If your car's repossessed and they take it to an auction do you have to pay anything and how long will it be on your credit?

Cars & Vehicles
Repossession
Loans

You dont HAVE to pay anything. You may not get credit in the future because you dont pay. It will be on your CR usually for 7 years. Depending on where you live, if the lender gets a judgement, they could garnishee your wages.

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If your car was just repossessed will they let you get it back if you have the money and how long will it take to get it back?

get it back?? prolly, depends on your payment record,ect. They really dont want the car, they want the MONEY. How long?? a day or two

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How long do you have to pay on a car loan to help your credit?

Until your car loan is paid in full. Usually around 36 months, give or take.

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IF you have your lease car repossessed do you have to continue paying after they sell it?

this would vary from situation to situation. In general, No. but without seeing all the terms and all the paperwork you signed, no one can tell you for sure.

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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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Are you still going to have to pay the balance if they repossess your car?

You will pay the difference in what they sell the car for and the balance that is owed on the note. You may also pay the repo fees. Your credit will be ruined for 7 years. Contact the lender ASAP and work this out. They do not want to repo your car and I am sure you do not want to loose it. Actua...

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If your car is repossessed do you still have to pay for it?

The vehicle will be sold at auction, the proceeds will be applied to the loan and to the repo fees, then you will still be responsible for any remaining amount owed to the loan.

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Can they make you pay after they have repossessed your car. you are on disability?

they can try - usually they repo and sell vehicle at auction - then sue you for the difference. If you have no income then essentially explain that to them or a lawyer if applicable. Chances are they will drop the issue and just stick it on your credit report as a repo and negative write off.

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If car is repossessed do you have to pay the balance on the loan and if so how much?

Once they repo the car, the lender will sell the car for whatever it will bring. You will then be responsible for the difference in what the car brings and the balance on the note. You may even be responsible for repossession fees, and your credit will be ruined for 7 years.

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Do you have to surrender your vehicle if they come to repossess it?

Yes. It is their job to take it and they will do it by force if needed. Better to be peaceful than risk the cops getting involved.

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How long do repossessions stay on your credit report?

Vehicle repossessions stay on you credit report for 7 years.

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If a car is already charged off on your credit how long do they keep looking for it in California?

Until they find it. If it is charged off on your credit report then the creditor sold the note to a collection agency who will hire a repo-man to track down the car so they can recover it and sell it to make the money back that they paid to creditor for it.

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In Arizona do you have to pay the balance in full if your car is repossessed?

I have never lived in Arizona but I am in car sales and am familiar with the law in Tennessee and Virginia and North Carolina I would imagine the law would be similar because of interstate commerce laws.If a car gets reposessed that has a balance on it from the leinholder the leinholder has a rep...

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Do you still have to pay if your car is repossessed?

Even if your car is repossessed and later sold at auction, you might not be off the hook.If your car sold at auction for less than what you owed on the loan, you must still pay the remaining balance to your lender.The creditor will notify you of how much you owe and you will be responsible for ma...

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Once the loan goes to the repossession department how long do you have before they take the car?

as soon as they can find it

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Do you have to pay for a car if it is repossessed?

The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.

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If you call in a voluntary repossession do you have to keep paying on the car until its picked up?

If it drives, take it to the finance company and hand them the keys.

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Can lawyers take you to court and make you pay the rest of a contract after they auction the car?

It's actually the leinholder who files suit; the lawyer simply represents their client in the court. Anyhow, the answer is yes - you are still legally liable for the remaining balance of the loan, and you can be taken to court for it and ordered by the court to pay it. How likely it is to happen ...

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How much is it if you get in an accident and you have to pay?

That would depend on the damge done and many more factors.

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How long does it take for a car to be sold at auction?

Frequently it takes from 1 till 14 days auction time. The car is sold till the days, which is set from the seller, are not over. Also the car is sold only when the reserve price is reached. When you go to an online car auction there you can see the time, how much remains.

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How long does it take for a car to be repossessed after the request was made to repossess it?

The time frame depends upon the lender. Regardless of whether the repossession is voluntarily done by the borrower or a forced repossession by the lender the consequences remain the same. The borrower will be responsible for any deficiency between the amount that the repossessed vehicle is sold f...

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If you filed chapter 13 after your car was repossessed and the bank was notified how long does it take to get your car released?

You only get the car back if you file for Chapter 13 before the bank auctions off the vehicle. If you file for Chapter 13 before the auction, the bank should turn over the property right away. If the bank won't cooperate, you may need to file a formal motion with the bankruptcy judge for a turnov...

