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YES, you were in DEFAULT by NOT having your own coverage. READ the contract. YOU agreed to maintain your OWN comp. coverage tonprotect the collateral. You didnt. This is a common misconception that lender placed ins. is the same as comprehensive coverage by the debtor. Yes but that was a lousy way to do it. Did you honestly expect the lender to let you ride around in the collateral with NO ins.?? If you are sooo broke that you cant afford the ins., you surely cant afford the ticket for NOT HAVING IT. Or can you? Read the question he was already paying for the increase!!!

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โˆ™ 2005-05-14 00:47:01
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Q: Can the lienholder repossess a car if it was only delevered to them to allow them to collect on the forced insurance they took out but you paid for by increased payments?
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Can a dealership repossess your car if they are not the lien holder?

No. The lienholder is the only entity with a right to repossess.


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Can you legally repossess your car with a lien on the title?

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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.


When a bank repossess someones car?

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.


Is there a time limit in which a car can be repossessed?

As long as there is a lien on the vehicle the lienholder has the right to repossess the property


Is it illegal to repossess a vehicle in Texas?

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No. To be able to repossess any of your property, they must hold a lien on it. If they have no lien on it, they have no right to repossess. Their only option is to take you to court.


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