YES U CAN!! I experienced a repossession July 2009. I had began to pay items off my credit because I wanted too become a homeowner in 2009. I had two car payments plus my normal household bills. I was able to make my payments on my first car because I was working overtime. I had been paying on that car for two years before I wasn't able to make the payments anymore. I got my taxes in 09 & played catch up to get my payments caught because I was truly trying to avoid having the car repo'd. It became to stressful so I had to let it go. I wasn't driving it so I figured it would be in my best interest to let it go. I DID!! They came & picked up the car & I still had an outstanding balance. 6 months after the repossession the creditor caontacted me about a settlement. I accepted, paid it & now I AM LOOKING for MY HOUSE!! I AM A WITNESS THAT EVEN WITH A REPOSSESSION YOU CAN STILL BECOME A HOMEOWNER!!
NO. They can't take what you don't have.
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
no you can not buy a house
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
impossible!
Yes.
in the process of repossession?
Your wages can be garnished for an auto repossession if there is a court order. All wage garnishment's must be obtained from the county court of your residence.
House repossession refers to the process by which a financial organization takes ownership of the house as collateral due to failed payments or inability to pay.
yes,you may be catched by cops.
i = installment loan. 8 = repossession. i8 = repossession of an installment loan (like an auto loan).
new purchase not in repossession