0
How may times can a repo company try to repossess your vehicle before just giving up?
Wiki User
∙ 16y ago
Ive never heard of a repo company just giving up, they dont get paid unless they get the car. They will eventually catch the car or have a sheriff come out and help
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Can a bank repossess a car before the last day of payment?
Unless it's explicitly stated in the fine print that they can't do any such thing, they have a right to repossess the moment the payment is rendered late, if they so wish. However, if you have documentation from the bank showing them explicitly giving you a deadline date, and they come to repossess before then, you may have grounds for a lawsuit. However, you would need to find out if it was the bank which had your car repossessed on that particular day, or if it was the repossessors jumping the gun and going forth with it before the date which they were specified to take possession of the vehicle.
Can you repossess a vehicle in a storage lot in Oregon if under contract with the persons that will not pay for it?
The question is extermely unclear. Who is under contract to whom? Bottom line - if you have a valid repossession order giving you legal possession of the vehicle, that should be all you need to seize the vehicle.
Should you let the insurance company who is only giving us 200 take the vehicle when it is totaled?
This depends on your plans for the vehicle. If you do not need the vehicle and it is unusable, it may be best to let the insurance company keep it. If you want to continue using the vehicle or think you can sell it (For parts or as a whole), you may want to keep the vehicle.
Can they come on state property and repossess your car?
When you signed the contract to buy "your" car, you are also giving written permission for an agent to enter your private property and take back the bank's car. Read before you sign!
If you default on a auto title loan can they report the vehicle stolen?
If you have signed the vehicle title over to them as security for the loan, or they hold some kind of legal paper giving them ownership, yes. If you don't pay back the loan, or fail to surrender the vehicle to them, legally the vehicle belongs to them. ----------------- No, it is a civil matter. They can repossess the vehicle, report as a default on your credit and sue you for defaulting on the contract. ------------------ READ YOUR LOAN CONTRACT! If you default, and then conceal the vehicle from them, or their repossession agents, you have "converted their asset to your own use" - which is the definition of larceny - which is a criminal offense.
What is a sentence for parallel .?
The novice motorist unsuccessfully tried to parallel park their vehicle four times before finally giving up and driving away.
What are the laws on repossession in Missouri?
In short form, if a payment is missed, the vehicle is up for repossession. The company who owns the note may repossess the vehicle themselves, or may hire an independant company to repo it. Once repossessed, the company who owns the lein has to send a notice of repossession letter to the debtor, giving the debtor 10 days to either pay the car off in full, or catch up on payments missed. This is at the sole discretion of the owner of the note. The lein holder has to hold the debtors personal property for 15 days, and may charge the debtor a fee to retrieve the property. If the car is not claimed in ten days, the lein holder may sell the vehicle to the highest bidder. If the amount received exceeds the amount owed on the vehicle, the lein holder must refund the excess amount to the debtor, if the amount received is less than the amount owed, the lein holder may sue the debtor for the rest of the amount. A modest repossession fee may be applied to the total owed.
What happens if you wreck someones car who has insurance but you have no license and they are not pressing charges?
If they are not pressing charges, then they are giving you permission to drive their vehicle. If you give someone who doesn't have a drivers license permission to drive your vehicle, you are voiding your insurance coverage. The Insurance company will not pay.
Would an insurance company instantly refuce a claim if you were not at fault in an accident and your vehicle had balg tires?
No. If you were not at fault then the other person's carrier would pay the claim and your company would not have to do anything. I don't think you are giving the whole fact of the incident.
How much money do you get if you are in a car accident and it is not your fault?
You don't "get money" for being in a car accident. If you are in an accident and not at fault, it is the responsibility of the other person's insurance company to put you back into the same place you were before the accident. This would involve paying for the repairs to your vehicle, or giving you the value of the vehicle if it isn't repairable. Also they would pay for any medical bills incurred as a result of the accident.
How does one donate a vehicle to charity?
By calling the charity of choice one can easily say they are willing to donate their vehicle to them. Though it is advised to research the charity first before even giving them a call. Also check with the charity if there will be a tax benefit for you.
Will auto insurance cover a vehicle if an underage driver took it without permission and wrecked it?
If you are willing to charge this driver with auto theft it probably will. If not, the insurance company will assume you are giving him permission after the fact.
