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Answered 2006-07-25 10:50:56

The Repossion Was Issued. This In Its Self Is Legal, Reguardless, Of How The Vehicle Was Recovered. Next The Feds Will Have To Handle The Other Violation.

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Why is the bank reporting a car as a repossession when it was stolen and totaled and you are still paying for it?

Because the lender repossessed the car from where ever it was after being totaled.IF you had gotten the car back after it was totaled, it couldn't have been a repossession.


Does insurance help with rental when car repossessed?

I've never heard of an insurance policy that covers repossession. Remember, the car doesn't actually belong to you -- it was repossessed because you failed to honor the contract of repayment of the loan to buy it.


You returned a car you purchased because you could not pay for it?

That is called voluntary repossession. You will be required to pay the difference in what the lender sells the vehicle for and the balance on the note after that amount is applied to the loan. You did avoid repossession fees by voluntarily turning the car in. Your credit will also show this repossession for 7 years.


You just paid what they said you were behind on and they Repo it anyway with no notice?

Notice is not necessary in all state prior to repossession. In fact it is not necessary in most states. If you have paid current on the loan, and the repossession occurred anyway, this is likely a communication lag between the lender and the repossession company. It happens often. Contact your lender and explain what happened. Be patient and polite--they are not required to return the vehicle. They likely will because they want your money not the car. Ask the lender how you can get your vehicle back. Ask them who has your vehicle, and call that company to explain the vehicle was "wrongfully repossessed" and why. Again, be patient and polite--these people have your car.


If your car was repossessed and you paid all the fees but were not able to reclaim it for two days because of a holiday will the repossession appear on your credit report?

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Can a car be repossessed while it is impounded?

Robert, read the contract where it mentions DEFAULT. Default is not JUST making payments on time. It usually covers having the required ins., NOT using the car in an illegal manner. Whenever you are in default, the lender can repo. YES, it can be repoed from the impound. On an involuntary tow, the impound is required to notify the LEINHOLDER and the owner. As a matter of fact I dearly love to impound cars - then find out there is repossession order out of them because then I ALWAYS get paid by the lienholder.


What can you do if you bought a car from a person who is not licensed to sell cars and he repossessed it without notice?

Were you in DEFAULT of the contract the car was collateral for? If so, not much to do about the repo except pay up. Obviously, the "not licensed" part didnt bother you when you bought the car. Call a local attorney for state specific advice. In many states, notice of repossession is not required. The licensing of the seller is neither here nor there, because that does not affect the fact that you owe him a debt. There may be laws regarding your rights to reclaim the car after paying the back payments and costs of repossession.


How do you find out where your car was taken after being repossessed in South Carolina because you need to obtain your personal belongings?

Answering this with common sense, contact the repossession company. You probably got some form of communication telling you your car was being repoed. Try looking at letters and look for contact information. You can also look through your local phone book to see which companies do repossession work in your area. You could also contact your original loan company because usually lienholders have contracts with repossession companies to repo their cars from people should they default on their loans.


If your aunt cosigned for a car and it got repossessed can she file suit against you because of the repossession?

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If you're married and your husband's car is soley in his name and was repossessed will it show on your credit as repossessed?

No, because you have your own separate credit report.


Can you still owe money after your car is repossessed because of the recall?

If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.


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Why do car dealerships offer voluntary repos if you still have to pay?

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You want your house repossessed?

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Can bank put a lien on a new house if the former house was repossessed?

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Can you file breaking and entering repossession in nc?

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Can a landlord collect rent without a certificate of occupancy in Texas?

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Can your car be repossessed while parked in reverse?

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Does gap insurance protect you if your car is repossessed?

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