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Can the bank repossess a car without physically having the car?


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Wiki User
2015-07-15 20:48:07
2015-07-15 20:48:07

My car was stolen by an ex, Did you REPORT it stolen?

who phoned an insurance agent about cancelling policy on the stolen car WHOs name was the policy in?? I cant cancel YOUR ins. but I can mine.So, this whole mess was supposed to be in litigation with the insurance co included. that's one issue in itselfI have been charged with a reposession due to default. I refused to pay a car payment each month for something that was not tangible. ***THIS is another issue between YOU and the LENDER.The insurance agent illegally uninsured my car and refused to estimate it. YES if you didnt pat the payments, you were in DEFAULT of the loan. So, undoubtedly YOU had the loan, who had the ins.?? That problem should help settle the repo problemAm I liable for this repossesion?


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Yes they can repossess everything that you got a loan for.

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As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.

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In general, if you are trying to get money from a credit card, no, you will not be able to do so at your bank without having the card present.

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If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.

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it is up to the bank to decide. Legally, as little as 1 cent.

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