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Can you fight your car repossession in Texas if you paid them late?
Wiki User
∙ 13y ago
If you had a gun and shot the guy not letting you reposse it!
Wiki User
∙ 13y ago
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What happens when car loan is paid off but late charges are due?
THEN THE LOAN IS NOT PAID OFF! All late charges, penalties are added to the principle amount and then the payments continue until all owed monies are paid. Penalties and repossession are still done at this point in the process
How will voluntary repossession of my home in Texas affect my credit?
The effect on your credit will depend on how the lender chooses to report it to the credit bureau. Sometimes a lender will be willing to report it 'paid as agreed' or 'settled' entry on the credit report rather than an actual repossession. If it is reported as an actual repossession or foreclosure it will be on your credit for seven years and negatively effect your rating.
Does a repossession company get paid if car is not repossessed?
Some do, most do not.
What is the yearly salary for a repo man?
Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.
Can credit card company take your car in Ohio?
They can take it anywhere; if you haven't paid you bills on it. After 90 days of late bills they order a repossession. Once they find it, it's legally theirs.
Can the bank or the repossession company charge a fee if the car was never recovered by them and the loan was paid off?
Yes, if the lending agreement was in default and the lender found it necessary to implement collection or repossession action at their expense. The majority of financial contracts contain clauses allowing the lender to charge the borrower additional fees and penalties for, late or missed payments, collection or repossession costs, and so forth.
Is it legal for Bank of America to demand the entire balance of a car loan be paid if the borrower is three payments late?
Yes, its known as an acceleration clause. It was in your contract. That enables the lender to begin the process of repossession.
If you have paid off your loan but you now owe some late fees can the title be held to your car?
If you have unpaid late fees that have accrued, your loan is not paid off. This is why the lender will not release the title. Additionally, if the amount remains unpaid, no matter how small, the lender can put your vehicle up for repossession. It would be sad to lose your car for as little as $100 dollars or less.
Can you file a civil suit against your customer who has not paid for a vehicle and is in repossession status?
yes
If you have a voluntary repossession can they take your home?
NO, they can attach a lien to be paid FIRST if/when the home is sold.
What happens to the car after repossession?
The bank sells your car at an auction lot for about half the price you paid for it.
Repossession of kitchen cabinets?
There are some companies that will repossess kitchen cabinets if they are not paid for. If the cabinets are not paid for then the company can either repossess or take the owner to court.
