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Good question...how did you find out about the repo fee?? Have you been repoed before?? Are you in default now?? If you're not in default, dont worry about it, hope they repo it so you can sue them.... IF you ARE in default, pay up today

Yes that is what it means. If you were behind on your payments and didn't call the lender to work out a deal before a repossession order was issued, Then you payed before a repo agent picked it up you are responsible to pay the repo fee and the lender is responsible for calling off the repo. If you have payed and the lender failed to call the repo agent and you get repoed you can bring up ''wrongfull repossession charges'' and that falls on the lender. In your signed contract you agreed to this and so did the lenders.

The above response is incorrect THE LENDER CANNOT CHARGE YOU FOR SOMETHING (a repo in this case)WHICH HAS NOT TAKEN PLACE !!!!!!!!!!!!!!!!!!!!!!!!!! IF they try too.... SUE them and there "agents"

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โˆ™ 2015-07-16 18:30:21
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Q: If there is a repo fee on your account does that mean they are trying to repossess your car?
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Related questions

Can they repossess your car if your bank account is in the minus?

To my knowledge, the lender can ONLY repo when the loan is in DEFAULT. Does your acct. being minus put you in default????


Does a repo agent have to notify you if they are going to repossess your car?

no


What does repo mean?

of course he can, if he's tough enough.It's short for "Repossess". Loan companies that are not getting their loan payment from the person that borrowed the money hire or pay a fee to "Repo" companies that repossess such vehicles, ie. also boats, RV's, motorcycles, tractors trucks etc.


Can a repo man come into your garage to repossess a car?

yes if it is open


When repo man hits another car when repossesion a vehicle?

when repo man repossess the car and was in an accident before you can get it back, what happens


Can a repo man repo a car from a public storage facility?

Absolutely ! So long as he has the correct paperwork - he can repossess the vehicle from anywhere.


What is the repo man not allowed to do?

He's not allowed to repossess your baby. Note: Child welfare service workers are not repo men; they CAN take your baby.


In the state of Maryland can a Repo man come into your garage to repossess your car?

No it is breaking and entering.But that does not mean they won't try.After they get the car it is theirs so even if you get the repo guy/lender for B+E they still keep the car.


Can you repossess a vehicle if it's been charged off on your credit?

Just because the company charged off the account, does not mean that they don't want to be paid...so if the car is still assessible...they can repo it. Charged off on your credit means that it is no longer an active paying account..the company took a loss for that amount. A different department, "Profit & Loss" will take over trying to collect any way possible. Sorry.


Can a repo man break an automatic garage door opener to repossess a car?

NOT LEGALLY.


Can they charge you storage when they repossess your car?

Yes, along with all other costs of the repo.


Someone can repossess a car after being one day late if they want to but how long overdue is more typical in New York before they repo?

30-60 days depending on the lender and your account.


How can you get your possessions from your repo car?

The repo company will remove personal items from vehicles they repossess. They'll typically charge a storage fee for you to retrieve those items.


How long does a lender have to repossess?

I am 3 months behind on my mortgage? How long until they repo my home?


How long does it take to repossess a vehicle?

I don't know about you but i would just watch operation repo


Can a debt collector repo your car is they are not lienholder on title?

No. To be able to repossess any of your property, they must hold a lien on it. If they have no lien on it, they have no right to repossess. Their only option is to take you to court.


If your car is going to be repossessed but you make a payment to get caught up can they still repossess the car?

Until the LENDER cancels the repo order with the repo company, you are fair game.


Does credit acceptance corp defer car payments?

No they do not. And they will repo your car if you are too far behind. They may tell you that they will repossess your car if you are 10 days late, but it is a tactic used to scare you. They would loose more money trying to repo your car than waiting on your payment after 10 days.


Is it legal to repossess your work truck when you are self-employed?

Yes, if you are not making the payments the bank can repo your truck.


Can they repossess your car the day after they receive a partial payment?

As long as you are in DEFAULT of the contract, the lender can repo the collateral.


Can an agent repossess your vehicle without even telling you when they come to take it?

Yes...thats what repo-men do.


Can the city repossess your car for parking tickets and keep it?

NO, the city CANT repossess your car. They can impound it for a violation of a city law. The only one who can repo a car is the LEINHOLDER. THEY can repo it as a result of the city impounding it for the cities reasons. And only repo it AFTER they pay the city and/or impound fees. Yes - they can have it towed for example if it is abandoned on the side of the road and the lender would have to pay the amount due to get it back just to repossess it. Their lien takes precedence over all others.


Can a repo company garnage your paycheck?

The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..


Is it legal to take your car back from title loan company after repo?

You're talking about trying to repossess it from the repossessor? Short answer, no. You're committing theft - possibly grand theft, depending on the vehicle's value. But the repo agent coming to repossess your car isn't commiting theft. Double standard? No. The thing of it is, it is NOT your car - the lienholder is the sole rightful and legitimate owner of the vehicle. The repo man isn't taking your car away - he's reclaiming the lienholder's property after you failed to meet the terms of the finance arrangement.


You can't pay for the car but the company won't come get it?

The bank that you have the loan with hires repo men to repossess the vehicle