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Bobby, look at your contract. It likely covers what fees they can charge. The repoman charged the bank, the bank charged you. It all went on your account. The repoman had to get paid for coming to your house, right? We dont work for free.

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โˆ™ 2015-07-15 21:22:33
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Q: Can the bank charge you for a repo fee if your car was never taken?
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Related Questions

What is the meaning of reverse repo rate?

repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks


Can a bank do a Charge off on a boat loan then Repo 3 years later?

no they cant only after 2 years


Why has the Repo rate taken precedence over the bank rate as a short term interest rate?

Repo is like a repurchase agreement.The rate at which RBI sells securities to bank. But, bank rate is the rate by which RBI lends money to commercial banks. Annu Prakash


What is a bank repo rate?

The Repo rate is the rate at which the central bank lends loans to its member banks.


Can both the bank and repo man charge retaking storage repair and sales expenses when you bring your payments current and pick up the car?

"both" the bank and repo man?? NOT that I am aware of. retaking, REPO??? usually charged by lender storage, USUALLY charged by repo co. repair (NOT normally done), sales expenses WHAT did who "SELL"??? READ YOUR CONTRACT. It should govern what you pay to whom.


Is there a limit on what the repo man can charge?

No, he can charge what the market will bear.


In Florida is there a limit on the amount of money that a repo company can charge?

In Florida, the repo company charges the lender with the cost to repo the car. However, the repo company can charge no more than $25 for storage of personals found in the auto.


Who determines the interest rate banks charge for loans?

The central bank does not directly determine the rates but the rates that it fixes like the Repo rate, Cash reserve ratio etc have a direct impact on the rates banks charge. When the repo rate is less and CRR is less then banks charge a lesser rate of interest and vice versa.


What is difference between bank rate and repo rate?

In Repo rate there is need of securities submission. In Bank Rate, there is no need of Security submission.


How do you find out who repossessed your car?

The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.


Can a repo person come into your closed garage and get the car?

NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.


You won a car and the lien was never paid off by the company can the bank repo it?

Unfortunately, it doesn't seem as though you really won a car. The lien just means that the bank has interest in the vehicle until the note is paid. Yes, they can repo the car if the not isn't paid.


What is the current repo rate and reverse repo rate and bank rate by RBI in India?

As of October 12, 2010, according to the Reserve Bank of India... repo rate 6.00% reverse repo rate 5.00% overnight call money 6.24%


What is the current repo rate and reverse repo rate in india?

The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..


Can the repo man charge for personal items?

no


What is repo rate?

the repo rate is the rate that the reserve bank lends money to commercial banks


Difference between the repo rate and reverse repo rate?

The reverse repo rate is the rate at which banks park their short-term excess liquidity with the Central Bank, while the repo rate is the rate at which the Central Bank pumps in short-term liquidity into the system.


What is meaning to Repo rate?

it is rate at which the Central Bank (RBI in India)charges for lending money to the commercial bank. And reverse repo is the vise versa of the above


Can a car dealer repo your car if 720 towards the down payment is owed yet chase auto finance has financed it?

A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.


Why reverse repo rate of RBI always less than repo rate?

Because a central bank is more secured place to lend money than any bank... Therefore when RBI lends money to banks i.e Repo is less secured than Any bank parking its funds with RBI.. i.e is Reverse Repo.


What do you mean by reverse repo rates?

# 2 Repo rate is the discounting rate at which central bank borrows security from commercial bank.Repo means repurchase agreement b/w RBI &commercial bank. Reverse repo is the rediscounting rate at which commercial bank borrows discounted security from central bank ie RBI.


How can you find out if a car is in repo?

Call the bank and ask.


Why a bank will repo a car?

Non-payment of loan.


Do you have the right to sue the bank if the repo man opens your garage door with the garage door opener in Texas?

No. The bank didn't do it...... the repo man did. See the problem with your logic?


How many differences between repo rate and reverse repo rate?

Assuming the State Bank of India, the spread between repo rate and reverse repo rate has trended towards 1.00%.