there are PRIMARY liens and SECONDARY liens. Like first come-first served, goes by DATE of lien. READ YOUR CONTRACT. You were NOT as slick as you thot you were.
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Related Questions
Can title loan company repossess your car in another state?
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
Can my car be repossessed if I own it?
If there are no liens against your vehicle, there is nobody who has (or to have) ground to repossess it.
Can the company keep your license plate after they repossess your vehicle?
Only if the tags stay with the car in that state.
Can a finance company change your registration when trying to repossess your car?
Is it legal to? NoIs it possible to? NoThe finance company does not have possession of the vehicle so can do nothing with the paperwork on that vehicle until the do secure possess of it.
What are the state laws for repossession in the state of Oklahoma?
In Oklahoma, a loan company can repossess a vehicle when it is just 1 payment behind. These companies can also repossess a vehicle at any time of the day or night as long as they do not breach the peace.
In Florida is it legal for a company to repossess your vehicle if that is your only means of transportation to and from work?
YES,its legal in every state.
You can't pay for the car but the company won't come get it?
The bank that you have the loan with hires repo men to repossess the vehicle
If you live in the state of Georgia and there is a lien against your vehicle but no money is owed can they repossess the vehicle?
A lien means that money is owed on your vehicle. If there is no more money owed, then there is no longer a lien, and the vehicle cannot be repossessed.
In Maryland can a finance company repossess a vehicle that is 38 days in default?
Yes, the lender can recover the vehicle any time after the lending contract becomes in default.
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
How do you repossess a vehicle in Texas if you are an individual lienholder?
The same way a loan company does, HIRE a REAL repo agency to do the job.
Who can repossess your car?
An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.
Can a company repossess your vehicle if your payments are up to date?
Not legally, but if you bought the car from Barney's backyard sales & mower repair, maybe.
When can the creditors repossess your vehicle?
When you don't pay for it.
Can a title loan company repo a car that wasnot on the title loan agrement for nonpayment?
They can only repossess the vehicle which was on the loan agreement. Taking any other vehicle is theft.
Can a finance company repossess a vehicle in Louisiana when the loan originated in tewas?
Yes. Lenders repossess vehicles in states other than the one they are located in on a regular basis. No prior notice, replevin order or license is needed for a repo agent to take possession of the vehicle.
What are the North Carolina vehicle repossession laws?
When a debtor is behind on payments, NC law allows the lender to take possession of, or "repossess" the vehicle. A repo company on behalf of the lender can take the vehicle at anytime, anywhere that the vehicle is found and accessible. If the vehicle is in a locked fence or garage then the repo company cannot force entry to get to the vehicle.
What do you need to do to legally repossess a vehicle in Texas?
need approval from hair vehicle
How long does a creditor have until they repossess a vehicle?
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
What is the average price a bank pays a recovery company for the repossession of a vehicle in the state of Mississippi?
The average price a bank pays to repossess a vehicle is anywhere from 200.00 to 400.00. The actual price will vary depending on the company and location of the car.
Can you misrepresent yourself to repossess someones car?
No, it is illegal to impersonate someone else in order to repossess a vehicle or another asset. For example: You can't tell the R/O of the vehicle that you're from the dealership and are going to detail the car on their behalf as part of a customer loyalty reward.
Do you need a license to repossess a vehicle in California?
Yes.
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
When repo man hits another car when repossesion a vehicle?
when repo man repossess the car and was in an accident before you can get it back, what happens
Do you have to have insurance to repossess a vehicle in South Carolina?
No, you dont even need keys to repossess a car in South Carolina
