Can your loan be in default if you are making your payments on time but have failed to insure the vehicle or provide information to the loan company?

Cars & Vehicles
Loans
Personal Finance
Money Management

Yes. Making payments on time is only one of several things you agreed to do when you signed the loan papers.

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In California can a vehicle be repossessed if you only have 2 to 3 payments left on the loan?

Until you pay it off, yes. It is not yours until it is paid in full and the Lein Holder's name is off the title.

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What happens when you default on your loan and the insurance company pays out on your loan?

In most places the money goes to the BANK! Their name is on the title of the vehicle until you make all your payments and they sign a "release of lein".

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Can the dealership seize your car for defaulting on the downpayment while you are still making your payments on time to the lender?

seize your car for defaulting on the downpayment.... default is default.What does "default mean default" mean??? Can someone answer the question a little clearer than default means default. If I defaulted on the the down payment then the dealership should cancel the contract, not hold my car.Okay...

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Can your car be repossessed if you are making payments?

Truth – Car finance companies have the legal right to repossess your vehicle even if you are just one day late paying your bill.While it is unlikely that a lender will send out the repo man just because you are a few days late, the important thing is that they are not obligated legally to give yo...

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Are you in default of a car loan if the vehicle is not registered?

Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.

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Can the government take your car if you default on your student loan?

No, the government does not reposses property for defaulted student loans.A great program that started this past July 1 is the income based repayment plan. If you consolidate your loans, you can opt in for this repayment program. Your payment can be as low as $0 a month, based on income and # of ...

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If you have been late on payments several times but never sixty days past due can car be repossessed?

You would have to read the contract to see if someone can "legally" repossess it. But ultimately, there is someone, somewhere who makes a decision. This person can continuously let is slide, or they can just get fed up one day and take, or have someone take your car. They also know that if you ca...

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Does a car company have the right to repossess a leased vehicle if it is fully insured and all payments are on time and are you obligated to take it back if it is unlawfully repossessed?

if a vehicle is unlawfully repossesed, you can get the vehicle back, and claim back all monies you have paid, and keep the vehicle without any further payments being made as long as you have proof you were up to date You are never relieved of the responsibility of paying for a vehicle or the leas...

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If you have paid a payment and the finance company accepted it but still sent the repo man for your car can you get your last payment back?

NO, you owed it, you sent it in and its gone now. sorri

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If you stop making payments on your car and move will the repo man or finance company find you?

finding people who dont want to be found is the repomans job. MOST of them are VERY good at it too. good Luck on hiding the car. Remember, cars dont just fall off the face of the earth. Someone knows where they are.And usually will tell if the price is right.try stoptherepoman.com, I found it and...

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If you haven't made car payments in a long time would it be better to turn your car over to the lender or to start sending payments now?

You know how far behind you are, sooo, you should have that amount READY to send/give the lender to have any hope of continuing the loan relationship. In any case, you will have to contact the lender to resolve the issue, if only to tell them where to p/u the car. It will take much convincing to ...

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If you take a vehicle back to the dealership that was a lemon and don't make the first payment can it be filed on your credit if the dealership forgot to sign their part of the loan paperwork?

Yes, rightly or wrongly. So it is important to follow the proper procedures when dealing with financial contracts.

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Does the person who cosigned for you have the right to take a vehicle even if the payments ARE being made on time?

If the payments ARE being made on time, and if they are being made by YOU, the cosignor should have no rights to the vehicle. The police are going to look at whose name is on the title to determine who keeps the car.

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If you fail to make three car payments can the lien holder say your act is a felony?

Total nonsense...They are trying to get their car back. Scare tactics. But that does not make it true. Failure to make payments on a loan is NOT a felony. You are defaulting on a loan and they have every right to repossess your vehicle, sell it, and you pay the difference in what it brings at sal...

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If you always make your payments but are usually late each month will they repo your car because of your history even if payments have been made?

