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turning over the title is NOT the only way to record a lien on your car. IF the lender did it correctly, YES, it can be repoed.

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13y ago

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Does the DMV get notified of a reposession if they have not found the car yet?

No. Only when the vehicle is repossessed and always once the licence plates are turned in.


What if the lender can not find any information on repossession that is on your credit report?

It might not have been turned in. If not, consider yourself fortunate.


Does a lender who repossessed your car have rights to your new car?

Not directly as a named lienholder would, but it depends on many things - mainly if the repossession reaped enough money to pay off the prior debt (which would include all late fees, interest, costs of collection, etc.). If not, the amount you would still owe may be turned into a claim or lien against other things you own, or wages you earn, to get full recovery.


Unable to gain sufficient financial support from his compositions Berlioz turned to?

Music Journalism


If you cannot pay loan on RV should you voluntarily turn the RV in to the lien holderor let the RV be repossessed?

It would look better on your record (For future loans) if you turned in the RV voluntarily.


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.


Can you go to college with a felony drug charge?

Not Likely as you will probably be turned down for financial aid as well.


When your car gets repossessed do you get your belongings that are in your car and what does it do to your credit?

Jen, you SHOULD get your PP back. NOT giving it back is illegal and called 'conversion". There may be a fee for inventory and storage, but you get it back. Call the LENDER and tell them your problem. They are ultimately responsible for anything that involves a repo. Note: as a rule of thumb, you get back anything that would fall out if the car were turned upside down. That doesnt include things that are attached(wheels,tires,radios,TVs,playstations, funny little lights all over the car,ect)


Can I be arrested for avoiding a repo?

In many states, yes. This is called hindering a linder in the recovery of collateral. In some states such as California, it is a felony, while in others it is a misdemeanor. In the event the lender obtains an order called a replevin against you, if you attempt to avoid the repossession, you will be arrested for contempt of court and the vehicle will be impounded and turned over to the lender any way.


What is computer based financial information systems?

A computer based financial information system, is a system used to show the profits, taxes, wages and expenditures of a organization. It is usally on Microsoft Excel and can be turned into graphs and charts.


Any good loan companies out there for people with bad credit?

The bad credit loans are being made for the welfare of those people for whom getting financial assistance in many times is difficult. Such borrowers are known as the bad credit holders who are either turned down or are charged higher interest rates by the lender. Thus, there is no end to difficulties and hurdles in their way to get money. In that case, these loans act as a helping hand for such borrowers.


Can a creditor seize your checking account on a secure loan if the property has been stolen?

There are situations where this is possible. The one that stands out is this: Your car was stolen. You stopped making payments on it thinking, "I don't have it anymore, so I don't need to pay for it." You turned in the report to the insurance company and they paid out, but you did not pay the lender off. Or, you did not have insurance or failed to turn in the claim, so received no money. In the mean time, the lender puts the vehicle up for repossession because you have defaulted. When you are contacted you tell the lender or repo agency the car was stolen, and continue thinking it is not your problem. The lender does not really want the car, they want the money you contracted to pay, so they sue you. You continue to refuse to pay, so the lender attaches your checking account. Yes, they can do this.