What would happen if i stopped paying for a car? related questions

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What would happen if i stopped paying for a car?3Nastia2012-11-05 15:55:02
What if I leave my payment has been taken by a car that was volunteer completed almost a year ago , the car loan was canceled when they took the car back , but then I said that was part of the monthly payment of a personal loan and payments have continued what would happen if I just canceled it in the bank ?
What would happen if EVERY person in the country stopped paying their debt all at once?2grouse2012-11-05 12:48:05
It seems that the debt is the American way of life today, and it seems to be getting better in the future unless drastic changes are made in our country . If the figure averaged over all U.S. households , the amount that comes to over $ 120,000 of debt per household . When 1 in 3 Americans have no savings , how do you think that many will be able to pay off your debt ? MedlinePlus MedlinePlus Many people will be in debt until you die , if you just make the minimum payments . But what would happen if everyone , all at once , stopped paying her credit card, mortgage , auto , and student loan payments ? Forever? What could I do to banks ? Can they really make their homes all at once? And have 60 million families homeless? There are not enough police to enforce that. Do repo men towing millions and millions of cars away at once? Not enough repo guys do that . The big banks really could not do anything if the entire population rebelled and stopped making payments on the debt for good, the banks would collapse because they make huge profits on interest and late fees . It may not erase the record of debt , but it would be impossible for banks to enforce anything if everyone rebelled at once. MedlinePlus MedlinePlus This idea would only work if literally everybody did. It would not work if only a few families did. It's time to stop being a slave to the big banks. It's time to stop being afraid .
What would happen to the economy if people stopped taking out huge loans...?0DeAr_2012-10-12 19:57:19
and cash only bought things . and as for households at least put half .
I finance a car for a friend, his name is not on the loan, he is got the car but he stopped paying,?14Shirley2012-09-10 16:10:02
now I have to pay for the car , but what I can get it back?
I've stopped paying my CC, what can I expect, and should I just file Bankruptcy?3Tha2012-09-11 21:43:04
Someone please help me solve this. I've been out of work for over the last two years. I recently started a job and I'm doing just enough to live on and has gone with a friend to save costs. I had perfect credit until now ... only 2 months I lost my first two payments on my credit cards and have not made a payment since. At first I told the CC company that I was not able to make a payment for a few months, but now I see that I have enough money to make a payment at all and I do not see that kind of money again in my current job . I see no possibility that higher pay, and believe me I've been applying for the past two years. My debt with the two cards is 20 k each, with a total of 40K in debt cc. Also I have 14K in student loans on top of that, what I just caught up payment. These debts are all school expenses, I thought I would be able to pay them off soon after school, but, but was not able to complete the program. My question is this ... if I do not pay my cc debt, no home or property, and my car is a pileup, have no dependents, eventually going to happen? I am already being called 13 hours a day by collectors and it's only been two months. Would it be better to simply filing for bankruptcy? My income was 43K 3 years ago, and now in the last two years have been a total of 15 K (mainly won the second half of 2008). If my credit is going to ruin anyway, why not just file chapter 7 bankruptcy if I have no way to pay in the next decade? Bankruptcy seems my only option, but I know I'm desperate and I hate to do something as drastic if there is a better way ... I just need to know what the best way is and what to expect. Please someone enlighten me. Thank you!
My sisters ex husband has stopped paying alimony?1biti2012-10-16 06:33:02
My sister divorced because she found someone else . MedlinePlus MedlinePlus Basically the house rose , children and gave the car , it was a nice thing to do , as it could have been . MedlinePlus MedlinePlus Basically , she has no job and is dependent on him to repay student loans for women's studies , as well as child support and alimony . MedlinePlus MedlinePlus Has failed to pay child support as well. MedlinePlus He says he is barely able to pay for your medicine . BS . It's called insurance . I should get some MedlinePlus . MedlinePlus I have really wanted to turn around to wherever the hell it is and kick his . MedlinePlus *** MedlinePlus My sister wants to know if there are legal options for this?
Stopped paying credit cards for 7 years??!!!?2Njeri2012-10-27 03:36:02
I recently learned that my handicapped brother had gotten about five credit cards for seven years. He made a very poor choice of maxing them all ( a total of ten thousand or so) and then not pay a cent for them . He said he called for the first year , but now they have contacted in the last six years. So I guess they are definitely a kind of collection agency. But I wonder why just stopped trying to get the money . Each card was only in 1500 that maybe therefore is that it is a small amount stopped trying ? It would not be hard to find, so I can not imagine why they were not seeking repayment of what you owe. He's never going to need a loan , credit or, for that matter considering his disability and how it affects your life , so it has no intention of making a payment and seems to think that everything just let it go . Have they ? What will happen if you continue on this path ? Any suggestions or advice would be greatly appreciated.
I stopped paying my car loan, and I still have a year left, it supposed to be repo'd, can I still pay it off?1SHAREEN2012-09-19 17:06:03
I stopped paying my car loan due to financial difficulties and have not paid , say , eight months . Repo Men have been looking , but I'm hiding somewhere discreet. I have one more year on the loan. ? I can pay the remaining balance and not get hit credit ? Will you continue in my car ? ? I can be taken to court and sent to the dwarf ?
My brother stopped paying his car loans.I'm also on the loan. Just bought a house.?5Lincoln2012-10-24 19:25:03
I can not afford to pay their monthly loans . Both are on the loan . He did pay for the last 18 months. What will they do now ? Can they forced me to sell my house ? My brother has really bad credit history , so you can not refinance.
I had unsecured personal loan from Nat west offshore bank, after ew months I stopped paying the loan?4luigi2012-10-07 11:49:02
and the number of checks guaranteed a fight of 5000 pounds because some finical difficulties , the Bank called me and said he will send the case to court , I offered the bank to repay the loan , but declined in my capacity without extra interest but the bank and will have plenty of time to cover the loan , now if the case went to court , the court can order the judge to Interpol police , and was charged Internatinal in Malaysia as NatWest has branch there , I have a citizen 's UK and working in Malaysia , the loan agreement with me and Nat west Isle of Man , and things did not happen with Natwest Malyasia , all my documents in bank fraud is not original .
Not paying back on payday loans. What will happen?0Edmonda2012-11-04 14:31:51
Lost job and no money
What will happen if I stop paying my secured debt?1The One2012-11-02 15:38:02
In 2008 I bought a 07 yamaha R6 funded by HSBC at a high interest rate . The loan is secured by the bike . My payments are too high .

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