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Can the finance company report a repossession to the credit bureaus if the fees were paid and the car returned after five days?

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2015-07-15 18:29:40
2015-07-15 18:29:40

""Car was reposssess."" You answered your own question.

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Related Questions


Yes when a leasing company regains control of an asset it is still considered a Repossession repossession is much easier in a lease agreement than it is in a finance agreement due to the fact that the asset is owned by the leasing company, in a finance agreement you control ownership and the bank only holds security in the asset.

They aint going to....They try to scare you with that, as long as they have there property there good!!

Yes, a finance company may use lojack to locate and recover your car. They may also use repossession experts to pick it up as well.

Yes, they can. The car, while the finance company holds a lien on it, is the property of the finance company. As the person who damaged the car and brought it in to be repaired, responsibility for the bill falls on you.

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If it drives, take it to the finance company and hand them the keys.

Your best bet would be to pay your payments to stop the repo and make contact with your finance company.

My company doe's home improvements.Need a finance company to finance

It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).

Yes, Almost every Auto finance contract requires the buyer to carry Full coverage auto insurance for the term of the finance note. Failure to company with the terms of the finance contract you signed is a default on the part of the buyer and subjects the vehicle to repossession and other remedies at the disposal of the finance company.

In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.

If guess you mean "refinance" when you say "reprocess", the answer is repossession. Loans in DEFAULT are subject to repossession of the collateral and payment of the balance owed by voluntary or legal means.

There are several reasons on why a finance company will not finance someone. the main reason is a repossession after a bankruptcy. Another main reason is the "lender" sees that you are about to file bankruptcy or they find out you are about to. It is very hard to finance based on cost and mobility. Sometime a mortgage is easier to get because you cannot move a house to the opposite coast overnight. Those are just a few reasons on why a finance company might not finance you.

I believe they can, when the trailer is sold and whatever in it they give you a bill for the balance of the loan

Can not garnish in Texas or Penselvaina Can in other states

If you know who there finance company is you can call them directly. Or you can call the repo comapany. Some finance companies and repo companies actually give a reward for contacting them and telling them where it is.

No, it's 100% legal. That finance company is the lienholder. What that means is that, until you've paid that vehicle off and have acquired the title, the lienholder is the rightful owner of that vehicle, and has every right to reclaim their property when the conditions of the contract are not met by the lessee.

Any information you give the lender or the lender obtains in the attempts to recover the vehicle by repossession is legal to use for that purpose.

The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.

Perhaps your loan has been paid in full. Otherwise, call them and ask why they returned your payments.

Actually a company can reposses your vehicle without notice. When the terms of a finance contract is broken the company has all rightd at that time. They are under no obligation to notify you.


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