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Your car loan may be increasing due to factors such as interest accruing on the remaining balance, late fees, or additional charges being added to the loan. It's important to review your loan agreement and contact your lender to understand the reasons for the increase.

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5mo ago

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Why is my car loan balance increasing?

Your car loan balance may be increasing due to factors such as accruing interest, late fees, or additional charges. It is important to review your loan agreement and contact your lender to understand the specific reasons for the increase in your balance.


If your wages are garnished for a car loan but the car hasn't been repossessed can you keep the car?

That's the point. They want the money, not the car, so they garnished your wages to pay that loan. Keep it, drive it, enjoy it. If you want to sell that car, any money would FIRST go to pay that loan and you could keep any cash left over.


Can you get a loan modification on your car?

Car loan modification is one such option to avoid repossession of your car. So what happens here.... the service provider(loan modifier) studies your loan history and they directly deal with the lender and they modify your car loan .... meaning they help you in Reducing payments and keep your car, boat, SUV or truck.


Why does my auto loan balance keep increasing?

Your auto loan balance may be increasing due to factors such as accruing interest, late fees, or additional charges being added to the loan. It's important to review your loan agreement and contact your lender to understand the specific reasons for the increase in your balance.


In a repossession do you have to pay off the entire car right then or just keep making your loan payments monthly for the duration of the loan?

It would depend on the contract you signed when you purchased the car.

Related Questions

Why is my car loan balance increasing?

Your car loan balance may be increasing due to factors such as accruing interest, late fees, or additional charges. It is important to review your loan agreement and contact your lender to understand the specific reasons for the increase in your balance.


What should you do when the lien holder sent you a clear title and you still owe on the vehicle?

Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.


Can you keep paying your car loan after its due?

no


How do i get a new car but keep my loan?

You don't need a loan you can just pay.


If your wages are garnished for a car loan but the car hasn't been repossessed can you keep the car?

That's the point. They want the money, not the car, so they garnished your wages to pay that loan. Keep it, drive it, enjoy it. If you want to sell that car, any money would FIRST go to pay that loan and you could keep any cash left over.


do you keep the car when you apply for a title loan or do i get to keep it and pay offf the loan?

generally, you keep the car but the title loaner owns the car technically--not advisable, only as a last resort, because I think they can take the car at any time if you don't pay it off (i think)--you can still drive the car whle u pay off the loan


Can you get a loan modification on your car?

Car loan modification is one such option to avoid repossession of your car. So what happens here.... the service provider(loan modifier) studies your loan history and they directly deal with the lender and they modify your car loan .... meaning they help you in Reducing payments and keep your car, boat, SUV or truck.


Why does my auto loan balance keep increasing?

Your auto loan balance may be increasing due to factors such as accruing interest, late fees, or additional charges being added to the loan. It's important to review your loan agreement and contact your lender to understand the specific reasons for the increase in your balance.


If you are gifted a car in a will that is not paid for how long does the estate legally have to give you to pay off lien?

If you inherit a car that is subject to an outstanding car loan you need to keep up the payments with the LENDER according to the terms of the original loan. If you default on the loan payments the loan company can repossess the car.


Can you keep a car that your name is not on loan but was given to you by the deceased?

You need to have the title transferred to your own name and notify the loan company of the change in ownership. Then you will need to pay the balance of the loan or renegotiate the loan with the bank. If you don't pay the loan the car will be repossessed.


Who pays for a loan on a car if both husband and wife dies?

If the heirs at law want to keep the car, they must pay off the loan. Otherwise, the car would be repossessed by the lender.


Who get credit on Joint car loan how get credit score?

On a joint car loan, no one is increasing their credit score. This is usually the case when one signer is weak to get approved and require a co-signer. Co-signer is financially responsible for the car loan if signer default on the loan. For more information you can try this web site at http://www.autocreditfinancial.ca