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In some states but not all. Each state has its own requirements. Some require a license to repo. Some require a collections license. Some prohibit previously convicted felons from obtaining licensure or certificates to do repossessions. Some reuire only insurance. Contact your states licensing bureau for details in your individual state or the states in which you hope to work.
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∙ 13y ago
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Do the police need to be contacted before a repo?
It depends on the locality. In Tennessee, no. A finance company can repo a car at any time if the payment is past due. In some states, it requires a court order and police officer sometimes accompanies the repo agent to the location.
How can a leinholder repo a car with only 2 installments due and was to be paid in 1 month as agreed?
how can a leinholder repo a car "with only 2 installments due?" READ your contract. Does it say you will pay as due OR when you decide to? You were in DEFAULT and when in default the lender can repo the collateral.
If you voluntarily relinquished your car due to your unemployment status can you be subpoenaed to pay the remaining balance after they sell the car at auction?
They are not lying to you. A repo is a repo is a repo.
If the lienholder repos car due to default and you never missed a payment and continue paying off car is that no different than a regular repo?
When it gets to your CR, a repo is a repo is a repo. Theres only one.
In England can a vehilce be repo due to unpaid parking fines?
yes
What is the amount of days you have to be past due on a car payment to be considered for a repo?
It is done in time not money i.e. days late.Generally 30-45 days late triggers a repo but they can repo after one day late.
How do you plead with a auto company to a get repo back?
You pay your past due bills.
If a dealer damages your car while in repo- do you have the right to give the car back due to breech of contract on their part?
NO, but you can get it repaired. Do you have any proof that it was the repo that damaged it?
What is the need and use of hybrid cars?
Many people feel that hybrid cars will save them money concerning gas prices. Others feel that hybrid cars are better for the environment due to the lack of emissions.
What is 14601.2avc?
Driving on a suspended license when your license was suspended due to a DUI.
How many men drive cars in Ireland?
No one in the world could possibly count the number of men who drive cars in Ireland due to the variables of; people visiting Ireland, people who drive illegally, the people who have a license and don't use it. It is impossible to say.
If you bought two cars in your name one for your brother and his was repossessed how will it affect your credit?
It will be just like if your car was repoed. Repo on your CR,ect. The lender will collect any balance due after its sold from YOU. It's a repo on your credit, probably yours alone. This is referred to (buy lenders) as a straw purchase, if your brother's not a cosigner. People do this to get loans for friends and family who can't pass credit.