No as long as you are making payments every month. Most lenders won't reposess a car until you are at least 90 days late. The truth is lenders do not want the car back. Make sure and contact the lender and explaine your situation and they may even work with you to help you get cought up.

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You have made all your payments on time but you want to give back your car what do you do?

You will still be responsible for the contract terms regardless of whether or not the repossession is voluntarily done by the borrower or by the lender for default. The exception is, of course, working out some other agreement with the lender, but that seldom happens.

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Still have loan on vehicle can tags be turned in?

Yes in Virginia, but your finance co. will still require you to insure vehicle or they will add it on to your existing loan.

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When your car is repossessed will the finance company generally allow you to make payment arrangements on the deficiency or demand payment in full?

make payment arrangements on the deficiency???? IF you mean the amount you're in DEFAULT on, NO If you mean the amount due AFTER they sell it, USUALLY NOT. Why?? You couldn't pay notes on a car you could drive, so why would they think you will pay on a car you DONT HAVE??? NO lender WANTS to repo...

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Can you be turned over to collections if you are making payments?

If you owe money to a company and default on the debt, that company has the right to turn the debt over to a collection agency, even if you are making payments.A creditor is not obligated to accept payment arrangements on a past due debt: It does so at its own discretion.

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How can you get your car back you leased to a former friend that defaulted on the payment?

Hopefully, you had the good sense to put a lien on that vehicle. You can have a recovery agent repossess the car.

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Can a finance company repo your car if you are current on payments?

No...if you are completely current...and have nothing owing from previous months..again no.

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If you are making payments to the bank for your car does the bank have your car title?

no,you should have title.

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If the brakes fail on your vehicle the parking breaks may be used to help stop the vehicle as well?

Yes, the parking brakes can be used to stop the vehicle in emergency. But remember that, in most of the vehicles parking brakes apply only to one pair of wheels, so if the vehicle is in high speed, one has to apply them carefully and save the vehicle from skidding.

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What can you do if you have had your car repossessed before and you are currently paid up on your payments but one of the checks bounced?

Sit back and wait for NOI letter (Notice of Intent). * The majority of states do not require notice before a vehicle is repossessed. Contact the lender and explain the situation. And hope for a positive outcome.

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What if your loan company wants to repo your car and you no longer have it?

Then you're still liable for the money you owe the lienholder.

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What can you do if the cosigner has stopped making payments but refuses to give you the car or turn it in?

You might talk to a lawyer and settle it in small claims court.

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How much time do you have to report an accident to your insurance company?

Your insurer likely requires you to report accidents soon after they happen, often within 30 days.Some insurers, for example, might give you three years to file claims for bodily injury.

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How late on payments do you have to be before your car can be repoed in Arizona?

Depends on your finance agreement. Most say that after you miss a payment it can be repo'd. There really is no state mandated time limit before repossession can occur. Best thing to do is make your payments and that way you don't have to worry about it.

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Do you have to tell your insurance company if you modify your car?

Always tell insurers about modifications made to your car, as not declaring could invalidate your policy.If you're changing your car from the factory specification, always tell your insurer at the time you make a change.

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If you cant make your full car payment does the lender have to accept what you can pay?

No, but if they accept any payment, they cannot begin the repossession proccess

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Car loan and the payment is too high can you keep your loan but get a cheaper car?

That would depend on how much you owe on this car. You need to contact the lender and see what can be worked out. Do not allow this car to be repossed. That would compound and already bad situation.

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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.

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Can you legally loan your car to a friend if it's insured to you?

You can legally loan your car to a friend, if you own it, but be prepared to pay for any damages done to or by your friend, because your insurance won't and they might cancel your policy. You must inform your insurance carrier if other persons will be driving your car.

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How late does your payment have to be before your car can be repossessed in Florida?

Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.

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Can your property be repossesed if you are not behind in payments?

