i know a vehicle that is wanted for repo and i know where it is located but will i get payed for telling them and around how and who do i call ? thanks i really appreciate it
Some companies are paid by creditors, such as banks, to repossess property in the event of a default on payment. Laws governing repossession tend to vary by state.
If you know who there finance company is you can call them directly. Or you can call the repo comapany. Some finance companies and repo companies actually give a reward for contacting them and telling them where it is.
They get paid a variety of pay rates. Some make $12.00 and some up to $23.00. I do not know what the highest they get paid,but I do know this range.
If he keeps on trying or going too far/fast then he just wants some
I know that everybody wants to have some codes but it iskind of illegal
No!!! Operation repo is prescripted and practiced just like any other tv show. The cars they repo are purchased especially for the show and some are even donated.
He usually doesn't...just wants some you know, so be careful!
It differs by states. Some aloow 10 days ,some until the lender makes a sale on the repo. Check with a local attorney.
Give your title to the "tow-er", but be sure and sign it over to him/her. Oh you mean Repo ? It depends if title is held by a bank/finance company or by a dealer. In order to salvage your credit, ask either if they will have mercy on you. Some will just let the note go. It depends on how much you already have paid and if vehicle is in decent condition.
Some states do not allow a felon to be a repo man. Other states do allow them to be in this position with the correct licensing.
yes
Simply talk with him and find out. There is no sense waiting for signs or some special treatment.