depending on where you live and your bank or finance company, you will either have to pay the entire balance or just catch up on the payments and late fees plus all repo fees. Call your lender and I'm sure they would be happy to answer your questions.
Depends on your bank and what the history is with the loan. They have the option to make you pay the entire amount of the loan. They can also allow you to just bring the loan current along with any other fees to get it back.
For just about any delinquent balance after your deadline on your short-term loan, yet another 0.5% monthly is going to be billed on the delinquent principal balance. You'll be blocked from receiving other short-term loans and blocked from registration and asking for your transcript. Furthermore, your credit history will reflect the default in your short-term loan.
To accelerate a loan is to demand full and immediate payment of the entire unpaid balance of the loan, including principal, interest, late charges and collection costs (not just the delinquent portion).
Yes, you just have to be in good standing. Not delinquent. If you are delinquent, there are options such as forbearance and deferments for bringing you current so you can get more loans.
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
Nothing. Just because a bank is legally entited to reposess a car doesn't mean they have to do so immediately. They can choose to wait and see, and reposess it later if you're still delinquent on the loan.
Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)
Depends on your bank and what the history is with the loan. They have the option to make you pay the entire amount of the loan. They can also allow you to just bring the loan current along with any other fees to get it back.
you show proof it was canceled back then!
For just about any delinquent balance after your deadline on your short-term loan, yet another 0.5% monthly is going to be billed on the delinquent principal balance. You'll be blocked from receiving other short-term loans and blocked from registration and asking for your transcript. Furthermore, your credit history will reflect the default in your short-term loan.
READ the contract you signed. It determines what you pay.
To accelerate a loan is to demand full and immediate payment of the entire unpaid balance of the loan, including principal, interest, late charges and collection costs (not just the delinquent portion).
get it back?? prolly, depends on your payment record,ect. They really dont want the car, they want the MONEY. How long?? a day or two
Was the lender demanding the BALANCE DUE when you paid only the overdue amount? IF so, your recourse is to pay the balance due. IF not, contact a local attorney for state/case specific advice. None, just because you paid the overdue balance don't mean nuthin to the lender.
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
It depends whose name is on the loan. If it's just the husband, then no. If both names are on the loan, then it affects both people.
Yes, you just have to be in good standing. Not delinquent. If you are delinquent, there are options such as forbearance and deferments for bringing you current so you can get more loans.