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Can you sue for wrongful repossession of a vehicle when loan was paid in full over a month and a half ago?
Wiki User
∙ 9y ago
Yes, if you have proof that your lender received your payment before your vehicle was repossessed. If you have this proof, you can sue them and get your car back and not be charged for any fees.
Wiki User
∙ 9y ago
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If full payment is demanded to prevent repo can this be resolved?
Yes, buy submitting payment in full, or voluntarily surrendering the vehicle. Failure to do either will result in the involuntary repossession of the vehicle. The later will more severely affect your credit rating.
How do you stop a repossession in process?
Pay the past due amount on the loan or pay the loan in full. In the event you are able to do this, it is a good idea to have the lender contact the repossession agency to cancel the repossession while you remain on hold. If you fail to do this, it could take several hours for them to notify the repossession agency, and your vehicle could still be taken.
In Georgia Can a repossession company remove your car from your locked garage if the car was a gift and not in your name?
A repossession agency cannot enter a garage locked or otherwise to recover a vehicle unless the agent has a replevin (court) order to seize the vehicle. Additionally, a vehicle cannot be gifted in the usual sense, to another person unless there is a clear title, meaning the vehicle has been paid for in full and there are no lien holders. If the title is not in the person's name who has the vehicle, they do not own the vehicle.
What is the meaning of WRONGFUL without searching on the web?
Wrongful means literally to be full of wrong. When used as an adverb wrongful helps to describe the verb or state of being in any sentences structure.
Are the repossession agent allowed to charge a storage fee and and a repossession fee in the state of Arizona?
If my vehicle was repossessed at 8:00 pm and I paid the lien holder the full amount to pay off the loan. Can the towing company charge two days of storage when I picked up my vehicle at 1:00 pm the following day?
Is it legal for the buyer to be charged the full price of their repossessed vehicle?
When a vehicle is repossessed it is sold at a public auction for the fair market value (or as close to such as is possible). The borrower/debtor is responsible for any deficit in the amount between what the vehicle is sold for and the remaining balance of the loan contract plus additional fees such as cost of the repossession action. So, in that context, the person is responsible for the "full price" of the vehicle.
How Do you find out for free if your repossessed vehicle a month ago has been sold and for how much?
You really don't. Bt you can make an estimate. Take the amount owed on your loan at the time of repossession. Once the car is sold, the lien holder will contact you. See, they're not likely to get the full amount owed by you at the auction, so there'll be a remaining balance. They're going to expect you to pay that back still. They'll tell you what that amount is. So you subtract that amount + repossession and storage fees from the balance you had prior to the repossession, and you'll get a rough idea of what it was sold for at auction.
Can a repossession man call the sheriff in Missouri to help get a car?
Absolutely and most times, if the repossessor has a written assignment from the lienholder to repo the vehicle, the police will allow the repossessor to take the vehicle. Remember, if you have an unpaid loan on your car, it isn't yours until it's paid in full.
What can you do if you didn't take out a title loan your identity was stolen and somebody took out a loan on your car and it was repossessed?
Not denying your claim, but that would be difficult, nearly impossible to do successfully. Why: to take out a title lone, you need the title. To get a title you do not have, you need at least two forms of ID (not impossible to obtain) and the vehicle registration (again, not impossible, but more difficult). Then you will need to apply for a replacement title, pay the fee (as low as $25 to as high as $100). And then take the title, the registration, and that ID you got to the title loan office and apply for the loan.Now I've said all this so I can say this: the average amount of a title loan is about $500. The maximum I've heard of is $1,000 to $4,000, with the majority topping out at $1,000.My point is, it is not likely that anyone is going to pay a couple hundred dollars to make back only about the same amount.What is more likely to have happened if you took out no title loan is that your vehicle was mistakenly or wrongfully repossessed. It happens.Contact the repossession company and notify them that your vehicle was wrongfully repossessed. Let them know you are in contact with the creditor. Then call the creditor and inform them of the wrongful repossession, and request a full reconciliation (full accounting) of the debt. Let them know that you are following up your request in writing to make it official, and to give them some lead time to prevent the wrongful sale of your vehicle. Then follow up the call by writing the title company a letter requesting a reconciliation of the debt and the return of your vehicle. Send this letter, registered restricted delivery so that you receive a signature card showing it was received. If for any reason either or both the repossession and title companies fail to cooperates with you, report the vehicle stolen and give the police all of the information you have on who took it, when, and where it is.
Can a person with a repossession purchase another vehicle?
Yes. However, please note: 1. If the creditor who repossessed your old vehicle sued you and obtained a judgment against you, you would have to pay the judgment in full before buying another car. Otherwise, the judgment could be attached to you new car, and it too would be repossessed. 2. After a repossession, you may find it hard to get financing for a vehicle. If you need financing, check with your local bank or lenders who specialize in giving loans to borrowers with less than perfect credit.
What is full form of repo?
Remote emergency power off It is also an abbreviation of repossession.
What month is it when its a full moon?
There is a full moon every month of the year - on rare occasion, two full moons in the same month.
