Sentences with phrase «repossession process»

Chapter 13 bankruptcy could be better than debt settlement if you're using bankruptcy to stop the foreclosure or repossession process on a house or car AND if you can afford to make your loan payments while you're getting caught up on your past due balance during bankruptcy.

This said, there was also a sharp increase in the number of mortgage possession orders, the next stage in the repossessions process, being issued during the second quarter of the year.

However, if the foreclosure or repossession process has already started, bankruptcy may not permanently prevent it.

Question companies that say they can lower your monthly payments or stop the repossession process if you pay them a fee up front.

Answers to these questions will hopefully provide a better understanding of the repossession process and its consequences.

If you can, try to make some loan repayments during the repossession process.

After you have missed a payment by 10 days, your lender may begin the repossession process.

If you do not surrender and deliver your vehicle after 10 days in default, your lender may take the first step in the repossession process.

Normally, it will take at least 90 days of non-payment for the repossession process to start.

It is common for lenders to make mistakes in the repossession process.

Lenders do not need a court order to start the repossession process.

If you've been threatened with collections, and they've even gone as far as threatening or starting the foreclosure or repossession process, filing personal bankruptcy may stop those efforts cold.

You can approach a homeowner long before the foreclosure auction, he tells the students, once the property goes into default, which is the first step in the repossession process.