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My husbands auto finance co. accidentally sent him the pink slip even though he wasn't finished paying off the car. He turned around and sold the car and then stopped making payments on it.?
Wiki User
∙ 15y ago
Big mistake. Your husband is a man of no honor. He just defaulted on the loan agreement he made with the lender, and broke his word. He deliberately sold a car he did not fully own, and is trying to steal the balance of the money owed to the lender. They will catch the mistake and seek a judgment against him for the balance on the loan plus interest, sooner or later. This will be over your heads until that happens. I would contact the lender and make this right.
-----> Actually, your husband as every right to sell the vehicle or do whatever he wants to do with it. As long as the title says he is the owner and there are ZERO liens on the vehicle, your husband has free reign over the vehicle. HOWEVER, he is still obligated to fulfill his loan repayment. I just dealt with something kind of similar. My creditor tried to REPOSSESS my car which I had a clear title for. My lawyer got a hold of their legal division. Lawyer told them because they are no longer affiliated with this vehicle, taking it from me without my consent as collateral to a debt I owe them is GRAND THEFT AUTO and LARCENY. They quickly brought the vehicle back to me. BUT YOUR HUSBAND STILL OWES THE MONEY. He can't get away from that.
Wiki User
∙ 15y ago
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How can you take over payments?
Contact finance company
Can a finance company repossess your car when you lose your job?
Only if you stopped making payments and are behind on your on your payments.
Can you take over car payments?
Yes, with the agreement of the finance company.
Is it illegal to sell a car when your still making payments on finance?
No its perfectly legal and if you are still making payments on it, that increases values.
What is finance at a car dealer ship?
Finance means you take out a loan to pay for the vehicle, then you make regular payments to repay the loan.
What should you do if a finance company returns your payments?
Perhaps your loan has been paid in full. Otherwise, call them and ask why they returned your payments.
How does leasing affect your credit?
just the same as any finance contract will make the payments=good dont make the payments=bad
If you have 5.99 finance charges on a 29400 car what will your payments be?
If there is a 5.99 percent finance charge on a loan of $29,400, there is no way to know what the payments will be if the loan repayment time is not stated. Interest is compounded on the unpaid balance. If a person has a 10 year repayment plan the payments would be around $400 at the lowest estimate.
Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
Can you keep your vehicle if you bring the payments up to date?
Of course, finance companies are not in the used car business, they are in the collect payments business... give them what they want and you get what you want.
If i stop making payments on a camper my dad had in his name only and he died what can the finance company do to me?
Repossess it
What is the code city to send to western union payment to chase auto finance?
The Western Union City Code for Chase Auto Finance payments is ChaseAuto-NY.
