Repossession

Yes The lender has to provide you with this info.You should demand it from them. The lender is required to provide this only if requested in writing by the debtor.

Absolutely, if the car is in your name, it is your car. Go get it.

Yes. To stop the harassment, make up the payments, or contact the lender and make some sort of arrangements. I can assure you that they don't want to repo the car.

THE COST DEPENDS ON WHAT ALL U WANT FOR EXAMPLE:IF UR GOING TO INSTALL IT BY YOURSELF JUST GET A USED ONE FROM A JUNK YARD THEY ARE VERY CHEAP AND INSTALL IT YOURSELF OR IF U HAVE LIKE A YR.2005 OR CLOSE TO THAT AND U WANT IT INSTALLED THEN CALL A DEALER AND THEY WILL GIVE U A FREE ESTIMENT :-)

There's no definitive answer to a question of this type, as the final decision would depend on the person's overall financial situation. Bankruptcy is a very serious action and should only be used as a last resort. Especially in light of the new bankruptcy reform laws. Even in bankruptcy (unless it is a 13) a vehicle may have to be forfeited, depending on the vehicle exemption status and the terms the lender is willing to agree upon.

In most cases they want the money. The car's value if resold and the borrower's ability to pay any deficit could play a part in their decision. If the borrower can convince the lender they can fulfill the agreement, the lender will more than likely withdraw the filing.

READ your contract.

It can't be reversed, but if it is dismissed without prejudice, you can refile a chapter 13 six months from the dismissal date. The best option is to meet with the trustee to discuss the problems with the schedule that the person now has to see if it can be modified.

Your name must be on the Title or Loan in order to get car insurance under your name. Otherwise this is considered Insurance Fraud. It is punishable by the law.

Yes you can stop payment on a check. Just call your bank and they should walk you through the process. Sure, as long as the check hasn't already been paid. The bank might charge you a fee for it, though. Yes. The chances of success depend on the information you provide to the bank. If it is insufficient, then the check might not be stopped. Banks may charge a fee for this service. Just had this experience and found out that my credit union PAID an item that we requested a stop payment for. It evidently fell through the cracks on their end. Anyway, after bringing it to their attention, they were able to recall the payment, advising us that they had a "48 hour window" to recall any funds paid out. Hope this helps. (P.S. providing as much info as possible to begin with really helps, also there was a one time $10 fee, which was better than the $120 item stopped!)

You send them a certified letter demanding return of the car within 3 days. If no response, report it stolen.

They can sell the vehicle anywhere it is 'commercially reasonable". MOST lenders try to keep the vehicles in the same state they are repoed in. You should contact a LOCAL attorney for state/case specific advice.

MOST auto loan contracts give the right to determine which state laws govern to the LENDER.

it is up to the bank to decide. Legally, as little as 1 cent.

Unless the process of sub-leasing is a part of the original contract, the person who leased the vehicle might end up in a lot of trouble. It is irrelevant if the person who has the car has been making timely payments. The person whose name is on the lease is totally responsible for anything that happens to the vehicle. Which can translate into the person who actually is driving the car having an accident, the insurance being invalid due to breach of contract, fraud, negligence, etc. on the part of the original lease holder. It's quite possible they could end up in court on the 'wrong end' of a nasty lawsuit. I saw one CarLeaseDepot.com that certain car leasing companies do not allow full transfer of contract responsibility. About 10-20% do not allow full sub lessor lease transfers. Therefore you would need to contact your leasing company for their lease transfer policies. Also if you did a contract between you and someone simply for the payments you could definitely repo the car. Usually it is the person on the title but since you are a lessor the title belongs to the leasing company. Therefore speak to them to initiate the legal repo.

PAY the judgement.

YES

It is best to have the person buy the vehicle off you straight out. Then in turn, with the money you receive from him/her you pay the remainder of the loan. It gets too complicated for someone to take over car payments and you sure don't know this person. They could well leave the country and leave you holding the bag.

Good luckMarcy

No. As long as it's paid in time. It's OK.

You may have paid a total of $17K but not all that money was applied to the principle so you have not paid off the loan yet. Lender will most likely sell car at auction to recover some of their losses and then you will be responsible for balance that is left. If you don't pay they will either write it off and ding your credit rating or sue you for the balance. QED.

Your car will be repossessed, your car will be sold, you will be responsible for the difference in the price the car sells for and the balance on the loan plus repossession fees, and your credit will be ruined for 7 years. Contact the lender and work something out. Don't let this happen to you.

If the primary borrower has defaulted on the vehicle loan, the co-signer will need to make regularly scheduled payments and any that have been missed. If the co-signer is unable to do this, the vehicle may be repossessed by the lender. In which case both the primary borrower and co-signer will be responsible for any deficiency and fees incurred when the vehicle is sold. The repossession will also appear on both person's credit report. It would be advisable to contact the lender to discover what options might be available pertaining to the specific circumstances.

As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.

Yes! Try Baxter Auto. Most of the time, though, auto parts are found by model, make and year.

Not if you are on the title to the vehicle and own it. Whoever holds the loan on the vehicle can repossess the car however if you are late with payments. Contact the lender and work something out. You do not want your car repossess. Credit will be ruined for 7 years, and you will still have to pay the repo fees plus the difference in the balance on the note and what the car brings when they sell it.