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    purple_roses's Avatar
    purple_roses Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 15, 2009, 11:13 AM
    Loan defaulters
    What happens if you do not pay you car loan for more then three months, due to a financial reason, does the bank have the authority to pick up your car, even though you have paid for more then 2 years.
    Cedarln2265's Avatar
    Cedarln2265 Posts: 193, Reputation: 1
    Junior Member
    		  
    #2

    Sep 15, 2009, 11:20 AM

    It's called repossesion. Have you tried talking to the bank about renegotiating the loan?
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