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Your car was repossessed when it was two days late Is this legal The dealer is trying to say you owe a late payment charge from the month before and this is the reason for the repossession?
Wiki User
∙ 19y ago
Well??? DO you owe a late charge from the month before? IF NOT, call a local attorney ASAP for state/case specific advice. Very Simple. Tote-a-note car dealers make GOOD money by repoing cars ASAP when late.
Wiki User
∙ 19y ago
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Can a bank do a repossession and charge off on your car and also demand payment of balance after selling the repossessed car?
YES, its an accounting thing. READ your contract.
Can a lender charge you repossession fees if the car doesn't leave your driveway?
If it didn't leave your driveway, then it wasn't repossessed.
Can a car be repossessed when another car is parked behind it?
Yes, a car can be repossessed even if another car is in front of it. The person in charge of repossession the vehicle can call the police to help them get the car.
In Arizona if your vehicle is repossessed and your get the vehicle back is it illegal for the repossession agent to charge a fee before they will return your licence plate?
In the State of Arizona, the license plate belongs to the debtor. They cannot charge you for your plate but they can charge you for inventory and storage of your personal property (which, incidently, includes your plate).
Are the repossession agent allowed to charge a storage fee and and a repossession fee in the state of Arizona?
If my vehicle was repossessed at 8:00 pm and I paid the lien holder the full amount to pay off the loan. Can the towing company charge two days of storage when I picked up my vehicle at 1:00 pm the following day?
Can a lender in Calif charge a fee to cancel a car repossesion which never was repossessed due to a payment received 3 days late?
No this is a bogus fee.Don't pay it ask for a reciept for what they are trying to charge you for.
Are the Lender of a repossession allowed to charge a storage fee and a repossession fee in the state of California?
In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.
Can you charge a repossession fee for a vehicle that was voluntarily turned in?
mine was charged, i left the junker at the car dealership and when i finally got sick of paying for a car i hadn't touched for months, they repossessed something they had possession of.
Is it legal in the state of New York to be charged a fee to collect your personal belongings from a repossessed vehicle you don't plan to get back?
Yes. It is your personal property. It is taking up space on the property of the repossession agency. They may charge you for using that space.
How does car repossesion affect credit score?
A repossession can drastically hurt your credit score. The repossessed account may report late payments (30, 60, 90 days late), a pad due balance, and a charge-off. A repossession can lower your credit score anywhere from 30 to 200 points depending on the other accounts reporting on your credit report.
Can you charge a clean out fee on a repossessed car?
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If you have a repossession on your car how can you get a car loan?
You can get a car loan, but will have to put down a very hefty down payment - sometimes as much as 50% of the value of the car. Small finance companies are more likely to help you out with that, but will charge you the maximum allowable finance charge (usually 29%).