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If one car was repossessed and you are making payments on another car can they take your only car even though you owe on it?

If payments are current and there has been no breach of the loan contract the car cannot legally be repossesed. It is highly unlikely that any lender would want to initiate such proceedings if they are getting paid in a timely fashion. Repo is the last thing a lender wants to do.Even though bankr...

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Can you repossess a car if it is at a repair shop getting fixed and they have it sitting outside waiting for the debtor to pay there bill?

NOT LEGALLY...however you wouldn't be the first to do it. That's why most repair shops have fences for storage. The shop is legally entitled to its repair charges. Why not just let the LENDER pay the repair charges and then get the car?? That's how its supposed to work. Email me if you have more ...

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Do you have to still pay the loan if they repo your car?

Theoretically yes (though what the car is resold for is applied to the balance of the debt as a credit). However, lenders know their chances of getting that money are slim to none, because if you'd had the money you would have been making the car payments in the first place. So they tend to try t...

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Someone was driving your car and got a ticket if they dont pay it will it affect your license?

Yes, since the registration is in your name.In Ontario, you will be unable to renew your licence plate sticker until the fine is paid.

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How long do you have until your car is repossessed?

Untill the re-po man finds you, could be a day, could be never if you're good.But usually the bank wont send a re-po man until you have become very very late, few months give or take.

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How long do they have to finance you for a car loan before they can take it back?

If you have paid more than a third of the total HP price including charges than they have to take you to court. If you've paid less than a third they can reposses it without a court order.

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If your car is reposessed do you have the right to bid for it at auction?

If your vehicle is being sold at a "Public" auction where anyone can go in and bid - then yes you can bid and/or buy your vehicle. Keep in mind that - if for instance - you owe $5000.00 and you buy your car back at auction for $3000.00 - you will still owe the lender the $2000.00 difference. In o...

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If your car is being repossessed and you tell them to wait so you can retrieve your pp but they leave can they charge your for getting your pp back And yes you do have a witness?

No, they don't charge for that, but you should have told them to go away. Then they could be charged with criminal tresspass or breach of the peace, depending on your local laws.

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How long will it take to pay off a Nissan GT-R if you become a firefighter?

As long as it takes you. Without knowing what you paid for it, what your job will pay, and what your other expenses allow you to pay monthly, this is an impossible question to answer.

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If live in Indy in your car is going to be repo and ihave not got any the in the mail can they come take your car?

Of course, the bank has the right to take it if you are not making any payments.

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Can a collection company take your car to pay a debt if they have a judgment already filed against you?

I don't think they can take your primary car or home but they can make your life a living hell. Ask a lawyer just to be on the safe side.

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Will someone that hit your car and ran pay to get your car fixed and pay to get you a rental car while it is being fixed?

If you got the reg plate number yes, otherwise sorry no

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Do you have to pay a lawyer if they lose?

A client pays a contingent fees to a lawyer only if the lawyer handles a case successfully.If you win the case, the lawyer's fee comes out of the money awarded to you.If you lose, neither you nor the lawyer will get any money, but you will not be required to pay your attorney for the work done on...

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How long does it take for a car to be repossessed?

A repossession order is a legal document that grants the lender the right to repossess an asset, which can include a vehicle.Once the repo takes place, a repossession is listed on your credit reports for seven years and lowers your credit score.

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How long does it take to repossess a car?

Based on personal experience, 20 minutes from time of assignment up to 2 yrs.

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If I donate my car to the kidney foundation will they pay for the towing to take it away?

Yes, if you donate your car to the kidney foundation they will come tow it away for free. Here is the website for more information if you would like: www.DonateACar.com/Kidney_Fund.

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If you have a car fixed and cant pay right away can they sell it at a police auction without giving you reasonable notice?

yes they can sell yo whip to da po po for da lo lo

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What does an American leinholder have to do to repossess a car in Canada Can they just come and take it?

First off, if you know where the vehicle is located, you need to register the vehicle in that province in what's called a PPSA (Personal Property Security Agreement). This shows you have an interest in that vehicle to start with, and should be done as soon as you know or became aware of the vehic...

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How long does it take to be an ambulance driver?

It depends on the hiring agency/company. For a private ambulance company you would need a minimum of a state EMT licence, which could take a few months or less to earn by passing an exam, plus a good driving record, and passing a physical exam.

