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Contact the lien holder(bank) and inform them that you wish to surrender the vehicle
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∙ 12y ago
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Where do repossesions go?
It's possibly sold to a Dealer and re-sold there, or sold by the bank itself.
Can debt or repossesions be done on a Sunday?
Yes, unfortunately the repo man works all the time.
Does failure to pay taxes on your car mean repossession?
It could depending on the rules of your city manager.Usually repossesions are limited to those who do not pay the monthly premiums to the bank to cover the promissary note you signed to purchace the car.
If you are paying half of your car payment can they still repossess it?
My best suggestion is to contact your auto lender, and ask them the procedure for repossesions. Keep in mind that the bank can reposses your vehicle if you are 60 days late on your payments even if you attempt to only make half of your payments. Call them as soon as possible and work out a payment plan with them.
You have filed Chapter 7 you have already been to court 2 months ago you surrendered your car but no one has come to get it Is there a statute of limitations I haven't heard anything from anyone.?
A chapter 7 goes through a process of clearing your creditors and filing may delay foreclosure proceeding and repossesions of vehicles until the process is complete. Contact your attorney with any concerns regarding property surrendered that has not been accounted for to be sure you have not missed some type of compliance on your part.
If the repo guy forcefully took your car keys and drove away with the car how do you retrieve personal items from the car and how do you get your keys back?
I am a repo agent and this is how our company handles it but there are many different policies and regulations across the nation so do keep that in mind. I allow the debtor to retrieve their personal effects when they surrender the keys. most companies will allow you to get your stuff at no charge if the keys are surrendered but some do charge a storage fee for inventory of such possessions. our state gives ninety days and then the items are disposed of. you may have to do a little research of your state laws and regulations though. personally i think this agent should have let you have your stuff UNLESS you were threatening or abusive. good luck though. As for you personal items, those can be retrieved from the tow company (go through your reinstatement with your finance company first) and when you pick up your car, you can ask there. And yes of course you can have your keys back. This from another repo man: There is a constitutional issue involved in repossesions that most repo agents and vehicle owners are not aware of. The only legal way to repossess a vehicle is with a court order and by a court bailiff. In most cases "self help repossesions" are the norm. However, the language of the law is "self help repossesions" are permitted as long as there is no breaking of the peace. Therefor, if the vehicle owner states his objection to the repossesion and the repo agent proceeds to take the vehicle over the objections of the owner, this is considered as a breaking of the peace and it then becomes an unlawful repossesion, with SERIOUS sanctions on the repossesor and lienholder! So, if you are having your car repossesed , and you are present, and the repo man doesn't let you get your personal property out of the vehicle: SEE A LAWYER; you'll get a lot more than your personal property back!
Is there a way you can verify that a car has truly been repossessed?
Your sister can call the LENDER and they will be glad to tell her. Soooo simple. they wont tell you because of the PRIVACY LAWS. Actually, it will depend on the state that she lives in. Repossesions have to reported to local law enforcement in a timely matter. So if the plate is ran they can advise the REGISTERED OWNER that it is or it is not. They should not provide any information to anyone else, unless there is extreme circumstances, such as being overseas, etc. If they did anyone could call in and get your information with just a plate number from your vehicle.
You have 15000 in evictions car repossesions and medical debt and no means of paying anything off anytime soon should you file bankrupt?
It all depends on what state you live in. Some states protect your home, cars, furniture and won't allow your wages to be garnished. Other states let them take these things. Find out the law in your state. If you can live with that, don't waste money. Sending them a certified letter should stop calls. www.ftc.gov which is a government web site that will explain how to send the letter telling them not to call you under the FDCPA. However to prove you sent the letter send it certified and keep the green card that comes back along with a copy of the letter you sent. If they don't collect they might send you a 1099 and you might have to pay taxes on it. Then again, if you don't own anything, you might not. Get the rules on that at the IRS web site. http://www.irs.gov/pub/irs-pdf/p4681.pdf
Will Ford Credit repossess an older vehicle that does not run?
Well, if it is old and don't run, they probably wouldn't make any money, likely LOSE more money, by repoing it. Sooo, they tell you to keep the old broke donw jalopy and get a judgment against you for the balance owed,ect. You are stuck with a car with NO title, nothing worth selling. But they will VERIFY that it is broke down and worthless. They wont just take your word for it. Good Luck Probably not. Niether would GM or Hyundai. I boufght a 94 Exel in 1994. I began to fall behind in payments in August 1998. By then my vehicle was indeed running but in such bad shape that it would probably have not been worth it. My muffler was damages, no air conditioning, bald tires, one was a doughnut, the brakes were in poor shape, one front light no longer worked, exterior was scratched and a few minor dents as well. Hyundai was trying to call me day after day 5 times a day. I wound up with all 10 numbers that Hyundai called from on call block. I was unemployed so they did not know where I worked. Still in January of 1999 I still made no payments but found a job in December. In February they called me finally (from a number they called from that they just added that was not on call block). I told them I finally had money and I could pay an additional 50 dollars a month to my 130 dollar a month car payment. They accepted. I then stated to them that I was surprised I did not get any repossession letters. They stated "We don't warn of repossesions...then people would hide their cars and skip town and never pay". I then said that I was surprised they did not get my car. They stated "We did begin to repossess but your car was in such bad shape that we decided not to bother after the repo man took a glance at your car." By June I caught up on my payments and by January of 2000 I was paid up. I was reported as delinquent until 2002.I eventually in 2000 did have to fix the muffler and brakes plus I found fixing the air conditioning was as simple as a fuse. I kept the car until 2002.
