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Repossession
Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.
11,694 Questions
Can a finance company charge off an auto loan collect past due balance and still repo it?
If they have collected the entire amount owing (all principal and interest on the original loan) they have no legal right to repo the auto. If they have only collected the past due amount and there's still a sum due, then they can repo the auto. It doesn't matter one bit if they've charged it off. That's just for their tax purposes.
REPOMAN IN TEXAS: YES, THEY CAN WRITE IT OFF (CHARGE-OFF) AFTER A CERTAIN TIME WHEN THE PREVIOUS REPO COMPANY CAN'T FIND IT. LATER THEY HIRE A BETTER RECOVERY COMPANY TO FIND IT AND RECOVER IT.
What reasons can you give to defer a car loan?
You can defer a car payment for many reasons such as:
- Recent job lay off
- Payroll change date
- income change
Most lenders will allow 2-3 car payment deferments per year after you have made a minimum of 12 payments. Car payment help is available.
Hope this helps
What can occur when a person owes more money than he or she can earn or pay to creditors?
A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.
What happens if you cant make a final payment to your lawyer before your trial?
That is up to the lawyer
Can repossession companies find out where your car is registered?
Of course. They have the VIN and are the legal owners until you pay it off.
Can a repo company come onto private property to obtain vehicle in the state of TN?
Yes as long as he does not go into a garage or cuts a lock to enter through a fence
If the cosigner is on the title can they take vehicle if person is not making the payments?
Yes..... I did
There are two bits of info you left out. Even though you sold the car 4 years ago is it possible you had it towed before you sold it? Check your dates of the tow and the sale. Go to your local DMV to make your name is still not on it.
Do you still have to pay car payment to the car dealership if your car was a write off?
It depends. Normally, if you car was repossessed, the finance company will "write off" the balance, but that does not mean you don't have to pay it. The company normally sells the car at an auction and you owe any deficiency balance. In other words, if you owe $10,000 on the car and it only sells for $6000, you will owe the $4000 difference.
Can wages be garnished for a repossession in NJ?
Yes, wages can be garnished for a repossession in New Jersey, but only under certain conditions. If a creditor obtains a court judgment against you for the unpaid debt related to the repossession, they can seek a wage garnishment. However, New Jersey has specific limits on how much can be garnished from your wages, typically up to 10% of your gross income. It's advisable to seek legal counsel to understand your rights and options in such situations.
Where can you get help paying your car note you are behind 3 mos?
Friends, family, or possible negotiation with lender. The note is your and the cosigners responsibility. Perhaps the best option might be to sell the car, pay off the loan and buy something within your budget.
legal/administrative
Can someone still get denied car financing after making deal on car?
Here is how this works. A dealer agrees to sell you a car at $15,000 you negotiated him down from 19,000. You're getting a good deal.
You ask the bank for money, they tell you no. So you can't buy the car. The bank isn't forced to do anything and if you don't understand this, you really aren't in a situation to buy a car if you really don't know how these things work.
Learn about life, then buy a car. Btw, i'm 21, i own a car that i paid cash for because its hard to get credit with a high debt to income ratio, meaning i have college loans, and a part-time job.
They won't give you money if they think you can't afford it, even if you think/think you know you can.
Leasee
What happens if you hide a vehicle from repossession in colorado?
You are guilty of grand theft auto.
Who is responsible if your car is vandalized while parked in your apartment complex parking stall?
You and your insurance company are responsible.
Can you still register your car if you own tickets?
This will depend on several things:
- Are the tickets overdue?
- Where are you and what does the law say
Where I live when you go in to renew you plates or drivers licence you must either pay the fines or have already filed an intention to contest the ticket.
Can you report a gun stolen from a car?
Yes, and you should report to protect yourself if that gun is used in the commission of a crime.
Is it legal to videotape in a car dealership?
Depends on the interpretation of the dealership. If the law says it is legal, but the car dealership doesn't agree, you'll get an useless judicial dispute. Therefore, the best way is to convince the man that your video is completely innocent, which is a hard task.
