I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
You're talking about the repossession agent, not the car company or dealer. And no, they have absolutely no authority to detain you. If they try this, file a police report.
Anyone can report you to the police with proper reason.
The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..
Then they're liable for the damages. You need to file a police report immediately.
Yes
Call the police and get a police report. Call your insurance company and report it to them asap.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
I CALLED LO JACK AND THEY SAID NO. ONLY THE REGISTERED OWNER MAY ACTIVATE LO JACK AFTER CALLING THE POLICE AND MAKING A REPORT.
A repossession is a serious negative and will drop your scores.
Most insurance companies want a police crime report number before a settlement is reached.
It possibly depends on the state, but here, no. A repossession has nothing to do with the police. It is a transaction between the finance company and the customer, and the police are not normally involved.
An insurance company can assign fault regardless if a police report is filed or not. A police report is simply a report made by a neutral party at an accident scene. I believe there have been cases where insurance companies have assigned fault to one party when the opposing party was initially named at fault in a report.