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Based on personal experience, 20 minutes from time of assignment up to 2 yrs.
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∙ 8y ago
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How long does it take a loan company to repossess your car after it charges off?
2-5 months
When a bank repossess someones car?
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
When can a bank repossess someones car?
When the owner defaults on the loan payments
How long can you go without car payments before they repossess it?
Three payments
Can they repossess your car at your place of work in Georgia?
As long as they dont Breach the Peace, they gotcha.
If you let GMAC repossess your car will they take you to court?
Unless they change the laws, YES they will.
You want to take the car from the co-owner?
The best way to take the car from the co-owner is to have the car refinanced alone. Once the care is solely in your name, you can repossess the car.
If a creditor garnishes wages for debt can they take your car?
If the debt is on the car, or the car was used as collateral for the loan, YES they can repossess the vehicle!
Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
Can they take your car at work?
Yes! a repo agent can legally repossess collateral anywhere, as long as he doesn't breach the peace or break and enter into a locked garage or gate
Is there a time limit in which a car can be repossessed?
As long as there is a lien on the vehicle the lienholder has the right to repossess the property
Is it legal to go onto private property to repossess a car?
No, they are allowed to come and take it away.
