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by Beezer on February 12th, 2006

Beezer

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Before my car gets repossessed, can I still catch up on delinquent payments to the bank if I have the money?

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Answers. 3 helpful answers below.

  • by Anonymous on November 14th, 2008

    Anonymous

    I had the same situation a couple months ago. I was 3 months behind. The repo man knocked on my door one night at 9pm. Of course I didn't answerer but if freaked me out. The car was in the garage. I finally received the money to catch up about one week later. I went to Wal-mart and sent the money via Western Union quick collect. After making the payment I called the loan company and they were very happy my loan was now current. They did ask the reason for me being late making the payments. I'm convinced they really don't want the cars back!

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  • by RedJohn on March 9th, 2006

    RedJohn

    Read the contract and talk to the lender. The contract will state what your obligations are and you lender can clarify these and, possibly, come to an arrangement with you for payment. However, this may leave a black mark on your credit rating until the debt is paid in full.

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  • by dontneedtoknow on November 14th, 2008

    dontneedtoknow

    as long as u make some payment big or small u have to contact the bank and set an annual payment plan as long as the papers are not settled on repoing ur car

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