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I don't know why you'd want a bank to borrow money from you so I suppose you mean lend you money. If you have bad credit and you obviously do if you had a repo, you may find some place that will lend you funds but they're going to slap you with a very high interest rate... I mean outrageous amounts that, if you're slow in paying, will start adding up so high that you'll never get out from under the new loan and will probably end up defaulting on it, too, causing your credit to be even worse. My advice is to look for other solutions rather than borrowing. Perhaps find any way you can to scrimp and save... living much simpler would be better than ending up in court over a non secured loan you didn't pay back.
What else can I help you with?
My car was repo'd and then 2 days later I saw my car with the repo man down the beach. Now it's damaged and the bank says I have to fight it out with the repo co. after I pay to get my car back.?
Thats pretty much what you need to do, If you have pictures of your car at the beach it'd help you out alot! You need to take care of everything with the bank, than go after the repo company
Can a bank repossess if you are making the agreed upon partial payments?
They can repo anytime you are in DEFAULT of the contract. 2010-09-21: Also, in addition to the answer: While the bank can reposses when the repo clause comes into play, I don't know of any instance that once a bank agreed upon partial payments, they reneged and repo'd the vehicle anyway. Remember: they'd rather have the money than the car. If it comes to haveing it repo'd through a repo company, the bank would still rather have their money than share it with a repo company. The person at the bank that you speak to is being watched by the bank manager, etc., blah blah, and he or she would rather keep good information on the books. He or she, as far as my experience, will help you in your situation.
How can I borrow money using my car as collateral?
To borrow money using your car as collateral, you can apply for a car title loan. This involves giving the lender your car title in exchange for a loan amount based on the value of your car. If you fail to repay the loan, the lender can take possession of your car.
Can a car dealer repo the car if the bank backs out of the loan even if you can make the payments easily and the bankruptcy has been discharged and it's a brand new loan and the title is in your name?
What you need to do is get a new loan from a different bank and work it out with the car dealership. If no bank will fund you, then you have no choice but to turn over the car - since there isn't a bank to pay them for the car, they can take it back.
Can you explain how a car loan from a bank works?
A car loan from a bank is a type of loan that you can get to buy a car. The bank lends you the money to purchase the car, and you agree to pay back the loan amount plus interest over a set period of time. The interest is the cost of borrowing the money. If you don't make your loan payments, the bank can repossess the car.
How do you borrow money for your car?
go to the bank and ask for an auto loan.
Can the bank repo a car with a clear title?
No, if you own the car outright and there is no lien against it, no one can repo the car under normal circumstances. The only reason I could think of would be if you owed the bank money and they sued you, and the court made you put the car up as collateral.
How do you find out who repossessed your car?
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
Why a bank will repo a car?
Non-payment of loan.
How can you find out if a car is in repo?
Call the bank and ask.
Can your car be repo if you have no insurance?
The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.
After 8 years after your car was repo you are being sued i did not receive a letter after repo?
Did you borrow the money and sign a contract to repay the loan? Did you have your car repossessed because you failed to make your payments? They repossessed your car and sold it, and you owe the difference in what the car sold for and the balance on the loan. What difference does a letter or 8 years make. Be an honorable honest person. Pay them their money. Legally you may get out of paying but morally you owe them the money you borrowed.
Can a repo person come into your closed garage and get the car?
NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.
If you made a car payment for a friend facing repo and who ended up in jail is there any way to recoup the money from the bank in return for the car?
The laws on this will vary by state, but the chances are unlikely that the bank would be legally required to return the money to you. You will need to look to your friend to get your money back.
Why do you borrow money?
There could be thousands of reasons people borrow money. To buy a car, a home, to take a vacation, there are too many reasons why people borrow money to list here. Hopefully you got the jest of this answer. There a numerous reasons for the borrowing of money but common ones are; home loans, purchasing of cars, insurance, purchssing of business companies etc. People borrow money in generall because they either cant afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realise is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank.
Will fifth third bank work with you on car repo?
Highly doubtful it'll be on terms favorable to you. Of course, they'd rather have their money than the car, so they will be to some extent.
Is it true a bank will work out a payment plan with you even though your car has got repo and you have a certain date to come up with all the money?
It depends on the bank, but you should ask. Often some money or late money is better than no money. "you have not because you ask not"
