what happens if i voluntarily return my car to the bank due to job loss
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
You can't keep it and return it too, Reword the question and ask again.
NOT unless they get a judgementand attach your returns.
If you were voluntarily assisting someone - sorry to tell you that it is YOUR responsibility. If you were doing it as a part of your employment or your duties, you can file for workman's compensation.
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
If it is too difficult to maintain payments on a car loan, it is possible to voluntarily give it back to the creditor or dealership. In some states, however, a creditor can sue for the remaining balance owed on the loan.
Well, your best option is to voluntarily return the car before a repo order is put out on it. It may reflect on your credit that you defaulted on the loan, but it will be much worse if you establish a history of non-payment and involuntary repossession. Talk to the dealer, bak, or whoever it is who has the lien on the title and see if you can work out another payment arrangement. If you can't keep the car, then voluntarily turn it in.
There are NO RETURNS! There is no federal law requiring a car dealer or a person selling a car to take a car back. The only exceptions are where the dealer voluntarily offers to take a car back or certain transactions in California that are covered by the California Car Buyers Bill of Rights.
You must leave it ON the dealers property somehow.
There are NO RETURNS! There is no federal law requiring a car dealer or a person selling a car to take a car back. The only exceptions are where the dealer voluntarily offers to take a car back or certain transactions in California that are covered by the California Car Buyers Bill of Rights.
No. He must voluntarily sign the title over to you.No. He must voluntarily sign the title over to you.No. He must voluntarily sign the title over to you.No. He must voluntarily sign the title over to you.