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
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.
I know that everybody wants to have some codes but it iskind of illegal
He usually doesn't...just wants some you know, so be careful!
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.
It differs by states. Some aloow 10 days ,some until the lender makes a sale on the repo. Check with a local attorney.
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
As banks need capital for their operations & they may undergo some financial crisis. At that time banks borows money from RBI at certain rate that rate of borowing in known as REPO RATE. In some cases if bank have excess amount they deposit their amount with RBI. the rate of intrest banks get paid by RBI is REVERSE REPO RATE. Reporate Plays important role in liquidity & Inflation.