Repossession

I made a agreement of payment by this Friday can they still repo me?

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2009-10-25 06:54:37
2009-10-25 06:54:37

Yes, as long as an active repossession order exists, the vehicle will eventually be recovered. If it is seen in towing position by a recovery agent, he will take it. Keep in mind that many repossession agencies have spotters who do nothing but stake-out wanted units, or look for them in public locations where recovery agents may secure them. Any attempt to hide the vehicle or prevent the recovery could be prosecuted. Repossession is a time game, an inevitability. Hundreds of thousands of vehicles are repossessed in the US every year. Less than 1% of 1% of the vehicles up for repossession are successfully hidden for any significant time. And, some states are passing laws that will prevent parties who have active repossession orders against vehicles registered to them from registering any vehicles in that state. If you have active arrangements with the lender, hope your payment reaches them before the recovery agent is able to secure the vehicle in question. Be certain to contact the lender and get their assurance that repossession activites have been cancelled once the payment is received. Your best course of action is to take the payment to the lender, and while there have them call the repossession agency who has the active order and witness them cancelling the order.

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This Friday August 31, 2012


That depends on the agreement made re payment.


AnswerProbably, but if payments are kept current it would be unlikely that a creditor would take such action. When a scheduled payment is missed the account is in default even if the payment is "made up" and the creditor can exercisewhatever options might apply under the original agreement, including repossession of the item.


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Loyalty and love for the family member can and does at times hinder us in asking for payment for work done, if such an agreement was made. If no agreement was made then no such payment can be expected, unless they family member is inclined to recognise the worth of the work you have done. They then may pay you according to their finding as to what work was done is valued at.If no agreement was made, then you may have to humbe yourself and perhaps ask if they would consider paying you for the work done.


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If it deals with the validity of the insurance agreement, yes. If it is related to a claim made by someone else, no.


You need to persue this towards the lending institution first,since this is where the payment in question was sent. If the bank violated their loan agreement you have action against both the the bank and the repo company.


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Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.


Penalties and fees are established by the card issuer and information can be found in the terms of the agreement made when the account was opened.


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Sure, the way payment is made doesn't change a thing. The offset is made well before the payment is issued, by check or electronic check.


My friends and I made an agreement.



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