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Can your finance company go to the authorities and file Grand Theft Auto if you are behind on your payments?

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Answered 2015-07-15 18:19:23

Damien, as long as you are behind, they can repo. read your conract where it mentions "DEFAULT". If you are in default, they have the right to repo. Whether or not they do repo depends on many variables. Basiclly, they have to at least think there is a chance that you WILL pay so they dont repo. PAYING is the best way to make the lender think you will pay. LOL Good Luck and get your personal property out of the car until you get caught up.

YES if you are in default of your agreement they can attempt repossession and repossess your car. Your contract specifies what a default means. In practice they only repossess at 60 days past due but not always.

NO THEY CANNOT PUT A WARRENT OUT OR HAVE YOU ARRESTED FOR GRAND THEFT AUTO. Usually a repossession precedes a court order meaning they need no court order to repossess. As a result if you prevent repossession and hide the car you are not violating criminal law.

Once they are unable to take the car and its obviously hidden however they can get a court order and the sherriff's department takes over and demands you return the car. If you still dont then you are generally charged for contempt of court...but continued failure to return the car on court order could constitute theft.


Oh yes they can.

Some states, such as Georgia, have criminal code sections for "Concelement of property subject to security interest", and do not require contempt of court to have someone charged. A lienholder or their represenative can file an application for a warrant with the magistrate judges office, and the judge will set a date to hear it. (usually within a day or so) They are required to, as it is a state law with a code section, and if it is proven to have been violated, they have no choice but to issue a warrant, by their legal duty.

Before you say it can't happen, I know it can. Yes, you be criminally charged for conceling a vehicle from the lienholder, as I have seen it happen more than once.

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Related Questions

Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.

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Can you get a dirt bike repossessed?

Yes. A dirt bike is the same as a street bike or any other type of vehicle. if you miss the payments, and the financier wants to exercise his rights to seizure, he can do so. If you are behind on payments the best thing to do is contact your finance company and explain your circumstances to him. There are probably options available to avoid repossession. The last thing any finance company wants to do is repossess their property.

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It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.

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It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.

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No to both questions. But the repossession agent has access to all that information and then some.

What is involved in a Repossession of a vehicle in Tennessee?

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Usually they aren't that nosy because it doesn't apply to them.

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I do not understand how you can be in posession of the title when the vehicle is financed. The vehicle title is alwaysheld by the finance company until all payments are made and the loan balance is paid in full.As for locating the vehicle you will need to talk to your son, or let the finance company repo experts locate it and get it back then.

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Can a finance company repossess your car because you lose your job?

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