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What happens if you get your car repossessed?
if i get my car repossessed, can they put a llien on the house?
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
What happens to your credit if your car gets repossessed?
Your credit is severely damaged. Stays on your credit report for 7 years. Don't let this happen. Contact the lender and work something out.
When a car is repossessed what happens to its owner?
Your credit is damaged. You are then responsible for the difference in what the lender sells the car for and the balance on the note. It cost you in more ways than one. Don;t let it happen to you. The lender does not want to repo the car. Work out something with them.
What happens to your credit after a car is repossessed?
Normally your credit is ruined for 7 years.
What happens when a car is repossessed and you are the cosigner?
You will also be liable for any deficiency balance
If a car is repossessed what happens if you filed bankruptcy over 5 years ago?
Let me get this straight. You filed B/K over 5 yrs. ago and the car was/is repoed recently? If this is correct, the car will be sold and the lender will want you to pay the balance still owed.
What happens when your car is repossessed and they damage your car?
then you go and kick that person and repposses that car.... They call cops and you ignore those guys....
Is it damaged the car if you park the car and heating up?
yeah. It happens
What happens if a car is repossessed?
Unless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.
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 happens if you default on car loan in divorce?
The car will most likely be repossessed unless you make up the missing payments and penalties.
