If you go delinquant the bank will hire a collection co. such as me and they will track you down and when they find you they will forward the account to the most reputable collection agency in your area a the will locate you and take your vehicle then youll be liable for the fees incurred from both companies.You can run but you cant hide so be smart and dont try unless you have a good pair of nikes.
only a drivers license
Yes. The repo company I work for goes out of state at least once a month to get a repo because the owners have moved, I don't believe any state will stop a repossession just because the car was moved to a different state.
24/7/365
Yes, there are. Most repossession services are actual towing companies who also do repossession work.
Repossession Agencies are independent and corporate tow companies who may work directly with and for Lending Institutions while the Repossession Forwarding Companies are organizations that accept repossession work on a national level and then forward that work out to these Repossession Agencies. The benefit forwarding companies bring to financial institutions is access to a larger base of Repossession Agencies rather than dealing directly with each one across multiple jurisdictions. Repossession Forwarding Companies traditionally have lower rates of recovery due to the economy of scale they offer. Repossession Agencies may still have a competitive advantage locally as they will be more familiar with their territories in the similar fashion a small business will usually have the "home base" advantage over larger corporations.
Yes ,Whiteland Recovery Services has wrongfull repossession coverage their insurance is through an "A" rated carrier ,they have timely updates ,and are certified by CARS,a national certification for collateral recovery companies ,not to be mistaken for the average tow for hire business ,professionals in their field hands down.The skiptracing service is above and beyond expectation! Their locates are 97% accurate. I would choose no other company for recovery work in the state Indiana. . Evalina Evans ,FMC / Colorado . .
YES
If this is a contract sale of a motor vehicle, then Indiana Code 26-1-9.1-609 "Secured Party's right to take possession after default". In Indiana - self help repossession is permitted as long as there is no breach of the peace. WHOOPS - you want to be a repo man. There are no specific licenses for repo in Indiana. You'd have to check with your insurance company about bonding. The private detective field and repo field are closely related. You might check with the Indiana Secretary of State, Indiana Attorney General's office or you can call Indiana Professional Licensing Agency 317-234-3040 but that is mainly for PI work license.
The repossession man must obey the laws pertaining to the country in which you live. If you need help or advice, contact an attorney (a lawyer).
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
I work as a server in Indiana and get paid $2.13/hour
Yes, they can. Ultimately they have to PERFORM WORK to gather, label, secure, and keep safe your belongings. They can charge you for this because they were forced to perform work. The law allows them to be compensated for it.