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Can the bank charge you for a repo fee if your car was never taken?
Wiki User
∙ 8y ago
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.
Wiki User
∙ 8y ago
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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
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.
What is a bank repo rate?
The Repo rate is the rate at which the central bank lends loans to its member banks.
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.
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.
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.
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.
Can the repo man charge for personal items?
no
