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What else can I help you with?
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
What payments may you have to make if your car is repossessed and can they garnish wages?
Payments are the entire balance due after the lender sells the car and YES, in most states they can garnishee your wages.
How can you locate your repossessed car?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
What are the car repossession laws in Kentucky?
If you mean how late do you have to be to get repossessed: Usually 3 months if you are financed through a bank or credit union and 1 week if you are financed through a buy-here pay-here. The banks prefer their money. They don't want to deal with reselling a car. The buy-her pay-here's get to keep your money that you already paid, then turn around and resell your car for almost what you paid. They can do this as many time as they want, as long as people get behind. Anyone who has a car loan will fall behind at least one time in their 3-to-5 year contract.
Does Buell require insurance if the bike is financed?
Any lender requires insurance if the vehicle is financed.
Can a lender garnish wages after repossession in North Carolina?
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
Can a lender garnish wages on second mortgage?
Yes.
Can a repoman drive a car that has been repossessed?
Drive it WHERE? They have to drive it to get to their storage lot. If you believe that they are driving it for personal usage, that is a question that isn't covered by criminal or statute law. The appropriateness of it will have to be determined by the lender that financed the car loan.
When can the lender resell a repossessed vehicle?
a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama
If you are late on your own loan payment and you are a co-signer on your daughters car can they repossess her car?
This is a unique scenario, but not totally uncommon. If both vehicles are financed through the same lender, then that lender may do what is called a conversion of collateral. When this is completed, then yes either vehicle may be repossessed for default on either loan.
How do you find out what price your repossessed car was sold for?
ASK the lender.
If you turn in a vehicle to the lender in Arizona can the lender garnish your wages and if so is there a maximum percentage that can be taken?
25%