Yes. When you borrow money you agree to all the provisions in the note and that includes other obligations apart from making the monthly loan payments. You also agree to keep the property adequately insured against loss and to keep your property taxes current. The municipal expenses for real prop...

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If your trying to get insurance for the first time and you were involved in an accident with a company car under there insurance and it was not your fault do you still have to tell the insurance polic?

I had a minor at fault accident with a company vehicle. I provided my current car ins co with a letter from my old car ins co stating that they did not pay a claim on this accident. My new ins company accepted it and ignored the accident. You can do as above although it is best to tell insurance ...

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If Chapter 7 BK is filed on a car loan will the bank repo the vehicle if the cosigner is willing to make the payments?

You need to calol the LENDER and discuss this.

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If you have insurance on your car can it be impounded?

Yes the police have the athority

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Can your cosigner repo your car if you are behind on your payment but not in trouble with the financial institution?

Amanda, if you are behind on the payment, youare "in trouble' with the lender. you are in default and could be repoed by the lender at any time. they just havent pushed the issue YET. Co-signor can only 'repo" IF they are listed as co-owner on the TITLE.

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What can you do if your car was repossessed but you were not behind in payments?

IF you had ins. coverage and were not in DEFAULT of the loan in any way, CALL AN ATTORNEY NOW ! ! !Are you sure the vehicle wasn't actually stolen? Usually the only two reasons for legal repossession are being in default on your payment or not keeping the required minimum insurance on the vehicle...

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Does your proof of insurance that you carry in your car have to be the original or can it be a copy of the original?

Your insurance company will give you a insurance card with all of the information needed for proof of insurance. Show that to whoever is interested.

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If a bank has approved the loan do you have to pay a down payment?

that all depends on the loan, the terms of the loan. you need ask the bank not someone on here.

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What are your rights when you repossess a vehicle that was in default and the person wants to sue you for moneys she has already paid but you won't be able to sell it for the balance owed?

Law on this subject will vary from state to state, so you should see a local attorney. In most jurisdictions, the owner cannot sue to recover the payments they made. If the lender follows proper legal procedure, the lender should be able to sell the vehicle at a public auction, apply the proceeds...

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How many times can you be late on payments before the car is repossed in Maryland?

ANY LENDER, by law, can reposses your car if your 1 day past due! There is no stopping them. You need to act fast before it is too late.

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If a car is in your name as the primary but your cosigner has been making payment for the last year and many of those payments have been paid late can you legally take that car from the cosigner?

Since the cosigners isn't paying, unless you start paying instead, and catch up on all late payments, the dealer or the bank will repossess the vehicle shortly anyway, so your question is moot.

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How can you get your car back if the finance company wants you to make the loan current and pay to get the car out but you can't afford to?

Gee, Hery, I dont see any way for you to get it back.

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If you have a NY driver's license but don't have a car of your own If you have been driving your friend's car But her car insurance doesn't have your name on it Can you still drive her car?

Absolutely. The CAR is insured, not the driver.

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Can you insure a vehicle you buy if you do not have your licese?

In the United States the answer is "Yes" you can buy Auto Insurance without a license. In fact you are required to be insured before you take your driving test to get your drivers license.There are many Insurance companies in the United States that will issue your Auto Insurance Policy without yo...

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If you are in an accident and at fault will the insurance company repair your car?

It depends on what company you have insurance with, where you live, and how much coverage you have been paying for.I have The Hartford Insurance. I was in one, I was at fault and they paid for repairs on the other guy's car and my car.It all depends on how much coverage you pay for in your premiu...

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If you do not drive your personal vehicle for business can the employer require you to provide proof of auto insurance and driver's license?

Good question. No he cannot. However, refusal is mighty suspicious-looking. Employer will distrust you and this may have negative consequences for you in future -- promotions, pay raises, bonus arrangements etc. Perhaps he has some idea for extra earnings opportunity for you if you use your own v...

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Can you lose more than you spend in stock purchase if the company fails?

