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What is a repo? Repossession occurs when a contract is in default and the lender takes possession of the secured collateral.IF your situation doesnt fit that description, call an attorney NOW.
Roosta, yes I meant "repo" to mean repossession. The lender had my car for 3 days. I paid what I owed to get my car back and paid for 1 1/2 years. I still own the car. It has been paid in full for 2 years. But when I made the last payment in Dec of 2001, they list it as a repossession. But the so called repossession happened in Feb or 2000. Like I said they had my car for 3 days. I didn't realize they had it listed as a repossession until recently when I tried to get some credit for a new car. I have filed a dispute with each credit reporting agency, but I have to wonder if they will take if off.
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How do you get your car back from a repo when you are only 3 days late?
You pay the LENDER what you are behind and the repo fee and go get it.
Can a car dealer repo your car if you are only 6 days late?
Read the contract you signed. Does it include a GRACE period? If so, were you past that also? Does your state require Lenders to send a "right to Cure" letter before they repo? In states that do NOT require the "right to cure" notice, 6 days means they couldn't find the car for 3 days.
Can someone repossess your car if the payment is 3 days late and it is not stated anywhere in the contract and you do have insurance and all other payments are made?
payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.
How long does it take a repo man to repo a car in nebraska?
i think its about 3 0r 4 months then they will call and ask you where can they pick up the car
What are the release dates for The White Shadow - 1978 Car Repo 3-11?
The White Shadow - 1978 Car Repo 3-11 was released on: USA: 16 February 1981
If you live in Georgia can they repossess your car if you were less than 30 days late?
YES, anytime you are in DEFAULT, the lender can repo. Tote-a -note lots are famous for 3 days late repos.
Can your car be repossessed if you have no other vehicle and are less than a month behind?
YES. Read your contract. Does it say the lender cant repo IF you have no other vehicle? I think not. Less than a month behind??? Some lenders will repo when you get 3 days late. Any time you are in DEFAULT of the loan, the lender CAN repo. They may not, but they can.
Will your car get repo out of town?
Yes and you will face up to 3 to 5 years for hiding it
If you pay half of your payment at the beginning of the month and pay the other half at the end of the month can they still repo your car?
Depending on the lender, but usually they wont Repo a car unless you are 3 months delinquent.
What is against the law in a repo?
WE ACTUALLY HAVE A REPO T.V. SHOW. IF YOUR GATE IS LOCKED THEY CAN'T ENTER. IF YOU GET IN THE CAR THE CAN'T TAKE THE CAR, THAT'S KIDNAPPING (BEING MOVED 3 FEET BEYOND YOU WILL). THEY CAN CALL THE POLICE. YES THE POLICE WILL BE ON THE SCENE WHILE THE REPO MAN DO HIS JOB.
How long will a finance company still try to repo a car. I moved 3 years ago and they coulcn't find it. Will they still try to repo it 3 years later or would it be a judgment against me for money?
The lien is still valid, so yes, they can repo it.
Can a car dealership or repo have your driver license suspended for 3 months of non payment?
No, they cannot.
