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If there is a repo fee on your account does that mean they are trying to repossess your car?
Wiki User
∙ 8y ago
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"
Wiki User
∙ 8y ago
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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.
Do REPO men call you at home?
Repo men may call you at home if they are looking for the person who owes the debt. They are usually trying to locate the individual in order to repossess the property. If you are not the person they are looking for, you can inform them of that.
Can a repo man come into your garage to repossess a car?
yes if it is open
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.
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.
Can they charge you storage when they repossess your car?
Yes, along with all other costs of the repo.
Can a repo man break an automatic garage door opener to repossess a car?
NOT LEGALLY.
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.
