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Are there any loan companies that will help you buy your repo back?
Wiki User
∙ 8y ago
IF you have collateral for security, YES. Not likely to happen.
Wiki User
∙ 8y ago
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What are repo people allowed to do in California?
Take cars for the loan companies.
What does repo mean?
of course he can, if he's tough enough.It's short for "Repossess". Loan companies that are not getting their loan payment from the person that borrowed the money hire or pay a fee to "Repo" companies that repossess such vehicles, ie. also boats, RV's, motorcycles, tractors trucks etc.
If you cosigned on a car loan and the car got repoed can you get the car back if you pay the loan off?
Yes, You are still considered a signer of the note. You will have to pay repo costs and any other charges that may have occurred, but you have every right to get vehicle back. talk to your bank where the loan was processed and they should help.
Can you get your car back after repoed on chapter 13 in Texas?
Generally, the answer is yes. If you contact the finance company, pay the outstanding payments and cover the repo and storage fees, they will be more than happy to let you continue paying your loan. Finance companies would rather you pay your loan as agreed than have to repo your car, auction it, and come after you for the difference on the note.
Five years later do you have to pay back the loan on a car repo?
yes this goes on your history report
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
Do repo men use gps to find a car?
Yes! A repo man stole into my locked backyard to install a GPS system when I did not pay on a TITLE LOAN. I noticed him following me over the next two weeks. The repo man stole back into my yard to remove the GPS after two weeks with no repo success. I settled with the CASH STORE for the original loan amount no interest.
How hard would it be for a person to get a car back after a repossession?
1st repo?? Pay the arrears and repo fees, have ins. coverage 2nd repo??? Most likely have to payoff the loan unless the lender is in a really good mood. Read your contract
If your son bought an ATV and you cosigned for him and then filed bankruptcy and your son is behind on payments can the repo man come to your home every 48 hours after you told him your son moved out?
As cosigner on the loan you are equally responsible for for payment on the loan. If the lender has hired a repo company to take back the ATV for non payment, then the repo company is going to do everything possible to get it. That includes the frequent visits to your home in an effort to locate the ATV. If you want the repo man off your back, tell him where to find what he is looking for....or contact the lender and bring the loan payments current immediately.
If your loan is current and you turn the vehicle back in to the lender can it still be reported as a repo?
YES! A repo is a repo. If you turn the vehicle in to the lender and stop making payments this is called a voluntary repossession. The lender will sell the car and you will be responsible for the difference in what the car sells for and the balance on the loan. It will be reported to all 3 credit bureaus as a default on a loan, and your credit will be ruined for 7 years. You would however save to repo fees such as towing. Do not do this. Call the lender and work something out if possible.
My car loan is in default due to nonpayment how do I get it out of default and keep my car?
pay your bill Paid 3 months back current payment due and bank has issued repo Who can help until can get caught up
Can a car be reposessed if nothing is stated in the sales contract about defaults on a repo?
You may be confused. A repo is an act pursuant to a secured loan, wherein the vehicle is security for the loan. There is no need to use the word "repossession." A repo is only one remedy available to a lender on a secured loan.
