Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.
Yes if you owe for repairs. But you may need to check state to state laws.
Is his name on the title also?
NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make mistakes. LOL
They are sent to an auction and sold.
The vehicle can be repossessed.
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Well, if the title lists no lienholders, it cannot be repossessed. If it lists one, it would be best to surrender it or don't keep anything in it of value. Yes. Even if the lien is not recorded on the title, it hass probably still been filed with the state.
Report it stolen.
Goes on your credit as a repossession.
You can in some US states. You have to look up the state you are in.
If you have a clear title, you car can't be repossessed. Either the title isn't clear or the leinholder believes monies are still owed on the car. If the title is clear, show it to the company authorizing the repossession. If you truly had clear title and there were no leins or other encumberances and a judge didn't declare that the car was to be sold to satisfy OTHER debts, you can sue for damages. If you didn't owe money to the people who had the car repossessed, you should be able to sue them for LOTSA BUCKS, and you definitely should.
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
First of all, if the car was not picked up, it was not repossessed. Second of all, you need to check with the attorney that handled the Chap. 7 BK. The bank may have charged it off or forgiven the debt (not likely forgiven) if you want the clear title, the lienholder would still need to be paid off.
YES! Including any interest.
If the title is in your name only, then the new buyer will not be able to put the title in his name. If it was repossessed, then the lienholder was able to sell it and the sale is valid.
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
NONE on the loan.
Pay it off. It will still likely be repossessed.
These entities regularly auction off repossessed cars. Places and times vary by bank and region, so call the banks in your area to get started.
Yes it's their car you signed a lease they don't need a title to repossess their car. Title or no title they look up that information and have it mark on that title that the car was repossessed