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If your car was repossessed does the car loan company have the right to put a hold on your bank account then over draft it?

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2005-09-19 19:00:30
2005-09-19 19:00:30

no the only thing they can do is take it out of your paycheck. Even In New York State

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Most lienholders will allow you to bring your account current and get your vehicle back - but only after you pay the fee for the repossession and you may also have to pay the repossession company for storage.

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The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).

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on the lower section of the check, in the MICR encoding area, to the right of the routing number and account number. It can also be preprinted on the check, located on right side upper corner

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Nope, unless your bank is the one you have your credit card with and even then if you send in writing to the company a request to contact you before debiting your account for a disputed charge to your account. Hope that helps.

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Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.

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In that case there would be no one with the right of repossession.

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That is not a right of the user of an account. You can create an account and do not have a right to delete the account you create.

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You can find out your own balance - by contacting the company concerned and verifying your identity by answering their security questions. You have no legal right to the details of anyone else's account !

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The order of repossession is their authorization to enter the car. If your car is being repossessed, it means there's a lien on it, and the lienholder called for the repossession to be carried out. You don't own the car - the lienholder does, until you pay off the lienholder and they relinquish the title to you. So yes, that tow company doing the repossession has every right to enter the vehicle they're repossessing.

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No. The moment they start deducting PF from your account, they are bound to disclose the PF account number to the employee. It is our right to know where our money is being deposited.

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right after wrestlemania 26.

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As long as there is a lien on the vehicle the lienholder has the right to repossess the property

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You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.

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If it is an e-mail account provided and hosted by the company in question, the answer is likely yes, and you probably had to agree to it by signing a waver when you received the e-mail account.

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The card is linked to the bank account registered when you first applied for it. Even if the card IS just in your name - it makes NO difference to the card company - so long as they get the money you owe them ! They have a legal right to debit the bank account you registered with them until the debt is repaid.

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No. It is a massive breach of privacy and quite illegal for any person to do so.Another PerspectiveIf the company complies with a request, and if the adult is the account owner and you are a minor, then they have the right to any account information.

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Right side of a T account is the credit side. http://www.taccount.info

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If they take the money then yes however they have the right to refuse the payment since you are in violation of the loan agreement.

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Banks often keep repossessed vehicles in their parking garages. or in an appropriate storage area a reasonable distance from the bank. Walk into the bank and ask for the person in-charge of repossessed vehicles. Once onto the right department, state that you wish to purchase a particular repossessed vehicle when the title has cleared with the bank...and don't be intimidated into thinking you can't bargain, you can. Good luck.

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After a repo you have the right to get your belongs out of the car and your tag off the car.

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you need to check first your account and then you get it You will have to take or send it to the loan company. They have the first right to any money from the check to cover the outstanding loan amount.

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To bring in new business into the company. To retain and service old account To create awareness on insurance product to prospect To educate prospect/client on the right insurance policies to be taken


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