If you keep on missing payments on your auto loan, there is a high chance that the vehicle may be repossessed by the bank.
Technically, no you cannot. The loan was to the deceased, not to you. You also have to change the title of the vehicle.
No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
You can only keep the vehicle under two circumstances: (1) sign a reaffirmation agreement and keep making payments; or (2) redeem the vehicle by paying of the balalnce. If you fail to do either, they lender can get permission from the bankruptcy court to repossess the vehicle. In some states, such as Missouri, you may keep the vehicle if you continue to pay on it.
In a loan where the vehicle is the collateral, it is registered, but if you do not keep up with your payments, the bank stakes their claim and reposseses it, so in a way, the bank owns it, and it is a rent-to-own vehicle.
If the payment is received after the due date, late fees can be charged.
Yes..If they paid you for the vehicle it now belongs to them..Other than that if you're paid up then the car belongs to you.
YES! Pay your repair bill and the problem goes away.
This helps to keep patient payments up to date. The ledger shows the date the patient was billed and how much they paid.
It will depend on a number of things you did not mention 1) the state 2) the type of loan ( is the vechile used as the collateral on the credit line) If you are uo to date contact the bank. Let them know what is going on and they may ( again, depending on the state) pick up the vehicle for you, at a nominal charge.
Make your payments on time. Pay by check and write the case number and the date the payment covers on the check. Keep a hard copy of every payment in a file.