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Yes, repo people don't work for the bank, but they get their rewards from the collections agency (or bank) so they will work at any time or day.
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∙ 18y ago
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When is a car repossesed?
When the person misses too many payments.
Isn't there a law stating that the company must sell the repossessed car within a reasonable distance in case the owner wanted to get the car back and is 6 hours away from the original place a bit far?
No. A legally repossesed car is the property of the bank. The bank can sell the car in any manner and wherever it chooses.
Can they do Repossession on your locked property?
can my car be repossesed from my locked back yard
Can you drive a repossesed car?
Might be hard with the tow truck attached
How do you know if you car is going to be repossesed?
The best indicator is that you still owe on the car, and you have stopped making payments.
What will happen if you are late with car payments?
If you are late, depending on who you owe, you can get taken to a collection agency, charged fines and/or have your car repossesed. I actually know two people who couldn't do the payments, it may have been for a couple of months, and their cars were repossesed.
If your car is repossesed what happens?
they take the car and sell it at an auction then send you a bill for the difference between what they sold the car for and how much you still owed on it.
If my car is repossesed can they take your home?
no they can't they can only put a judgment against you for what you owed left on it
Can a car be reported stolen for non-payment?
Only if someone stole it from the owner. Otherwise the car is just repossesed by the finance company.
What is the difference between bank holiday and Easter holiday?
A bank holiday isn't celebrating Easter and and Easter holiday is.
Is barclays bank open on bank holiday?
No it is not no banks are open that is why it is called a BANK HOLIDAY
Can your car be repossesed with interlock?
Yes. Repossessors have been dealing with these things for a long time, and they know how to deal with them.
