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Going to do a vol repo and plan to set up payments after the fact w the fin inst As bad as a REPO is does this help somewhat?
Wiki User
∙ 15y ago
Compared to the alternative yes, altho it shows the same on your report it will be cheaper for you in the end.
Wiki User
∙ 15y ago
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If a few payments were made to a collection agency for a repossession after the fact will the repo come off of the credit report 7 years after the repo or 7 years after the few payments were made?
The report will be removed 7 years after the date of the last on time payment to the original creditor.
If a car is repossessed and you pay the balance after they sell the car do they remove the Repo in your credit report?
Do they? NOT usually. CAN they?? yes, if you convince them to. reporting a repo is reporting a fact. The repo DID happen. They report the payoff. That is a fact also.
Do they have to notify you in NYC if your car is going to be repossessed and if so how do they notify you?
No The lender will not let you know when they are going to repo in NYC.In fact many times the lender will lie and tell you they are not going to repo and they do.If they do repo you will have to pay the outstanding balance plus repo fees,storage etc. plus whatever bogus fees the repo moron can get away with.Also remember in NYS car insurance rates have skyrocketed if your ins. has lapsed that is another way they can repo.If you feel a repo coming get everything of value out of the car radio etc.including your pp.If you can borrow the money to make the payments do so now before the repo!!!!!!After it will be much more expensive.Good Luck The only requirement of notification in NY is a post repossession letter must be sent, and a repossession condition report must be filed within 48 hours after the unit is secured.
What can police do if an unlawful repo is reported to them?
An unlawful repo is a theft. Hence it would be handled as such. But most repo companies have the documentation to show they have the right, whether you feel so or not, to take possession of the vehicle. In fact, in most jurisdicitions they advise the police of it before, or right after, attempting the repo. What good would an unlawful repo do someone...they couldn't get title?
What is fact-ed?
Factes is a somewhat common surname.
How badly does voluntary repossession hurt your credit score?
About the same as any repo. The impact is that you couldn't complete the agreement for whatever reason. Same as a repo. A repo is a repo is a repo. That is correct, there is no difference in voluntary and involuntary. Stays on your credit report for 7 years. Don't let it happen to you. It is not that bad ....in fact you can probably get another car just at a higherinterest rate... besides someone has to keep wonk and clay in business.
What does Florida law allow for collection of monies owed on a car repossession?
this question can form a wide range of answers it depends on if you are willing to pay on the repo car how ever the most they can do is put it on your credit and it can stay on there for 7 years it will show on your credit report as repo ..a large number of people never pay off a repo car even if you do pay on it to try and save your credit the fact still remain it was repo and it will show repo settlement
Are there healthy pizzas?
yes, in fact, pizza is somewhat considered healthy
Why is sonic boom useful?
It isn't. In fact, it's somewhat of an annoyance.
Can a bank contact you prior to repo 3 years after a bankruptcy in TN?
If the automatic stay is still in force....meaning your case is sill open and not resolved (and presumably your in complete compliance with the probably C-13 payments, etc)...they can't...refer it to the trustee of your case. Otherwise, the fact that you had a filing once years ago does not afford protection now.
Can a leinholder repo a car and cause damage then returns it do to the fact it was a mistake?
Strange question. IF it was a mistake, then it wasnt a repo (ie: wrong car, not in default,ect) OTOH, the lender is responsible for any PROVEN damage done to the car while in their possession.
Can you prosecute a repo man for trespassing on private property to repo a auto?
Repo agents are not allowed to break the law. Technically this includes trespassing, but the mere fact that someone was on your property does not in and of itself does not usually legally constitute "trespass". Generally, the burden is on the complainant to prove that entry was in fact trespass, by showing that you have taken steps to defend the property. At the very least, this will probably include posting warnings/signs that the property is private and that you do not grant permission to enter or pass through it. A repo man can't break into your garage or cut a lock from a gate, but if the car was on your unprotected driveway, it's probably not legally "trespass" for him to walk onto the driveway, break into the car (this is not illegal, because he's acting as an agent of the "rightful owner", i.e. the bank), and take it. I guess the answer is that you can certainly contact the police to file a complaint, but after reviewing the facts, they may tell you that legally speaking no trespass occurred and they're not going to do anything about it. You're not going to get the car back in any event, so doing this unless the repo agent egregiously broke the law is really just kind of spiteful.
