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can my vehicle be repossed?

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Guest	Posted: Wed Sep 30, 2009 4:03 pm    Post subject: can my vehicle be repossed? Like 0 Dislike 0 If we used a home equity loan to pay off our vehicle and cant keep home, can the vehicle be repossesed?
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Wed Sep 30, 2009 8:10 pm    Post subject: Like 0 Dislike 0 Hi Guest, As far as I know, the lender would charge off your home equity loan to collections if you are unable to pay the dues. The collection agency will then collect the dues from you. It would be a better option to inform the lender about your financial situation. May be the lender would help you with a repayment plan so that you can pay off the dues. _________________ Procrastination is the enemy of your financial success
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Wed Sep 30, 2009 8:16 pm    Post subject: Like 0 Dislike 0 your car is safe. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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