call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
Don't understand what you mean by the phrase, "...voluntary have it returned..." However, as long as the primary indebted party is current in their payments there would be no reason for the loan company to contact you for payments.
You being arrested has no bearing on your loan. As long as you make the payments on time there will be no repossession. The loan company does not care if you are in jail as long as they get their money.
If it drives, take it to the finance company and hand them the keys.
Your question is too vague. If you are asking what defense do you have against a repo company if your payments are behind and they came and picked up your car without breaking the law, then nothing. If your payments are current and there is no legitimate repossession order, then they stole the car. There are too many variables to answer this question accurately.
not normally the contract is with yourself, not them
Typically when it comes to car repossession, a customer has to worry about their car being taken when they have missed three payments. Sometimes repossession can be held off by just contacting the company and reassuring them they will get their money.
Of course the best way to avoid repossession is to stay current with your payments. If that is not possible, don't just ignore it. Call you bank or loan company and explain the problem. Quite often you can reach an agreement that will forestall repossession.
In most states, you will owe whats left owing after the ins. co. pays.
Your best bet would be to pay your payments to stop the repo and make contact with your finance company.
If guess you mean "refinance" when you say "reprocess", the answer is repossession. Loans in DEFAULT are subject to repossession of the collateral and payment of the balance owed by voluntary or legal means.
One payment may not be enough to stop the progress of the repossession proceedings. You need to communicate with the mortgage company and arrange to make regular payments.
In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.
There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.
If you call the Bank; Finance Company and let them know that you are going to return the vehicle to them. They tell you where you can drop the vehicle off and you deliver it to that place. That is a voluntary repossession. The only other thing would be if the Bank; Finance Company agrees to pick the vehicle up at your residence at no charge.
The repossession laws will vary with each city/state. A title loan company can't repo a car if the payment is not yet due unless the car is behind on payments.
If you are unable to make the payments on your automobile, you need to contact the company that loaned the money to buy it. They are the ones that you need to work with on the voluntary repossession. You will have convince them that the car is worth the amount you owe. You have to understand that if they can't get the balance of the debt from the sale of the car, you will still have to pay the difference. In most situations, you would be better off to try to sell it on your own, because you would probably get more than the lender would.
only a drivers license
It depends on the locality. In this state, no. A finance company can send out a repo agent at any time if the customer's payments are past due, and the police are not (normally) involved.
There are no Statue of limitations on repossession orders given to repo companies. Payments to the finance company can be squashed easily as going into bankruptcy!
In Canada or the United States a Repossession Agent usually works for a car company, a boat company or anything that costs a lot of money and the person who owns is is in default of their payments. These people at great risk go out on the streets, find whatever it is that they are sent to reprocess and take it back for a percentage of what the thing is that they just reprocessed is valued at.
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
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.
If it was a wrongful repossession, get an attorney and they will get a copy of it. Otherwise, what could you possibly do with it?