Call a local attorney for state specific advice on the SOL.
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
Yes, if they obtained a judgment in the processes. No employer will release wages to a third party without a valid order of garnishment however.
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
Yes.
in the process of repossession?
Your wages can be garnished for an auto repossession if there is a court order. All wage garnishment's must be obtained from the county court of your residence.
If your asking if your auto insurance provides protection from repossession for non payment of you car note. No, there is no such thing.Your auto insurance provides coverage for accidental injuries and or damages, it does not cover your car notes.AnswerI don't know what repossession insurance is. I know about life insurance, but I've never heard that term. Please re-post your question if this doesn't help!
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
yes,you may be catched by cops.
i = installment loan. 8 = repossession. i8 = repossession of an installment loan (like an auto loan).
new purchase not in repossession
Texas, Oregon, Washington and others.