answersLogoWhite

0

How can you catch up on a defaulted car loan?

Updated: 8/16/2019
User Avatar

Wiki User

19y ago

Best Answer

Only one way that I know of. The money has to get to lender from some source and get credited to your acct.

User Avatar

Wiki User

19y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can you catch up on a defaulted car loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you catch up a defaulted loan can you get a another student loan?

In the US, yes you are eligible for additional student loans if you rehabilitate, bring current, or consolidate your defaulted federal loans. If you need help with the consolidation of your defaulted loans, click the link below.


Can your car be repossessed after filing bankruptcy if you are up to date on payments?

On the surface, no. As long as you have not defaulted on the loan contract, there is no reason for repossession. The lender wants your money, not your car.


If you get set up with monthly payments to pay off a defaulted loan can you get a loan to go to school while your paying it?

yes


How do you stop reduce wage garnishment had a car repossessed which was resolded told that i am responsible for the difference what is my legal rights?

Of course you are responsisble for the difference in what the car sold for and the balance on the loan agreement you signed. You are also responsible for the repossession fees. You defaulted on the loan and therfore must pay the difference, and that is your legal obligation. Not one thing you can do but pay up.


Can the repo man bring the police to your work to get the car if you hide the car?

It isn't your car. If you defaulted on the loan, you are no longer the owner. The repo man can take numerous steps to re-claim the property up to seeking law enforcement assistance. He is the agent of the owner and reclaiming the owner's property is how he gets paid.


If your stepdaughter has defaulted on her car loan which is in your name solely and she is in TX and you are in NC and the car is financed in MS how can you easily repo her car from so far away?

You buck up and make the payments to aviod a repo on your credit. You can probably look into a repo company where she is living, and hire them to get your car back. Another is take matters into your own hand and just go and get the vehicle yourself.


How do you obtain title to a vehicle that the bank never repossessed after you defaulted on the car loan?

You need to get a release from the bank for that title to be brought over to you free and clear. There really is no way around getting the loan paid off before you can sell the car. You may also wish to check your credit rating. They may have a mark against you that will prevent any future loans until this issue is cleared up. This is not an unusual tactic for banks if the car has little net worth. You will realy want to get this cleared up before the car is gone!


You got a personal loan in your name and the money was to help a friend out the loan company wanted collateral friend put her car title up but defaulted I paid the loan in full and have her title?

Laws governing property differ from state to state. In general, however, you don't automatically own her car by paying off the loan. You would probably need to have made an agreement with the friend, verbally or better, in writing, at the time of the loan or at the point you began making the payments. If you didn't do that, you are probably out of luck. You can sue the friend for the amount of the payments you made or you can sue your friend for the car; I hope you have documentation of those payments, you will need something to show the payments you made.


Can you get car loan with bad pay history from previous loan?

One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.


What is the capital one car pay catch up plan?

when you catch up on deliquent payments


What happen if default on car loan?

The loan company takes the car. You loose it unless you make up the missing payments and pay the fees.


If you are gifted a car in a will that is not paid for how long does the estate legally have to give you to pay off lien?

If you inherit a car that is subject to an outstanding car loan you need to keep up the payments with the LENDER according to the terms of the original loan. If you default on the loan payments the loan company can repossess the car.