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What options do you have in California if your car was repossessed and you want to get it back?

The lender is required to notify you at your last known address as the details for redemption. You can CALL the lender, you will have to talk to them sooner or later. MERRY CHRISTMAS

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If your car was repossessed today but you are willing to pay off the remaining balance do you have a good chance of getting the car back?

Call the lender first thing in the morning and make the arrangments to payoff.

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If you hit a car and damaged it but your car has no damage. Do you have to pay?

You hit the other car, so yes, you need to pay to have the other car fixed. Your insurance should do this. If not, it is out of your pocket.

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Do you still owe the money for the car if they have repossessed your car?

You would owe any payments not made up until the day the car was taken. So, if you hadn't paid for two months and they took you car, you would owe those two months.The borrower would owe all back payments and penalties plus any difference in the amount of the loan and the amount for which the veh...

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What happen if you have a Commerical Drivers license in Texas and get a speeding ticket and you just want to pay the ticket how long does it stay on your record and how many point will I lose?

Points will be assessed for three years. It will remain visible on your MVR for seven years. How many points against your license and how many CSA points you receive (if operating a CMV) depends on how fast you were going in relation to the speed limit.

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If your car was repossessed how can you find out where it is and how much you owe on it after they sell it?

you need to call the lien holder or the police they should have a log of all repo's done in the town u are in. Also you will not find out what the car was sold for until after it is said and done. most states you have so many days to get the car back.

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How can they still get money from us if they got 10000.00 at auction and you have paid 10500.00 do you still have to pay 10000.00 more for a car that cost 17000.00?

You paid $10.500 for auto. It went to auction! then it must of been repoed! How much did you owe on auto when it went to auction. the auction paid 10000 & THE COST WAS $17000.Did they send you a paper showing balance owed to car along with auction sale price. I wouldn't pay another cent to them.

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You live in CA and have failed your first road test How long do you wait to take it again?

Call DMV and ask them.

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When a car is repossessed and sold at auction in NJ how will this auction be handled and can you find this info anywhere?

http://lis.njleg.state.nj.us/cgi-bin/om_isapi.dll?clientID=6507825&Depth=2&depth=2&expandheadings=on&headingswithhits=on&hitsperheading=on&infobase=statutes.nfo&record={3E10}&softpage=Doc_Frame_PG42 The lender should be able to give you this info. It will likely b...

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Do you have to pay if your car fails inspection?

If my vehicle does not pass a portion or all of a safety and emissions inspection, do I have to pay the inspection fees when it is re-inspected? In other areas of the state, you must bring it back within 30 days to the SAME station that did the original inspection.

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If you have a car loan can you switch that over to a different car and if so do you have to pay another downpayment and have your credit checked?

What are you planning on doing with the old car? Giving it back? The bank/lender won't take it back. Banks never do, and if it's a car dealership they will buy the car back from you at a very low price (i.e. black/bluebook price). I mean low compared to what you could sell the car for privately, ...

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Can they garnish your pay for a car you have asked them to repossess because it has had many problems and now needs a transmission?

YES. and Thanks for posting your state.

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If you fail to pay a car payment do you legally have to pay it anyway?

Its a binding contract and after enough finance charges and slams to your credit Im pretty sure they would repo it? So I would say yes, considering you signed up to make payments on it they expect it and the Bank/Loan Agency Expects their money back in anyway

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How long does it take to get your car back after repossession?

15 days is most commonly used as the set amount of time whether you are able to choose to pay your back payments or redeem your vehicle by paying it off in full.If you do not receive notification from your lender after the repossession spelling out your options, you need to call them as soon as p...

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Do you have to pay back a car repossession?

Find out if you can get it back Often, a bank or repossession company will let you get your car back if you pay back the loan in full, along with all the repossession costs, before it's sold at auction.You can sometimes reinstate the loan and work out a new payment plan, too.

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Can your car be repossessed if you own it?

Every state has its own rules regarding repossession but having a security interest generally means your lender can repossess the car without notice if you default on the loan.Many things can constitute a default but the most common reasons are not making timely loan payments or not having car in...

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Can your car be repossessed if you are in it?

Every state has its own rules regarding repossession but having a security interest generally means your lender can repossess the car without notice if you default on the loan.Many things can constitute a default but the most common reasons are not making timely loan payments or not having car in...

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If you have a choice should your repossessed vehicle be sold at a private or public auction?

