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Will the bank repossess my car?
Posted: 2020-03-25 13:22:13
Edited: 2020-03-25 13:24:05
Edited: 2020-03-25 13:24:05
If I skip payments in this time, will the bank take my car?
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Re: Will the bank repossess my car?
Posted: 2020-03-25 13:25:04
I do talk under correction.
I have been told that if your account is currently in good standing, that they will give a payment "holiday". Exactly how it will work is dependend on the bank.
I have been told that if your account is currently in good standing, that they will give a payment "holiday". Exactly how it will work is dependend on the bank.
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Re: Will the bank repossess my car?
Posted: 2020-03-25 13:26:00
phone your bank without delay and make arrangements.
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Re: Will the bank repossess my car?
Posted: 2020-03-25 13:26:39
It is right payment holidays are available..but u need to make arrangements and not just hope it is not gonna happen
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Re: Will the bank repossess my car?
Posted: 2020-03-25 13:38:57
I was just wandering what payslips you presented to the bank while you were applying for the loan?
On 2020-03-25 13:22:13 Lady Alexa said:
If I skip payments in this time, will the bank take my car?
I was just wandering what payslips you presented to the bank while you were applying for the loan?
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Re: Will the bank repossess my car?
Posted: 2020-03-25 13:39:39
Payment holidays are not automatically granted however I am sure the bank will be understanding, just phone then post haste.
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Re: Will the bank repossess my car?
Posted: 2020-03-25 13:49:25
Hey sexy. Just speak with your banker. I know in some countries, their government has enacted urgent pieces of legislation to defer the payments of housing loans repayments,.
On 2020-03-25 13:22:13 Lady Alexa said:
If I skip payments in this time, will the bank take my car?
Hey sexy. Just speak with your banker. I know in some countries, their government has enacted urgent pieces of legislation to defer the payments of housing loans repayments,.
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Re: Will the bank repossess my car?
Posted: 2020-03-25 13:54:40
Thank you all for responding. I will call the bank asap.
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Re: Will the bank repossess my car?
Posted: 2020-03-25 14:35:42
I believe all the major banks are announcing plans to help over the coming days. From what I heard is that the interest will accrue but there will be a few months of payment holiday.
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Re: Will the bank repossess my car?
Posted: 2020-03-25 14:44:14
The bank will only repossess your car after 3 months of default payments
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