How long does a company have to collect on a reposed car?
As long as it takes to either get the car back or to be paid what is owed. The one who defaulted on the car loan is not the owner ... unless one has the clear title to any vehicle, they are not the legal owner ... registered owner, yes, but not the legal one.
What if you block your sons car that is being reposed can the repossession company move your car to get the wanted car?
What if your car got reposed and you filed bankruptcy do i have to pay storage charges to the repo company?
Typically, when a car is reposed the financing company is responsible for all fees incurred in repossessing your vehicle. If you added the reposed vehicle in your bankruptcy and it was discharged with your other debts, you owe nothing to the bank or any of its' subcontractors. It is the financing company's responsibility only to pay its clients. If the repo. company is harassing you for the storage charges they are out of line. They…
You are in a single car accident as a passenger the car involved is underinsured can you collect on your underinsured even though you were not driving and the vehicle is not listed on your policy?
If you still owe money on a car after a repossession is there a time limit for how long the loan company has to collect it?
I crashed my car into a curb my car was the only thing damaged i was not seriously hurt in Salem Oregon my car was totaled but nothing and no one was hurt do i have to report to cops and insurrance?
The prior answer is essentially correct. However, keep in mind that the premium may change based upon the risk factors involved with the replacement vehicle. These include make, model, age, etc. Also, if you decide to add or delete an element of coverage, such as collision or comprehensive, the premium may change.
Can i collect on both sides my insurance and the faulted drivers insurance i have a lien holder on my car a?
No, you can't. When you collect from your insurance company, they will pursue the other driver's insurance because the accident wasn't your fault. When your insurance company finds out that you collected from the other insurance company already, they will come after you. It's called double-dipping and it most likely wouldn't end well.
In all states an accident in which damage occurred (and even those in which there is no noticeable damage) are supposed to be reported to the police immediately and at the scene of the accident. If there is no police report it becomes next to impossible to collect compensation from the insurance company.