulations and the lender's specific policies. It's advisable to check with your lender to confirm their requirements for refinancing.
How can you pay your mortgage with a credit card?
You can usually open an online account at the lender's website and make arrangements to pay by a credit card. For more information contact your particular lender.
Why is interest typically paid on a loan?
Interest is typically paid on a loan to compensate the lender for the risk of lending money and to generate profit for the lender.
Can you just pay interest on a mortgage to avoid default?
No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.
Can you get a car back after it has been reposessed?
Yes until it has been sold by the lender, contact the lender and pay the bill
Can you go to jail for not returning a reposessed car to the lender?
in Texas u cant
After a car is voluntarily reposessed can a collection agency threaten legal action if they have accepted payment arrangements from one signer?
roosta Once the loan is in default, the lender can seek payment from ANY signors to the loan. After the car is sold, there is NO collateral for the loan except the ones who promised to pay . It is now time for them to pay.
What are the remedies when a lender agreed to accept payment in full the following day but reposessed the night before anyway?
Lesson learned: Lenders LIE !!!!!!!!!!!!!!!!!!!!!!!!!!
If you refinance with the same lender is title insurance required?
When refinancing with the same lender, title insurance is typically not required, as the lender already holds the title insurance policy from the original mortgage. However, this can vary based on state regulations and the lender's specific policies. It's advisable to check with your lender to confirm their requirements for refinancing.
How do you stop foreclosure on deceased person's home?
You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.
How can you pay your mortgage with a credit card?
You can usually open an online account at the lender's website and make arrangements to pay by a credit card. For more information contact your particular lender.
Is it legal for the lender to repossess a vehicle after you made arrangements and they accepted a payment?
it is legal, until it is paid for 100% and you have a title it belongs to them.
Can you get a 15 year mortgage on a house that you already own?
Yes, as long as you meet the lender's requirements.Yes, as long as you meet the lender's requirements.Yes, as long as you meet the lender's requirements.Yes, as long as you meet the lender's requirements.
Can you still renew your drivers license if you owe the lender due to repossession?
Yes. The DMV (Department of Motor Vehicles) has nothing to do with whether or not your vehicle was reposessed (nor do they care). This will, however, affect your credit and ability to buy another vehicle.
Why is interest typically paid on a loan?
Interest is typically paid on a loan to compensate the lender for the risk of lending money and to generate profit for the lender.
Can you just pay interest on a mortgage to avoid default?
No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.No. You must make your full payment to avoid being in default unless you make other arrangements with the lender.
