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yep....pay it off so they cant
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∙ 15y ago
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Can a car get repossessed after missing 2 payments in Nevada?
Yes.
In California can a vehicle be repossessed if you only have 2 to 3 payments left on the loan?
Until you pay it off, yes. It is not yours until it is paid in full and the Lein Holder's name is off the title.
How do i know if my car is in danger of getting repoed?
If you have missed 1 payment, it may be in danger of being repossessed. Depends on the agreement you signed when you borrowed the money to buy your car. Read the agreement you signed. If you have missed 2 payments you can be sure repossession is a distinct possibility. If you have missed 3 payments, they are more likely than not looking for your car right now. Do not allow your car to be repossessed. Once they repossess your car they will sell it for what they can get. Usually less than it is worth. You will then be responsible for the difference in what it sells for and the balance on the loan. You may also be required to pay the repo fees. Your credit will be ruined for 7 years. Talk to the lender and work something out. They do not want to repossess your car, but you will force them to do so, if you do nothing.If you have missed 1 payment, it may be in danger of being repossessed. Depends on the agreement you signed when you borrowed the money to buy your car. Read the agreement you signed. If you have missed 2 payments you can be sure repossession is a distinct possibility. If you have missed 3 payments, they are more likely than not looking for your car right now. Do not allow your car to be repossessed. Once they repossess your car they will sell it for what they can get. Usually less than it is worth. You will then be responsible for the difference in what it sells for and the balance on the loan. You may also be required to pay the repo fees. Your credit will be ruined for 7 years. Talk to the lender and work something out. They do not want to repossess your car, but you will force them to do so, if you do nothing.
A car was repossessed on the 13th and 3 days later you received a check for the amount of the payment you made 2 weeks earlier. The check was dated on the 13th the same day as the repo Is this legal?
Yes. They blocked your account from payments while the car was being looked for.
How many payments do you have to be behind to get your car repoed in GA?
no more than 2 payments
When is a repossession unlawful. my car has been repossessed 4 times in 2 months. each time before i can completely honor the agreement the dealer repose my car. i am making payments . and i do pay wh?
Payments must be paid on time when they are due. One must remember that it is not "your car" until it is fully paid for. Until then the outfit that lent you the money owns the legal title to the car. You are just the registered owner, not the legal owner. The legal owner has all rights to repossess the car anytime the payment is not made on time.
Can missing 2 car payments lower your credit score?
Definitely !
Can a creditor list your car as repossessed on your credit even if they have not repossessed it yet?
Looks like 2 choices here..they made a mistake and listed the wrong account OR they have more faith that they CAN and will repo it than you do...LOL
How long befor westlake financial repo?
They can for the most part legally repossess the car when you miss 1 payment. This is all spelled out in the contract you signed. In reality they will, more than likely, not start repossession proceedings if you miss 1 payment. Miss 2 payments and they for sure will. If you are having problems making the payments do not just ignore this. Contact the lender and work something out. The last thing you want to happen is get the car repossessed and ruin your credit for 7 years.
What are your options if a car was repossessed and a bill is received 2 years later for 15000 dollars?
2 that you want to consider. PAY it or file B/K.
2 find a car dealership willing 2 take your trade in as a down payment and b able to make monthly payments for the remainder of car?
yes and no
Your mom is a co-signor on your car loan and is filing bankruptcy you have always made the payments and still owe money on the car What happens to the car Do you still make payments What happens?
(Depending on where you live) You can: 1. She can elect not to include the car, and retain property of it. 2. If you are 1/2 way finished of payments you can contact the lending agency and request sole responsibility of the lien 3.Return the car to the title company If you keep the car, you will still be held liable for the payments. If you no longer want the car or to make payments, you will need to release it back to the title company. Another thought too....your credit is tied up in this deal. Her credit will be affected by the bankruptcy but if you keep the car and keep the payments up you'll get the credit and benefit by doing the right thing by paying it off. You'll be much better off doing that. If you turn the car in I think it will hurt your credit. You still have to pay if you keep the car.