You are in trouble only if you borrowed a large amount of money to buy the stock, then you are obliged to pay it back. If it was all your money, that's all you lose no more.

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What do you do if the finance company threatened to take your car because you were having trouble with payments but now you're ready to give the car back but they don't want to take it?

You cannot just "give" the vehicle back to them. If you cannot continue paying for the vehicle they will continue to threaten you trying to get their money back from you. When they see that it is hopeless they will repossess the vehicle and auction it off. I haven't read your contract, but probab...

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If you buy a car from a private party get behind on payments start making payments seller agrees to accept 3rd to last payment refuses next can seller demand payment in full or repo car in Michigan?

What sense does this question make any way.One thing to say just get it in writting and prefferably notarized ok then that way you will not have to worry about he say she say ok.

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Where can you find information on motor vehicle laws in Delaware pertaining to safety items you should or shouldn't have on you car?

http://www.dmv.de.gov/

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If you have 2 vehicles and one is being repossessed can they take your other vehicle?

If you have multiple vehicles, chances are they are not on the same loan. If you default on 1 loan and are current on the other they cannot repo the other vehicle. If they threaten you with they will repo your other car, or threaten you with saying such as you will be arrested. I suggest you cont...

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What do you do when you stop making payments on a car and you've asked the car company multiple times to pick it up haven't paid them in over a year but the car's still sitting in the driveway?

The car company is not who you should be speaking to. The lender who loaned you the money to purchase the car is the lien holder and the entity that actually owns the car. That is who you need to contact. Something is not right here. Normally the lender would not hesitate to repossess the car whe...

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Can you sell your car with payments left on the loan?

Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.

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If your transmission was damaged during the towing of your repossessed vehicle which you recovered can you get the towing company or lender to pay for the damages?

Probably not. The risk was yours since towing was the logical next step for failing to meet the requirements of the loan. It was your failure to meet the requirements of the loan which led to the vehicle being repossessed which subsequently caused the vehicle to be towed. All the towing company n...

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Can a lien be put on your car if the title is in your name but you owe money?

Yes, but only by a court order. You have to be notified of any court proceeding in which the plaintiff is seeking to place a lien on any property held by you, the debtor.

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If you are involved in an accident with a person who has no insurance and they are at fault does your insurance pay for repairs to your vehicle if you only have liability insurance?

No, Liability Insurance is just as it says, Liability only pays for damage you cause to another. It will not pay for damages to your vehicle if you had only liability coverage.s from other contributorsUsually they don't. If you had no type of uninsured motorist protection which doesn't cost that ...

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Can a bank refinance your car if you are upside down on the payments?

YES! You don't make your payments and they will repo. They will then sell the car and you will be responsible for the difference in what the car sells for and the balance on the note. Don't let it happen. Contact the lender and work something out.

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In Georgia can a car be repossessed if the borrower paid a lump sum to cover arrearages and wants to keep the car and make timely payments but the lender wants the car returned?

In Georgia, Has an "endangerment of security" if at any time the finance company fells that there security is in danger they can repo you car. A finance company can repo you car at any time even if you are current if they fell that there security is endanger. Example of Endangerment I have repo f...

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Can you be on your parents car insurance if you own your own car?

You may have to add their name to the title as co-owner.

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If you have a car that everything is in your name but the loan says your the co-signer and now the buyers are making payments what are your rights and theirs to that car and can they take the car?

You are confusing me. If everything is in your name, how can you be the co-signer and not the primary borrower, and where did the "buyers" come in? Are you, perhaps 16-17 years old and your parents took away your driving privileges?

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Can you claim to an auto insurance if you had a minor car accident but you don't have a driver's license but your car insurance its on your dad's name?

Driving without a license is a crime. If you report that you where driving your dad's care without a license, you could get yourself into trouble, and put your dad's rates though the roof. Do not call the insurance company and tell them you where driving unlicensed.If you have your permit, and wh...

