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What else can I help you with?
Can a finance company repossess your car because you lose your job?
Yes. Normally if you are 3 months behind the finance company can take back the collateral. This is a default. Remember, you signed a contract with the bank stating that you would make your payments. It's not their fault you can't pay. However, any decent bank should be able to work with you in the event you lost your job. The key here is to communicate with them and don't dodge their phone calls. If you are honest with them, you can normally buy yourself a couple of months.
If someone with poor credit bought a car with a relative as cosigner and the cosigner dies can the loan company call the loan or repossess the car if the other person continues to make payments?
In most cases the co-signer is in fact the borrower. I would think as long as you make the payments on time the lender will be o.k. with it, they usually want the money not the collateral back. I would read the finance contract(yes all the small print) there should be something stipulating the conditions for "due on demand". Hope thishelps.
What is a finance topic for any company?
A good finance topic for any company today would have to include cybersecurity. Companies can easily lose money by not having secure data systems.
If you Co-sign auto loan and the person defaults on the loan- can the finance company take your house?
No. If you cosign on a car loan and the person defaults, the finance company can not take your house in this state. After the finance company seizes the car, both you and the other person would still owe the unpaid balance of the loan.
What is the best company offering bridging finance?
According to their web page MT finance was offered an award as best bridging finance company in the UK. Bridging Finance Limited and 1st Bridge are also well know names in the field. Best of course would completely depend on your personal needs.
What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
My car was in an accident and is still at the body shop which hasn't been paid yet he finance company wants to repossess the car. Can they repo it from the body shop?
Yes, the finance company can repossess the car from the body shop. They would likely wait for the car to be fixed before they repossess the car.
If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?
If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.
If the bank repossess your car do you still have to pay your car payments?
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
Can a car be repossessed for late fees we have never been late on the payment but got late fees?
If your payments are current, they're not coming to repossess your car. Trust me, the finance company would much rather have your money than your collateral (i.e., the car).
How long after a missed car payment does the finance company repossess the vehicle?
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.
Can a used car dealer repossess a car that is not in delequent of payment?
No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.
Would your car dealer have you locked up for not making payments?
No, they'd repossess your car.
Is a finance company quicker to repossess the second time if you fall behind again?
Surprised the finance company would allow a second chance loan after one repossession already. If they did grant another loan, chances are that they would be watching the loan progress very closely and would take immediate action if there was a default on one payment.
How can you stop a repossession of a car in Mississippi?
Your best bet would be to pay your payments to stop the repo and make contact with your finance company.
Can a finance company repossess your car because you lose your job?
Yes. Normally if you are 3 months behind the finance company can take back the collateral. This is a default. Remember, you signed a contract with the bank stating that you would make your payments. It's not their fault you can't pay. However, any decent bank should be able to work with you in the event you lost your job. The key here is to communicate with them and don't dodge their phone calls. If you are honest with them, you can normally buy yourself a couple of months.
How long do you have to make your payment before company can Repo your car?
It depends on your contract. Usually if you miss two payments the finance company (not the company that sold you the car - they already have their money) will start taking actions to repossess your car. In the UK, if you have made more than half the payments, you can (if you want) hand the keys over and owe the finance company nothing (assuming it was bought with a car loan or HP). If you get into arrears with your car finance before you are half way through your term, chances are when your car is repossessed you will still owe the finance company more money, especially if you bought a new car or if you used a dealer who tricked you into reducing your monthly payments by leaving a lump sum to pay at the end of the finance term. On a personal note, you should NEVER buy a car (or any other non essential item) on finance. If you can't afford a nice shiny new car with your own money, buy a cheap rusty one that will keep you on the road in the short term. Then put aside the payments (including interest) that you would have had to make for the car you wanted - open an e-savings account and set up a standing order from your current account to your savings account, treat it just like you were making payments to a finance company - and DON'T dip into it when you're short. If your cheap rusty car only lasts 12 months, then buy a better one when it dies (or fails its MOT) with the money you've saved and carry on saving the payments. If you were going to buy a little Ka or similar, you would probably be paying £200 a month for it for the next 4 years, with massive restrictions on the mileage you were allowed to do (usually 6000 miles a year before penalties) and at the end of the four years you would not own the car and would have paid nearly £10,000 for a car 'worth' about £6,000. If you do what I suggest after 3 years you would be able to walk into the car showroom and buy the car with cash! If you were unable to keep up the payments to yourself ( i.e. save the money on a regular basis) then you would probably have found yourself defaulting on payments made to a finance company and have lost your shiny new car anyhow.