Dealers pay low(wholesale) prices at a public auction, private might be better. A lot depends on the car and the markey for it in your area.

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What if your dad wants to use your social security number to buy a car you are 20 and his credit is bad. If he cant make the payment will anything else happen besides affecting your credit?

You should never give your social security number to anyone, reguardless of their intentions. If they misplace that number, the damage can be irreperable. If you are 20, you likely have no credit, and sad to say, likely have no understanding of how bad credit can affect you. It's a bad path, I wo...

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Do you have to pay anything upfront with Openpay?

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How long do you have to get your car fixed if it fails inspection?

Depends which country you are in and which inspection it fails.

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When your car is repoed and you pay the loan off how long do they have to give the car back?

they usually do not give it back. once they take it, it is theirs.

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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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How long does it take for a car dealership to pay off your trade in?

The dealer also knows they have 20 days to pay off your trade.Every day they're late paying off your vehicle they'll have to add $3.34 until it's paid off.Once they pay off your trade with the lender they'll receive the title and will then be able to retail or wholesale your trade.

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How long do you have to take care of land before it becomes yours?

All states have a time period that the adverse possessor must use the land before it becomes theirs.New York law requires the land to be used for at least ten years before the adverse possessor gains title.The adverse possessors claim or use of the land must be incompatible with the owner's claim...

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How long does it take to get 700 credit score?

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If your husband is being stationed in Japan and you can't take your car can you get out of the financing or do you have to have your car repossessed?

You need to contact your husbands CO and/or base JAG for better advice. There ARE solutions for the problem and they can help you utilize them more effectivly than I. Do that BEFORE you do anything else.

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If your car payment was 22 days late and when you made your payment the car was repossessed on the spot is there anything you can do?

It looks borderline MEAN, but if you were late, you were in DEFAULT and the lender has the right to repo when you're in default. Some lenders (BHPH lots) are MORE aggressive in their repo policies that others.

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How long would it take to buy a car if you only have a learner's permit?

It would take about 6 or 7 months to get a car if you go to each test they have for you.

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Is it best for your credit to let a jointly-owned car be repossessed?

the finance company won't let you get your name off of it. That way they can keep you on the hook since he can't pay for it. it will hurt your credit, but if you have a car you pay for on your credit and explain in the future what happened, you should be able to get another loan. If your name is ...

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If you had a vehicle repossessed and the vehicle was sold at auction how long would the financial institution have to legally receive payments for balance owed.?

From expierence, we had a vehicle repossesed over 10 years ago. I don't know if it's legal or not, but the company has been getting money from us ever since. I don't even know how much we still owe, they do not send a statement or anything.

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How long does it take to establish credit?

According to Experian, one of the major credit bureaus, it takes between three and six months of regular credit activity for your file to become thick enough that a credit score can be calculated.

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How long after bankruptcy Do they take your car?

Once the bankruptcy is discharged, the Official Receiver cannot claim any other assets if you applied for a personal bankruptcy.The Official Receiver will typically claim and seize any equity within three weeks at the earliest and twelve weeks (3 months) at the latest.

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How can you be sure if you pay for a car and the seller will not disappear with your money?

The best way to be sure that if you pay for a car online that the seller will not disappear with your money is to use a secure form of payment such as Escrow. and paypal

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How long does a car repossession stay on your credit report?

According to Experian, auto repossessions stay on your credit report for seven years after the original delinquency date.It can negatively impact your credit for the duration of the seven years but that impact lessens over time.

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Can creditors force you to sell your car if they have a lien on it?

No, they cannot. But if you borrowed money to buy the car, they can repossess it if you do not square things up. If they take it, they can sell it for you, and you will still owe the difference between what it sold for and what you had left to pay on it.

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Approximately how long after your car is repossessed do they come after you for the deficiency?

As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.

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What if you refuse to let your car be repossessed?

Varies state by state. But the common theme is once the repo guy is in control, i.e. behind the wheel or has a tow hook ON THE VEHICLE, one cannot stop the repo.Most jurisdictions consider this a 'civil problem' until one party assaults or makes threat of harm to the other.This applies to both si...

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Do you have to be a dealer to go to an auto auction?

In most cases, you'll need to partner with a dealer.A dealer car auction is generally open only to dealers with auction license, which means you'll need to ask a dealer to go auto auction and bid on your behalf.Also, you can look for information on how to get a car dealer license without a lot.

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How long does it take to repossess a vehicle?

I don't know about you but i would just watch operation repo

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How far away can they take your repossessed car?

