Can a finance company repo your car after 7 months of non payment?
In many states it only has to be 30 days late. 7 mos. is more than time req'd in any.
If your car was repossessed for a payment that the finance company forgot to record are you still responsible for the repo fee?
(A): "Can you sue the repo man if he takes your truck after you filed bankruptcy?" (B): The answer is "No". The truck is the property of the dealer, or finance company, until your final payment to them is made, and the receiver in bankruptcy may not seize property of which title belongs to a second party (dealer or finance company). Chris
In California does a finance company have the right to repo a car from a police impound when payments are not behind?
No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the…
Your vehicle was repossessed and the finance company charged you ''storage'' fee on the invoice to get your vehicle back can the repo agent still charge for storage?
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance…
You told your finance company that you can make the payment in 5 days but they will not work with you Is there anything you can do because they are telling you they are going to pick up the car tonig?
NO, sorry. If the company will not work with you there are no other options but to release the car to them. Another Option Hide the car until you have the payment and you are square with the finance company. They can't take what they can't find. If you can't hide the car, remove the coil wire when you park it. It may not stop the repo man, but it will slow him down.
Is it legal for a company to repo a boat for payment failure after a banrupcy reafrimation if the finance company refuses your payments and sends them back a month after they received the on time paym?
Lenders will demand payment in full after default after so many days. The amount of time varies depending upon the lender. After such time they will typically repo regardless if you send in the installment. See http://www.boatauctionsinfo.com/bank-repo-boats.html for more details about lender repo's. Lenders will demand payment in full after default after so many days. The amount of time varies depending upon the lender. After such time they will typically repo regardless if you send…
If someone drops their name from a car loan and it has been paid for over 1 year can the financing company repo it?
In Georgia can a car be repossessed if the borrower paid a lump sum to cover arrearages and wants to keep the car and make timely payments but the lender wants the car returned?
In Georgia, Has an "endangerment of security" if at any time the finance company fells that there security is in danger they can repo you car. A finance company can repo you car at any time even if you are current if they fell that there security is endanger. Example of Endangerment I have repo for: 1. Past Due Payments 2. You move and don't notify Finance Company 3. Cancelled insurance 4. Threats of destroying…
Can a car dealer repo your car if 720 towards the down payment is owed yet chase auto finance has financed it?
How long after a repo does the finance company have to let you know the location of your vehicle and remedy to recover?
A finance company has contacted you to say the motorcycle you bought 2 years ago has outstanding finance can they make you pay or could they take your bike?
FIRST OFF,ALWAYS CHECK FOR LEINS OUTSTANDING ON ANY MOTOR VEHICLE.YES THE COMPANY CAN MAKE YOU PAY THE OUTSTANDING LOAN,IF IT IS WITHIN THE STATUE OF LIMITATIONS.THEY CAN ALSO REPO THE BIKE.THEY MUST HAVE THE DOCUMENTATION AND IT MUST HAVE BEEN REGISTERED.THE SOLUTION?PAY SMALL TOKEN PAYMENTS ON THE LOAN.IF A PAYMENT OF SAY,$15.00 IS RECIEVED AND THE COMPANY CANNOT REPO.MAKE SHURE THAT A PAYMENT IS MADE AT LEAST EVERY 90 DAYS.THE FINANCE COMPANY CAN THREATEN YOU…
When your car is repossessed will the finance company generally allow you to make payment arrangements on the deficiency or demand payment in full?
make payment arrangements on the deficiency???? IF you mean the amount you're in DEFAULT on, NO If you mean the amount due AFTER they sell it, USUALLY NOT. Why?? You couldn't pay notes on a car you could drive, so why would they think you will pay on a car you DONT HAVE??? NO lender WANTS to repo a car, they just want the money. So when they have to repo a car, they will…
Is it legal for the finance company to call everyone in your family and your friends asking for you and for your car payment if you are late on it and they cant get ahold of you?
If the repo company called on Saturday and you have the moeny to pay off your car but can't contact the repo man or your lender until Monday can they still take your car?
Yes, until you actually make the payment and the lender contacts the repo company and cancels the repo, we will still take your car. Unfortunately for you, one of the excuses that the repo man hears the most is "I have the money and I'm planning on making my payment tomorrow." If we let everyone keep their vehicle that told us that, we'd never make any money. This is not saying that you weren't going…