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If you have a repossession on your car how can you get a car loan?

You can get a car loan, but will have to put down a very hefty down payment - sometimes as much as 50% of the value of the car. Small finance companies are more likely to help you out with that, but will charge you the maximum allowable finance charge (usually 29%).

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Is your insurance company required to fix your vehicle if you hit a state of Indiana deer?

No. We do not have state deer, here in Indiana. Only wild deer. www.nationalautoinc.com

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99 3000 gt that died on you while driving There were no warning lights or check engine light the timing belt seems to be ok but you have no spark to your dist of your plugs What could it be?

If you have no spark check with the electrical basics first- battery and alternator.

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I took out a car loan in my own name but I am not on the registration the car owner can not drive any more can I have the registration switch to me if I take over the payments.?

You must have the car owner sign the title over to you and then you can obtain a Certificate of Title in your own name. In fact, you should do it ASAP.

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If a vehicle leased to you is being driven by ex-fiance who refuses to make payments can you get it legally repossessed?

IF her name is NOT on the title, you can just go get your car.

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Can you be ticketed in Massachusetts for not having your insurance card in the car?

No, there is no such thing an an "insurance card" in Massachusetts. The insurance information is on the registration, you can't get the registration without it.

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Can you drive a car that is not insured but you have insurance in the UK?

In the UK you must have insurance that covers you to drive the car in question.

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Can a party take back the prophety if your still making payments on it?

depends on contract, if your up to date on payments they usually wont. if you pay in full at time of purchase it wont be a problem

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Do you have to accept recondition parts to repair your car in the state of Georgia from your insurance company?

No!! It's not the insurance that tells you how to fix your car, it is you who has the legal right to tell the insurance company. I learned this the hard way!

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Can a lender report the car to the police for not making the monthly payment on the loan?

They won't call the police, but the vehicle will be repo'd

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You were in an accident and the other party was at fault Their insurance company is paying to fix your vehicle but their insurance co wants to give you next to nothing for your med pain and suffering?

See a Lawyer who specializes in personal injury and auto claims. Be wary if the lawyer wants more than 25% of any recovery as a fee. Most states have a cap on what percentage a lawyer may be paid in the event any monies are recovered from the other insurer.NO matter what, DO NOT sign any release ...

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Can you use the emergency brakes to stop a vehicle if the brakes fail?

Yes, but remember to control steering and aim for the side of the road or the first clear area.

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How many payments do you have to miss before your car can be repo?

Depends on the lender. Legally, one!

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Do you have to repair your vehicle or can you take the money?

you never HAVE to do anything. it just depends on what you are trying to do or prove. if your short on money, go ahead and keep the money. otherwise, it would probably be best to get it fixed/ your choice

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If you have affordable auto insurance before filing bankruptcy based on good credit do you have to tell the insurance company you filed?

BK will not affect any insurance policies that are already in effect.

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You have to have your heater on or your car overheats what might be wrong?

It could be any number of things, but here's what to check...Make sure the radiator is full of coolant (with the engine off and ice cold, facing slightly uphill)If you need to add coolant start the car (with radiator cap removed) and add coolant while its running directly to the radiator. Once th...

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How can you protect your car from repossession over the weekend in order to make full payment on Monday?

Other than hiding the car very well, you can't.

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Can you trade in a car you re still making payments on?

If you're still making loan payments on a car you're planning to trade in, be aware that the loan won't just disappear.The remaining balance has to be paid off.That may not be an issue if the amount you owe is less than the trade-in value of the car, but it can become a problem if you owe more th...

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A trailer was sold with a written contract and live in AZ It has been six months and they have failed to make all the payments as agreed What can you do legally to get the money or the trailer?

I'm not familiar with the specific laws in Az related to this situation, but as in most states, you probably have to get a judgment against the party in small claims court (assuming the amount of the claim does not exceed the jurisdiction of small claims in your state). If the party has other ass...