They can sell the vehicle anywhere it is 'commercially reasonable". MOST lenders try to keep the vehicles in the same state they are repoed in. You should contact a LOCAL attorney for state/case specific advice.

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If an insuranced person hits your car and your car has never been in an accident Are they required to pay anything for the loss of the value of your car?

Depends on the state or country you are in. That's why it is best sometimes to get an attorney. Some insurance companies supply their own attorneys for their clients. If the damage and personal injury is substantial it would be in your best interest to get an attorney>In my opinion the insured...

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How do you find out if your car is going to be repossessed in Arizona?

If you are more than 1 payment behind rest assure it will be repossessed. The way to prevent this is to catch up on your payments ASAP. Default on the loan agreement you signed, and they will repossess the vehicle. They will then sell the vehicle and you will pay the difference in what the vehicl...

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How many payments or amount behind do you have to be to get your car repossessed by Ford Motor Credit in Colorado?

legally, you only have to be behind one day. Usually a lender will try to work wityh you for 30-60 days to let you catch up. They dont want the car, they want the money.HEY GUYS TRY WWW.STOPTHEREPOMAN.COM TO KEEP FROM LETTING YOUR CAR BE REPOSSESSED

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How long does one have to be delinquent on a loan before a car is repossessed?

To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.

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How long does it take to go from bad credit to good credit?

Understanding Your Credit Report In general, credit repair takes about three to six months to resolve all of the disputes that the average consumer needs to make.

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If you have bad credit and you need a car and you have money and nobody will give you a car what do you do?

There may be several options available to you. # If you have enough saved you could buy an inexpensive car for cash. Then when you have a better credit history you can get a better car. # There is a program to help parents with poor credit to buy a car. It is called Ways to Work. You can find the...

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Is it true that a lender cannot put a repo on your credit if the car is being repossessed at a repair shop having actual repairs done?

Gina, if the repoman picks it up. its a REPO. Ya cant hide the car in a repair shop.

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If you have car insurance and your child takes it without your permisson and wrecks your car are you covered?

only if you have full covrage.if you only have liabilty your screwed unless they had your permisson.it's called auto theft to the insurance co.if you don't press charges,then you get to pay for everything.

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If you have good credit and wanted to lease a car would the lease be cheap?

I'd say yes because when you see commercials advertising leases at "$199 a month for 36 months" for well qualified customers, it means exactly that. So if you have a good payment history then yes your monthly lease payment should be low. However, be wary of the mileage clause in your lease contra...

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If you have not paid on your car for several years and lost the paper work how do you find out who you owe and where to pay?

Request your credit report and the information should be on there.

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How long after you dont pay your car payment is a car repossessed?

Depends on the contract you signed with the lender. Read your contract. The lender does not want to repossess your car. Contact the lender immediately and work this out. The worse thing you can do is not do anything. Let your car be repossessed and you will ruin your credit for 7 years and pay th...

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What options do you have in Connecticut if your car is repossessed and you want it back?

Your option is to CALL the lender who had it repossessed and find out how much it will cost to get it back. Repossession is a matter between YOU and the LENDER. There is no state agency that oversees the process.

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If your car is impounded without a title with it how long do they hold it?

Until you can prove legal ownership of it and pay any outstanding fines, penalites, or impound fees that may be associated with it..

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If someone is driving 50 km an hour for 325 km how long will it take?

50/60=.83 (number of km per minute) 325 X .83-=269.75 minutes 269.75/60=4.49 (minutes it takes/minutes in an hour) rounding it off to 4.5 or 4 and 1/2 hours to drive the distance.

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If someone hits your parked car and says they want to pay out of pocket and has not yet done so what legal actions do you have?

Gather all the info and evidence you can and take them to small claims court. You can also try calling your insurance agent for more ideas on what you can do. They won't put this on your record and it won't hurt your premiums just for asking. You could always pull the ole "my friend's parked car....

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Do you have to pay the dealership anything when you win a car?

Not the dealership, but you have to pay tax, tags and title.

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What happens if you have a baby on the way and have bad credit and have a high interest rate on your vehicle and cant afford it?

The best option would be to sell the vehicle for the equity you have (as in, the amount you have paid on it) and buy a reliable used car for cash with no payments.

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Do you leave Tampa Florida plates and registration papers on a car that will be repossessed?

Fl law says plates remain with the debtor so, inventory them with PP and wait on the debtor to come get them.

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