It might get repossessed.
There is no set limit on the amount that can be charged for a repossession.
Some states have set maximum amounts for repossession fees. The state of Texas,. however has not set a maximum amount on the fee that can be charged for a car repossession.
If you have a repossession then the lawyer fees will be charged to you.
Only if they want to be charged with kidnapping. NO.
No you can not "legally" hide a vehcile being sought for repossession. In most states you can be charged with a felony for hiding one.
Yes
You could be charged with aggravated assault.
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
It means the lender wrote off the interest they DIDNT get from the debtor. Its just an accounting term.
No. Not if the circumstances are as simple as stated. Repossession is a civil law procedure, not involving criminal law -UNLESS- the vehicle HAD already been re-possessed and you went and took it back from the repossession impound lot, or the repossession agent or the bank. If it had already been taken and impounded then, yes, you could be charged with auto theft.
The usual procedure is to contact the creditor by phone, and follow up the phone contact with written correspondence outlining the terms that were agreed upon. You can find a sample letter of that type of creditor/debtor correspondence at http://www.fair-debt-collection-com