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More than likely the court will approve judgment papers to the lender. The judgment will show on your credit report making it hard for you to get credit later. Also if you own a house, and try to sell it later, this judgment will get settled or paid at the closing. Not to mention that if you have a job, they can send a wage assignment to your work, so you will be paying thru your paycheck. (And it may not be a pretty sight--what you will actually net when the money is taken out.)The judgment will have to be paid sooner or later.
Best you go to court now and plead your case.
Get an attorney, if you don't, make sure you have all your paper work when you go. Any legal papers, any letters, cancelled checks or money order receipts, any scrap of paper that will help you convince a judge that you had good reason not to pay or they had no good reason to repo in other words you made the payments but they repoed anyway.Good Luck
What else can I help you with?
Can someone get arrested if caught driving a car if they are three months behind on payments and the bank is looking for it?
The only way someone can be arrested for driving a car when the bank wants to repo it is if it is reported stolen. The bank must report repo action to police or court before this can call stolen. Most bank will report to police or court for repo action. This will let police know that it not stolen by repo. Most bank do not want to report to police or court. It involame alot of money (impound cost by police, towing fee with police, court cost, filing fee, court fee, etc). Bank hire repro is cheaper then report to police or court. I am not sure what the complication would be if you were trying to register it again after a couple of years though. But from my experience, do not park the vehicle anywhere near your house where iti can be seen. Repomen are always on the hunt, and if they see your car at anytime, then they are goign to be quick to try and get it.
What is the current repo rate and reverse repo rate in india?
The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..
Is there a soundtrack from the movie Repo Men?
Yes , there is a soundtrack ~ see related link below .
Do you need a license to repossess a car in Wisconsin?
Wisconsin is a voluntary repo state. You cannot legally repo w/o the following: Wisconsin Consumer Act (WCA) prohibited creditors from repossessing collateral or goods without first obtaining a court order, unless the consumer voluntarily surrendered or abandoned the goods. The law was changed in 2006...in Wisconsin they only need to send a letter ceritified or registered mail giving you 15 days to tell them they need to sue you in order to repossess. If they don't send the letter, there's only a $25 fine. I'm finding a lot of info on the old WCA but if you go to the state website under ch 425 it states clearly the new rules. The old law required a court order-the new law isn't highly publicized.
If you live in Georgia can they repossess your car if you were less than 30 days late?
YES, anytime you are in DEFAULT, the lender can repo. Tote-a -note lots are famous for 3 days late repos.
What happens if you don't turn a car over to the repo man?
they will repo it
When will they repo?
When you dont pay your payments on something
Can a repo man take your vehicle without being served?
Yes.
Can you be taken to court after your car has been repo?
YES
Can you get garnished for a repo vehicle in NC?
i dont think that i can
What happens to you if your car gets repoed?
The car will be sold. You are then responsible for the difference in what it sells for and the balance on the loan. You credit is then also ruined for seven years.AnswerI do repos. The creditor will sell the car and sue you for the difference and they will not try to get the most out of it. however in order to get a judgment on you they first have to have you served by a sherriff to court. but if you do not answer the door you can't be served. and if you get served the creditor must not breach the peace and has to send you a certified letter to your last known address giving you 10 days to recover your vehicle and or pick up your personals. if they do not then it is concidered an illegal repocession. and can be thrown out of court. this has worked for several debtors i know of after repo.
What happens if you hide your car from repo?
It will be reported stolen.
Can i repo my vehicle back from someone who did not pay?
yes if they have not got the viechel in there name if so ur stuck but not there name get a court order if they dont give u it back get the cops to arest them
What happens if you no longer have the car the bank is trying to repo?
The lender can sue you in court and obtain a judgment lien. It can use that lien to sieze any other property you have to satisfy your car debt.
Can you repo vinyl windows after installation?
No. You have to take it to court now. Did they not pay you?
Doesnt the bank have to get a court order to repo your motorcycle?
No, they sure don't.
What happens if you stop paying your car loan?
Repo.......homo
