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Rachelle, try to make a deal with the lender to return the car without the repo. At least ASK them to do it. It is their choice.

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โˆ™ 2015-07-15 19:36:02
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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

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Q: If you have not paid the full down payment can you take the car back without it being considered a repossession?
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Related questions

Can repossession happen for being 10 days late on a payment?

Repossession can happen any time after a payment goes late; it all depends what the initial contract states.


What can I do if my motorcycle is being repossessed?

You should contact the lender and try to work out a payment plan. Lenders will use repossession only as a last resort, so there is a good chance you can get something worked out.


Can a repo man proceed with repo after being ordered off property if he does not have a court order?

They can if they have an order for repossession. You can ask to see the order, and if they do NOT have the order, then they can not take the car. The repossession would become invalid without the order to take the car.


Can a car go through repossession without sending a right to cure-default notice?

The majority of states allow for a repossession as long as there is no "breach of the peace." There are a few states that require a Right to Cure letter being sent out roughly 20 days prior to a repossession. You need to check your state law.


Can a repossession agent take a car without telling you where it's being held?

Yes. When the vehicle is repossessed it no longer belongs to you and there is no requirement to tell you where it will be stored.


In Delaware can you be put in prison for not being able to pay the balance on a repossession?

In the USA you cannot be sent to prison for non payment on bills, unless the debts were obtain thru fraud. But you can be sued in civil court.


Can you register a car being repossessed?

The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..


What happens after a repossession?

After a repossession, you will need to pay a fine usually. For example, if this was a car being repossessed, you would have to pay a certain amount to get it back.


Can you stop payment on a check without it being fraud?

Yes, by contacting your bank branch and request them to stop the payment of cheque, by giving them the cheque no. and telling the amount and the name favoured.


Is it against the law to repo someones car if there barely a day late?

This might help you to visualize this better.Let's say the car payment was due on the 10th of the month. At midnight, you still have not made that payment, and at 12:01 am on the 11th, the repossession agent hooks up to your car in your driveway and drives away. No, it is not against the law, PROVIDED:The lender has contracted the agent to recover the vehicle.The lender has provided a legal order of repossession.And, the repossession agent has followed the repossession and collection laws of the US and the state.It is not likely that this would occur though. The logistics of the situation take time. This is part of the reason most lenders have a five to ten day grace period.The more likely scenario is that the payment was due on the 10th, was not paid, the five day grace has come, and the payment has not been made. During the five days since the 10th, the lender has contacted the repossession agency, has sent them an order for repossession (electronically), the account has been entered into the repossession agencies system, the account has been assigned to an agent, and at 12:01 am on the 16th, the repossession agent secured the car in your driveway and affected recovery.Your car being repossessed is not the fault of the lender or the repossession agency in most cases. In the majority of cases it is the fault of the borrower, either from personal failure or unforeseen circumstance.


Can a trailer be taken that is attached to a truck being repossessed?

They can only take whatever it is they have an order of repossession for - if the trailer is not included in their order of repossession, they cannot take it.


What age can a child leave home without being considered a runaway?

12

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