0
This site really needs to put a "state" field in the ask a question thread.....it depends on your state. Some states give a certain amount of time to "cure" the repossession after that time is up, they are free to sell the collateral. Check with your state attorney general's office to find out what that time period is in your state. It is called a "Right to Cure".
What else can I help you with?
What happens after after a car is repossesed?
Your credit is shot to hell, you have no car, and you probably have to pay the remaining balance of whatever you owe minus the value of the car they took back.
What is the remaining balance on your car insurance?
The remaining balance on your car insurance is the amount of money you still owe for coverage until the end of your policy period.
If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?
Usually when your vehicle is repossessed it is auctioned off and the proceeds are applied to the balance of the loan after any commissions, fees or other charges are deducted. You are then responsible for the remaining balance.
What is the remaining balance on your car insurance policy?
The remaining balance on your car insurance policy is the amount of money you still owe for coverage until the policy expires.
What web site do I go to for a car that was in bankruptcy and there is a remaining balance?
Thougth this website www.ehow.com/about_4579159_car-repossession.html You can get all the information about the bankrupty of the car and also remaining balance.
What happens if you can't pay any remaining balance on a repossessed car and do not have a job?
The car will be sold at auction. Whatever it sells for at auction will be deducted from the balance remaining. The credit company may initially offer to accept a reduced amount on the balance, but, if you're unable to pay that, they will turn it over to collections for the full amount of the balance remaining.
If your car was repossessed today but you are willing to pay off the remaining balance do you have a good chance of getting the car back?
Call the lender first thing in the morning and make the arrangments to payoff.
Can i sue someone who's buying a car from me but won't pay me the remaining balance?
Yes you can.
How do you return an unpaid car?
If it is too difficult to maintain payments on a car loan, it is possible to voluntarily give it back to the creditor or dealership. In some states, however, a creditor can sue for the remaining balance owed on the loan.
What happens if you let a car go back?
They will sell it at auction for pennies on the dollar and then come after you for the remaining balance. They will often sue you if you have a garnishable job and then garnish your wages if you refuse to pay.
I'm a co-signer on another car and I'm doing a voluntary repo on my car how does that effect me?
The primary borrower is responsible for this debt, but if they do not make arrangements to pay the remaining balance of this debt (once its auctioned off) then you will be fully responsible for the remaining balance.
Your car stereo only plays out of right door speaker now how can you get it to play out of the back ones again?
Check your balance and fade. Odds are you have set your fade forward and your balance to Right, reset them to the middle.
