Every state requires repossession agents to carry insurance. If the vehicle is damaged during a repossession or especially a wrongful repossession, the agency that secured the unit must have it repaired at their own cost, or as a matter of insurance claim. Remember, do not sign for acceptance on the repairs until you are absolutely satisfied that they have been done properly.
If the car was damaged during the repossession, then take the tow company to small claims court. You better have written proof from that mechanic that they damaged the car our you will loose.
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
CAN & WILL. Good Luck
You will have to sue the lender/bank get several estimates to fix the damage file a police report, take pictures.You can sue in either small claims or regular court either way you can represent yourself.
How do you write a car repossession letter?
The LENDER is responsible for every detail of a repossession. They may pass the costs of repair on to the repo company.
If a car shakes during acceleration the brake rotors may be damaged. If the rotors are damaged they will be unstable as the tires rotates making the whole car shake.
is concealing a car from repossession a felony in georgia?
NONE OF THE ABOVE. Call an attorney ASAP.
The car company generally has to give you notice before going through with a repossession. Also, they should give you the opportunity to pay the outstanding bill before resorting to a repossession.
The repossession process of a car usually takes about 6 months
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
Possibly, but they can certainly prevent you from interfering, as it is no longer your car, hence the repossession.
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..
The repossession stays on your credit report for 7 years.
Repossession is when something is returned to its original owner. An example would be when a car payment is not made, and the owner of the car's title repossesses (takes back) the car.
Contact the lender, in person if possible. Have a written estimate of the damage done by the repossession company. See what the lender has to say about the damage to their vehicle, which until you pay off the loan they jointly own with you. Communicate with them and I am sure this can be worked out. Remember this would never have happened if you had not missed a payment. So keep that in mind. They still should not have damaged your car, but things happen.
Make your car payments.
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.
IF they damaged your lawn, they will have to repair the damage. Fix the car if they broke it. beyond that, your attorney will advise you.
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.