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A charged-off loan is one where the lender of the money no longer believes the loan is profitable, due to the loss of value of the car. This is an accounting term and has no bearing on the amount of money a car will go for.
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∙ 9y ago
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What happens if you financed a car and you stopped paying on the loan the loan has been charged off and you still have the car?
I don;t know what you mean by "Charged Off". Unless somehow they have written you off as a deadbeat and forgotten the car, which I doubt, they will come and get the car. They will then sell the car and you will pay the difference in what the car sold for and the balance on the loan. Your credit will be ruined for 7 years.
If you have a car that was charged off in 2004 and they didn't inform you of the charge off and now the car has been paid off did they have the right to do that without telling you?
Who payed the car off?Was the car repoed?
If your car has been charged off can it still be reregistered?
If the loan on your car was charged off then the lender has written it off as a loss. You can still renew your registration. It surprises me though that a lender would charge off a secured loan.
How do you get a title for a car that has been charged off for non payment?
Pay it off. It will still likely be repossessed.
Is there any way to get the title to a car that is 11 yrs old an was charged off to sell it or can you legally sell it without the title?
Contact your local DMV and they can tell you what to do.
How do you sell a car in wii off road?
You cant.....if you have been hearing rumors like everbody that is up-to date has, well then they are wrong. you can not sell your car in wii.
If the car is charged off will it be repossessed?
Definately
If a car is already charged off on your credit how long do they keep looking for it in California?
Until they find it. If it is charged off on your credit report then the creditor sold the note to a collection agency who will hire a repo-man to track down the car so they can recover it and sell it to make the money back that they paid to creditor for it.
Can you sell a car to dealership if your loan was charged off and you a have a lien on the title?
At minimum, you must satisfy (pay off) the lien. Talk to a dealership---NOT the one you plan to do business with, but call a different one---they can give you information. When you go to sell the car, keep in mind the lien amount in your overall price you want for the car. Make sure you get paperwork when you pay off the lien.
What if your car was repossessed and the lien holder charged it off but sold the debt to someone else?
You are still walking. You must pay off the new holder of the note. act wuick as they will sell it fast.
Can you get a title for your car if it has been charged off and you still owe money on it and you pay it off?
thank you for just saying yes to let me know that all is not lost yes
What are the laws in Illinois when your car has been charged off and you still have the auto?
IT'S BEING CHARGED OFF SO THE CAN GET A COURT ORDER, THEN COMES THE SHERIFF... I WOULD SUGGEST TURNING IT IN IMMEDIATELY BEFORE THEY GET THE COURT ORDER, IT'LL COST YOU A FORTUNE!
