"Is it a crime not to allow the car to be repossed? YES, its called "Hindering a Secured Creditor". What happens if the bank cannot find the vehicle?": How can they NOT find it?? Cars DONT fall off the face of the earth. Some one somewhere HAS the car. If the debtor doesnt have it, the debtor should report it STOLEN(if they dont know where it is). If they know, they should tell the lender who has it. Simple as pie.
No, it is not a crime as long as there is not a court order in effect.
It is a civil matter, not a criminal matter.
If the vehicle is secured in a locked building, the tow driver can't get the vehicle. You do not have to answer any of his questions, or tell him where the car is. That's legal.
If the lender gets a "Writ of Replevin", a court order, it will be served by a Sheriff's Officer, and that you will have to abide by. If you refuse to surrender the car at that time, you can be aressted for violating that court order.
If there is no court order, you can hide the car all you want and DO NOT have to tell the tow driver anything.
It only becomes a criminal matter if a court order is in effect.
Remember, the repo tow drivers will tell you anything, however they CANNOT threaten you with arrest. That's illegal!
If you cannot produce a "clean title", you cannot sell or trade the vehicle.
In New Jersey, it is the responsibility of the person who registered the vehicle. When the vehicle is repossessed, the person from whom it was taken will be contacted to allow them to pick up their belongings. At this time, they will be given the plates as well as any other personal items left in the vehicle. They can then be returned to the agency.
Yes, in some states. The shop can file a lien against the vehicle, as the rims are now part of the vehicle. Some states only allow them to repossess the rims.
While most creditors will allow you to have your vehicle voluntarily repossessed, some lenders will not accept them. Your best resolution in this case is to contact the finance company and determine why they will not collect the vehicle. Ensure that they are indeed accepting the voluntary repossession. You will still be required to pay the remaining balance unless you are told otherwise.
Depends on the contract you signed and the state that you live in. Some states require a 15 or 20 day Right to Cure letter be sent to the debtor prior to repossession and some states allow the vehicle to be repossessed the day after you miss your payment.
No. A C&D letter is simply a request to cease contact. The vehicle can legally, and probably will be repossessed.
Yes, the business where the vehicle is located must allow the retrieval of personal items from the impounded vehicle, and is required to keep those items secured until they have been returned to the legal owner or the court rules otherwise.
Yes. If you do not make your payments on time, the lender will repossess the vehicle. They could care less that you are on Social Security Disability. Talk to the lender and do not allow your vehicle to be repossessed if at all possible. Explain your situation and see if they can work something out.
Do this and you allow carbon monoxide to enter the passenger compartment of the vehicle. You cannot smell or taste it, but it will be there and it will kill you.
Unlicensed drivers cannot operate a vehicle on private property. The insurance for the vehicle will not allow unlicensed drivers. Most states require every vehicle in operation to be insured.
garnished wages in Texasno the state of Texas does not garnish wages for no debts unless it is IRS related or student loans or anything dealing with government loans.
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.
I believe if you haven't paid in three months they can repossess your vehicle in Utah. *The state does not require a Right To Cure notice be sent to the borrower. The lender may recover the vehicle whenever the contract is in default. UCC laws apply, and the vehicle can be recovered by any means that does not constitute a breach of peace. The plates remain with the borrower/debtor.
No, it is probably not too late. It certainly will help your credit either way. Call them immediately. Do not allow it to be repossessed if at all possible.
To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.
You cannot rent the Oscar Meyer wiener mobile, but you can actually apply to lease the vehicle. There are also several contests each year that allow a person to drive the vehicle for a period of time.
In most states, a car cannot be repossessed unless the seller/creditor obtained a lien on the property to secure it. That lien must be perfected with the state, that is the security information must be recorded with the state. Also, in most states, a right to cure must have been signed by the purchaser to allow the lender to recover the vehicle any time any where. Failing all this, and additional requirements in some states, a private seller cannot legal repossess a vehicle without going through the courts and securing some sort of order such as a replevin.
No In Texas your wages can be garnished by the IRS or Child Support only
If they're mounted already, you won't be allowed to, unless you sucessfully petition the lienholder to allow it.
If your vehicle has been repossesed then your best option is to no longer make payments until this vehicle has been resold; which takes place through an auction. Once vehicle is sold you will receive a final bill for the remaining amount that was left over. The final stage of this process is to settle for 30% or less on the remaining balance.
If it is to be repossessed legally then you are guilty of an offence. The offence and the penalty would depend on the circumstances and the country in which you reside.
You need to contact your lender to see if they will work with you on getting caught up on your back payments. Some state laws allow the lender to require you to pay the vehicle off in full and some state laws require the lender to return the vehicle to you if you can catch up on the amount you are behind. You need to check your state law and contact your lender.
Depends on your bank and what the history is with the loan. They have the option to make you pay the entire amount of the loan. They can also allow you to just bring the loan current along with any other fees to get it back.
Most companies will not allow a minor to purchase an auto policy because they are not a legal adult and an insurance application and policy together make up a legally binding contract. This is also why a vehicle should not be listed as the titled owner of a vehicle. They cannot legally sign documents to purchase or sale a vehicle.
Most major cities in California have large public auto auctions. Public auto auctions allow you to get a repossessed vehicle very cheaply, but is can be risky because you won't know exactly what you are getting until you purchase it.