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If you can't afford the payments on a vehicle can you give it back to the dealership?

You need to make those arrangements with whomever "financed" the car for you. If you got dealer financing, then yes ... if not, then dropping it off at the dealer will do you no good and is considered "vehicle abandonment".There is a good chance that whatever monies you have paid will NOT be retu...

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What are the names of some of the companies that provide loans to people to purchase cars despite having no credit history?

There are a number of places one can find auto loans to buy car's with no credit history. One can get a loan from 'RoadLoans', 'Santander' or 'E-Loan'.

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You have not made the car payment as you are filling for bankruptcy- can the bank reposses your car if it is not parked in your parking space?

Until the bankruptcy goes through, you continue to owe the money and the lender continues to own the security. Therefore they can indeed repossess your car.Where the car is parked is irrelevant. In most cases, they won't even know, let alone care, that the space is reserved for you. They will sim...

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Can your car be repossessed if there are children's safety seats in the vehicle?

Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back ...

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Do you need to be added your parents auto insurance if you get your license but will not be driving alone you will be using your permit with your parents in the car?

Yes, because you will still be behind the wheel, it doesn't matter who else is in the car.

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How far behind a vehicle do you have to be for it to be legal to have your brights on?

I think as long as you can see the vehicle in front of you, you should not have your highbeams on

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If you are 45 days behind on your car payments and have moved and not given the lender your new address can they come after you and can you be jailed for hiding the car?

If the lender wants the car back and doesn't think you are going to pay because you have moved, they can find you in much less than 30 days. Look at it from the lender's viewpoint: you're 45 days late, moved, left NO forwarding address, no way to contact you. WHAT does that look like to you?And, ...

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Can you Have A Registered car but have someone else on the insurance?

Only your insurance company can answer that - mine does... I have insured vehicles that were not in my name and insured vehicles in my name for other drivers - Geico... I have also loaned vehicles that were in collisions and they still covered them even though I did not specifically "add a driver".

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What happens if a finance company refuses to repossess your car but you haven't made a payment in over 6 months?

It seems there might not be much market for cars such as yours(junky, clunky, ragged out, motor blown?) so the finance co. decided to let you keep it. It's not worth repoing for what it will bring. BUT, that doesnt effect their ability to SUE you, get a judgment and/or garnish your wages, OR any ...

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Do finance companies install a 'chip' that makes your car shut off if you are late less than 10 days on a payment?

Some dealers use a system called "OnTime" to help debtors remember that a payment is due. The dealer gives you a code to input to the device that keeps the car running until the next payment is due. Use of this system is growing as it eliminates the need for repomen. It makes the cars much easier...

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If you have full coverage insurance and a person who is not licensed gets into an accident in your vehicle can insurance cover your car damage?

Yes.Thats what full coverage covers

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Do you have to be the registered owner of a vehicle to insure it?

In most cases, the owner of a vehicle will insure it in his or her name.However, there are a few circumstances in which the owner of a vehicle may not wish to insure it in his or her name.This often occurs when the vehicle's owner is not its primary driver and does not wish to pay for insurance c...

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Can you register a car in your daughters name but keep the loan in mine?

It depends... it may depend on local state law, but when I was in the finance business, some companies required everyone on the loan to be on the title.

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Can co owner not on registration take vehicle from owner who is on registration owner not on registration is responsible for loan and other owner is causing a default by keeping car and failing to gi?

No. You need a court order. If you agreed to obtain the car loan you should have placed your name as co-owner on the title. Since you are not on the title you cannot take possession of the car. Since you ARE responsible for the car loan you must keep the car payments current. You need to take the...

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Can a repair shop keep a vehicle as collateral for repairs if the owner is still making payments on the vehicle to a used car dealer?

YES! Pay your repair bill and the problem goes away.

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If a you sign for a car for your friend and they don't make payments on it and its in your name can you sue your friend?

i am not sure and you need to call a lawyer

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