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Repossession

How does someone obtain a license to repossess vehicles for small companies?


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Wiki User
2015-07-15 19:11:25
2015-07-15 19:11:25

Actually, it depends on your state as to whether you need a license. Lenders prefer educational and/or training certs. You do need it if required by the state. this link might be helpful, if you need more info email me.

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Most insurance companies allow household members can be excluded if their drivers license is suspended. By signing an exclusion form this means that there is no coverage at all if the excluded person is driving one of the covered vehicles and a claim occurs.

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All the police and report it stolen, contact the Department of motor vehicles and your insurance company.

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There are some companies that will write a policy if you have a suspended license as long as it is not permanently revoked.

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No it's not true. It would be illegal. If you don't pay insurance the DMV would send you letters demanding that you prove that you have insurance on the car. You might have to pay a fine.


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