What happend if you do not continue your car payments but the loaner didn't pick up the car?
491896
First of all, they will find your car sooner or later.\n\nSecondly, and more importantly, it will affect your credit negatively for at least 7, possibly 10 years. This means you won't be able to buy a house, another car, get a credit card or student loans. \n\nFrom there, if you clean up your act enough to get credit again someday, you will pay interest rates that are double or possibly triple what some consumers pay.\n\nIs it really worth it?
66833
Read the contract you signed and see what it says. If there is nothing in it saying they had the right to repo the car, then call the police and report it stolen by the dealership.
779408
My car was just stolen too. I had to pay the motherfuckers 650.00. which is total bullshit. Anyways call the :THE VINE. Its a victims line. They may be able to help you out. I went out to get my car 4 times before they would let it go. Because it was out of my county, I had to get 2 releases which didn't cost anything. It was more of a pain than anything. Meanwhile my car sat stripped . Not to mention the tow company took my battery and a few other items. So the faster you get the money the better. But do try the vine. Best of luck I feel for you.
856619
Contact the business which loaned you money for the car.  What probably happened is:  you turned the car in to them....they sold it....the amount of the sale did not cover your loan amount... you now owe the difference (called a deficiency balance).\n\nMake arrangements to pay it... and any other debts that you've decided not to pay.  Grow up....fix your own credit.... you and you alone are responsible for it.  You can pay a company to "fix" it for you, but it won't be fixed and you will then owe THEM money.\n\nIf you've been turned down for a loan, go back to that loan officer and ask her how you can become more eligible for a loan.  Follow her advice exactly.
55802
If you don't they will require a cosigner.  Do not purchase the vehicle if you can't pay for it.  It will only cost you more in the long run.
978354
Your credit score won't be affected unless you make late payments.  You're okay.\n\nGood Luck!
276384
Payment on what? Your question needs details.\n\nAre you refering to a mortgage payment or a car payment? Perhaps if the payment is late, it is a breach of contract so they can refuse and force the articles of the contract.
772467
That's tough, I'm sorry.  \n\nThey should have contacted you prior to auctioning the car off.  They are also to  send you a notice telling you how much the car was auctioned for and how much you owe after the auction.  I'd request proof that they sent you something.  Being a co-signer they can and will go after you just like they would do your mother.  I'd contact a lawyer and see what he/she says.  There may really be no way of getting out from under it.  Some people would suggest bankruptcy, I don't think you should have to go that extreme unless you have other things you need to get rid of.  How's your credit?  Is this car on it as a negative? Maybe you could get a loan to pay the car off, if this is possible ask the collection agency if they'd accept a settlement.  I'd offer a little over half of the balance.  That way this would be paid and you'd have a new positive account (bank loan) to help repair the damage that's been done by the repossessed car.\nGood Luck.
950772
Once a deal is closed, teh only action that will undo the r/ship is a failure to make the payment.\n\nThe car is not a problem SO LONG AS THE LOAN HAS ALREADY CLOSED. and the loan proceeds advanced However, keep in mind that if you do refinance in the near future or buy another property, then the car will be on your credit report.
1063314
your payments are deferred for a few monthes but you will be charged the interest on the unpaid payments
1024363
It depends on if you took responsibility for their items.  If you borrowed it and then it was stolen then you are absolutely responsible.  If you offered to hold onto the item for them then you are responsible.  If they just put it in your car and expected that you would take care of it then you are not responsible.  I would recommend not allowing anything to be left in your car.  If someone does then get rid of it!  That will solve the problem real quick.
733323
oops..... if the legal title ie. the log book is in her name then you've made things almost impossible, ... you may have an avenue, under an equitable interest, but you'll need proof that the loan has gone to paying for the car and that you didn't intend to give it as a gift......\n\nthe requirenments for a gift are \n\n1. intenetion\n2. sufficient delivery.\n\nand the only thing that you have any chance in is the intention, but if you intended to loan her the money to buy the car then thats the only hope, as if you took out the loan in order to buy the car for her knowing that she wasn't going to pay you back then .... stuffed is the word.\n\nlike i said the only avanue that i can see is the intention,... i.e. you took out the loan in good faith that your ex partner, of whom you trusted to pay you the entire sum back, could have an easier mode of transport.......\n\nbut this i'm affraid looks like a court case to me.....\n\ndepends on what you want to do ?... how much was the car ? how much was the loan?\n\nan important question will be why did you take the loan and not her?... if it was soley because she has a poor credit rating then that looks move favourable.\n\ngood luck hope that helps
737457
First of all WOW you got guts...second, if you get her to sign the car loan you got pro and cons....\n\nPROS... you will have the car and they cannot repo a car they cannot find.  Plus, if you don't ANY payment with a check or any tracking information they cannot use this against you.  DO NOT FORWARD your mail with the post office....change your State DL on-line to a PO box...not in your town but in a town you will drive through weekly\n\nCons...she can get a private eye to find your azz (I know I would) but if continue to use pay as you go cell and don't use a bank account and apply for nothing and you can DEEP DL.\n\nYou will get major bad karma for doing this but it can work.
765135
Are you saying that you have been late on your payments?\n\nDepending on the documents you signed, in most cases a creditor has the legal right to use reasonable means to collect on a legal debt, or to obtain information that can be used to collect on a legal debt. The car lot's remark to the landlord can be interepreted in different ways, and it is debatable as to whether or not such a remark is injurious to you.  \n\nThe contact with the neighbor might be illegal if the company revealed personal information about you. For example, if the company said that you were a deadbeat and were not making payments for a car you purchased, then that is probably beyond the bounds of what is legally acceptable. However, if the questions were more generalized, such as asking the neighbor if he or she knew you and your wife, prefacing it that the neighbor was listed as a personal reference, such questioning is probably acceptable. It all depends on what was asked, and what personal information was revealed.
676312
have you talked to the dealer about taking it back?  Find out how much they will give you back for it and then find out how much you could get selling it yourself and paying them off.  You will still most likely have some money due on the deal even if you no longer have the car.  that will suck, but at least the vast majority of the debt is gone when they take the car back or you sell it and pay it off.
1085544
call them and explain the situation. At the end of the day you agreed to pay it by accepting the card but they are not heartless people. \n\nAdvise of your current situation with income and other outgoings more important (car, house etc) and then arrange a repayment plan. The sooner you do it the better.\n\nIn some cases they will stop you being able to use the card and will stop or at least reduce the interest charges, but you're better contacting them sooner rather than later
580557
NONE , THE MOMENT YOU DRIVE OFF THE LOT THE CAR BEGINS TO LOOSE VALUE\n\nTHE DEALER OR SELLER WONT TAKE IT BACK \nAND WHATEVER CONTRACT YOU SIGNED IS LEGALLY BINDING\n\nYOU WILL HAVE TO SELL IT YOURSELF BUT YOU WILL GET A LOT LESS THAN YOU PAID FOR IT(EVEN IF YOU ONLY DROVE IT ONE MILE)\n\n\nGOOD LUCK \n\n\n\n\nTHINK BEFORE YOU ACT