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Can you file a civil suit against your customer who has not paid for a vehicle and is in repossession status?
Wiki User
∙ 14y ago
yes
Wiki User
∙ 14y ago
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Can you still register a vehicle when it is in repossession status?
not possible. sorry
How late can a vehicle payment be in Virginia before repossession?
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
What is the legal procedure a small independent car dealer needs to take to reposssess your car?
The lender regardless of status (corporation, bank, "buy here, pay here" private seller, etc simply needs to hold a valid lien against the vehicle and have the vehicle recovered by a licensed repossession agency. A few states require the borrower to be notified before a repossession is possible, in most states a vehicle can be recovered as soon as the contract is defaulted upon. Wisconsin is the only state that requires a lender to obtain a replevin order from the court before seizing a vehicle.
Can a repo service come into your job and confront you and question the where abouts of the vehicle?
Yes. Under the self-help repossession laws a repossession agent can contact you at work and request the location of the vehicle. If, however, you request in writing of the repossession agency that you no longer be contacted at work, the agency is required by the Graham-Leach-Bliley Act, and the FFDCPA to cease all contact with you at your place of employment, unless they have no other means of contacting you, and then only to notify you of changes in the status of the recovery of the vehicle or the account.
What does pre-repo status mean?
Basically, it means last chance to pay before repossession takes place. The procedure for repossession is in progress.
How will a repossession affect your credit report?
A repossession is a significant derogatory mark against your credit. The account appear with a similar status as any collection or charge off account. In repossession, the collateral is often re-sold with the amount received being applied against any remaining amount owing on your loan. If the collateral is sold for less than what you owed, the amount left over, called a "deficiency balance" is still your debt. The creditor can actively collect on this, report it on your credit report and sue you to recover the amount.
What are the NC Mobile home repossession laws?
You can claim EIC if you have the filing status 'married filed separately'.
What is the job description of a bill collector?
Locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer's account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; keeping records of collection and status of accounts.
What does vehicle status unlicensed mean?
It means it has no tax
What is A MIL Command Status for motor vehicle?
MIL stands for Maintenance Indication Light. If your vehicle fails inspection due to MIL Command Status, it is due to emission failure.
How do you find out if a car in your shop is in repossession status?
If a repossessor comes in with paperwork showing an order to repossess, you should be able to call the listed creditor and verify it.
