answersLogoWhite

0


Best Answer

that's like saying, "I was speeding, the cop couldn't see me cause I had MY eyes closed". If you are in default of the contract, you are liable to be repoed. Simple and to the point. In most states, concealing(HIDING) leined collateral is a FELONY.

User Avatar

Wiki User

โˆ™ 2011-09-12 21:42:37
This answer is:
User Avatar
Study guides

Loans

26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

โžก๏ธ
See all cards
2.33
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
3 Reviews

Add your answer:

Earn +20 pts
Q: If you are avoiding repossession by hiding your car is it still considered repossession?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Do you still owe after an ATV repossession?

yes


If you return a car to the dealership which financed it will it still be considered a repossession even if you have to pay off the balance?

YES, unless the LENDER decides not to report a repo to the CA.


Can you still register a vehicle when it is in repossession status?

not possible. sorry


Is a lease repossession the same as a purchase repossession?

About the same. Don't make your payments and they will come get it. Then you still owe the difference as stated on the contract.


Is it still considered repossession if you willing give the bank the keys to your property before it goes into foreclosure?

Yes, a voluntary foreclosure (deed in lieu of such) is a foreclosure just as a voluntary repossession of a vehicle is a repossession. All the same penalties/fees, recovery of debt laws apply and the information entered on the debtor's credit report will be as a foreclosure regardless of the circumstances involved.


What are the ratings and certificates for Still Standing - 2002 Still Avoiding Christmas 4-9?

Still Standing - 2002 Still Avoiding Christmas 4-9 is rated/received certificates of: Argentina:Atp


Does repossession show on your credit report as soon as the car is taken or after it is auctioned?

It can show at any time. A repossession is compleated as soon as the car is picked up so it does not matter what happens after the repossession it still did happen.


Can a leasing company consider it a repossession if you turn a leased car in early?

Yes when a leasing company regains control of an asset it is still considered a Repossession repossession is much easier in a lease agreement than it is in a finance agreement due to the fact that the asset is owned by the leasing company, in a finance agreement you control ownership and the bank only holds security in the asset.


Are the Watergate Seven still in hiding?

possible


Is it better to do a voluntary repossession?

It will save you some money BUT you will still have a repo on your CR.


Who killed killer bee?

He is still alive and hiding


How do you stop a repossession in process?

Pay the past due amount on the loan or pay the loan in full. In the event you are able to do this, it is a good idea to have the lender contact the repossession agency to cancel the repossession while you remain on hold. If you fail to do this, it could take several hours for them to notify the repossession agency, and your vehicle could still be taken.

People also asked