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If vehicle was repoed 10yrs ago can they come back and collect now?


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2005-09-28 01:08:04
2005-09-28 01:08:04

I am not for sure, but I always thought that if you have not heard from, or had no contact or attempts whatsoever to collect this debt in a 10 year time span, then that debt would be considered obsolete. Maybe someone can clarify this?

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they should not be able to garnish wages for a vehicle the leinholder has taken back into their possession for payments not being made. They have the vehicle back, so its not right for them to take your money.

No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.

AnswerIt is definitely possible, because I had my car repoed and got it back (in California) years ago after bringing the payments current. Most states have enacted Article 9 of the Uniform Commercial Code. You have the right to redeem your vehicle by purchasing it back, although you probably will have to pay the amount owed and not just the payment. Even if you cannot get the vehicle back, many vehicles are illegally repossessed and you may have claims against the lender or others. For example, a repo cannot be done if there is a breach of the peace. Police officers are not allowed to facilitate or take sides in a repo. Many times a lender will seek a deficiency if the vehicle does not sell for what is owed on the loan. There are many defenses to a deficiency case. Generally lender is required to prove the vehicle was repossessed and sold in a commercially reasonable manner.If your vehicle has been repoed, a good place to find a qualified lawyer is the web site of the National Association of Consumer Advocates.

If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.

I used to "repo" vehicles for the bank I worked at. The rule was that if it was attached to the vehicle, it stayed with the vehicle. If it was attached by wires only and there would be no damage to the electrical system by cutting the wires, it could be removed.

Surrendering a vehicle, in a financial sense, means that it is being repossessed and it is being given back to the finance company. The company will usually send someone to collect the vehicle.

Certainly it does. It could be repoed multiple times, and each time this occurs more and more fees and penalties are added to the original or remaining balance of the loan. If you cannot afford the payments, your best option is to surrender the vehicle and seek other means of transportation.

in nc i voluntarily repoed if you call i that because of the bad economy it was either let the vehicle go back or my home now they are going to sell my home to get what is left owed afterauction

Once your vehicle is repoed, you will have the opportunity to pay the loan up to date, plus any fees associated with the repo to redeem your vehicle. This timeframe is relatively short in duration, so if you fail to make the payment that is required, the vehicle will be auctioned.

What MUST be done is CONTACT the LENDER who repoed it. They determine who, what, when and HOW MUCH.

IF you payed current B4 it was repoed, then the lender will bring it back, uaually. If it was simply put on hold and repoed, you pay to get it back. The LENDER is responsible for repos.

1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.

they usually do not give it back. once they take it, it is theirs.

Yes, If you are trying to get the vehicle back you can file a Chapter 13. but you have a very short window typically 10 Days to get filed to have much success of getting the vehicle back. Or you may need to file if your window has passed to protect yourself from future liability. The lender will sell the vehicle and if there is a deficient balance will pursuse you for collection of the remaining balance.

In ANY state, the FIRST call should be to the LENDER. They had it repoed, they will determine how much and when you get it back.

Yes, You are still considered a signer of the note. You will have to pay repo costs and any other charges that may have occurred, but you have every right to get vehicle back. talk to your bank where the loan was processed and they should help.

They will try to collect the balance remaining after the sale if any difference left over.

If you are dead, you dont need it. No, you can not collect if you are dead.

If a person's car gets repoed, the bank can report it on their CR in any state. When they redeem it doesnt matter, its the fact that it got repoed that gets reported.

Honeybees collect Pollen and nectar and bring it back to the hive.

Well you wasnt in a hurry to pay them so why should they be ina hurry to return it. also if you vehicle has been repoed it will not be returned. Even if you send money they will keep it, it is too late they will take that off the total loss they will write up on car when htey sue you, but they will not return your vehicle

If what you are asking is "Can I collect unemployment after I have been back at work for weeks?" The answer is: No you can not.

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