Yes, they can. Ultimately they have to PERFORM WORK to gather, label, secure, and keep safe your belongings. They can charge you for this because they were forced to perform work. The law allows them to be compensated for it.
In most cases, a repossession can keep personal belongs for non payment. The company, however, must release them once payment is made.
Yes
The LENDER is responsible for every detail of a repossession. They may pass the costs of repair on to the repo company.
They aint going to....They try to scare you with that, as long as they have there property there good!!
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.
In most cases, a repossession can keep personal belongs for non payment. The company, however, must release them once payment is made.
They don't charge you to get your personal belongings back... they charge you a "storage fee" for the time they stored your personal belongings. And yes, they can do that.
Repossession companies must give you the opportunity to recover your personal belongings. That being said, they need not do so at the time of repossession. If they store your property for any length of time, the may charge a storage fee. They are not required to hold your property indefinitely either. If you make no attempt to recover you belongings, the repossession company will dispose of it after 30-45 days.
The repossession company is not responsible for returning belongings. The repossession company is responsible for notifying you where you can pick up your belongings and at what times. Some companies charge you a storage fee or only give you a few weeks to pick up your belongings before they become theirs.
Yes
From experience, yes, you do have the right to get your belongings out of the car. You must first contact the repossession company and find out where they are holding your car. Second, you must bring a photo ID and in most cases, money for a fee that they charge. Third, they will have you sign a paper that you obtained your belongings and send you on your way. You must do this before they auction your car off. If you don't, your things are gone forever!
If the vehicle is not a repossession and is in fact a law enforcement impounded vehicle, in California the answer is, NO. The law in California says "we towing companies" must allow you to pick up your property, however, we are only going to give the property to the legal owner of the vehicle. Therefore, bring them with you, picture ID in hand. No they cannot charge you to get your personal belongings from your car.They can charge a fee if they actually do something like inventory and store your belongings.
AnswerI have recently learned that the Department of Finance regulates collection agencies as well as finance companies. I was emphatically told that in a vehicle repossession, the towing company/repo company cannot, repeat, cannot charge a separate storage fee for your personal belongings. They belong to you. If you are told that they can charge for the goods, the goods, under the credit law means the good that can be repossessed under the loan which is the vehicle or the home, not the personal belongings. Call your local Consumer Protection agency to get help. I know this is the law in Maryland for a fact. It took me 30 days, but I am going to pick up my personal belongings tomorrow and I do not have to pay a storage fee for them. Tammy//This is true but you are not getting charged for your personal property it is for their time to remove it and give it to you. J D Recovery LLC
All repossessions in the state of Wisconsin must have a valid repossession order, however police notification is not necessary. If your vehicle has been recovered by the lienholder, you may not receive the repossession notification immediately.
They cannot hold your personal belongings. They might have a time frame of when they have to get it to you though. When a car is repossessed it is brought to the repo yard and then inventoried for belongings. There are usally several hundred cars at any given moment in a repo yard. All vehicles must be inventoried.
Answering this with common sense, contact the repossession company. You probably got some form of communication telling you your car was being repoed. Try looking at letters and look for contact information. You can also look through your local phone book to see which companies do repossession work in your area. You could also contact your original loan company because usually lienholders have contracts with repossession companies to repo their cars from people should they default on their loans.
The repo company should notify you about your belongings, if not, Contact your bank who will give you the phone number to the repo company who took your car and make an appointment within 30 days.... after 30 days your belongings are trashed