0
What else can I help you with?
What is the definition of repossession?
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.
Do you call the finance company or just take the car to the dealer if you want to do a voluntary repossession and do you need to inform the finance company you're taking it back or will the dealer?
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
Vehicle you recovered and the owner has given it back to the finance company are they responsible for storage and recovery costs?
Depending on your contract with the lender or repossession forwarding company, they could be responsible for the storage fees and recovery costs. Ultimately the car's owner is responsible. If the fees have not been paid and you feel they will not be, and you have not released the vehicle yet, do not release it. The vehicle is the only security you have against payment.
Can a repossession company hook up a car to the back of the tow truck with people sitting in it?
No, a repossession company cannot legally hook up a car to a tow truck while people are still sitting inside it. This practice poses significant safety risks and can lead to legal consequences for the repossession company. It's important for repossession agents to ensure that vehicles are unoccupied before towing to avoid potential harm and liability issues.
Can a repossession company remove your car from your garage because the boyfriend wants it back?
It depends if the car is in your name or his. If it is in his name, then yes.
What is the use of owner in accounting?
The owner can invest money in the company and withdrawal money from a company. They have what is called equity. Equity is built by putting time money and effort into the company which entitles the owner to get money back from the company when it is able to do so.
Can a repossession still be reported to your credit if the company has since sold the car?
Yes, because reguardless of what the company did after they took back the car, the fact still remains that it was repossesed.
What is special about the Repo Truck company?
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.
Can a coowner report a car in repossession stolen inn Vegas?
No. Namely, because the car wasn't stolen - it was taken back by the rightful owner (the financier), via a repossession agent. It's not the financier's fault - nor the repo agent's - that you neglected to make your payments.
Can you get your car back after a repossession if you file chapter 13 bankruptcy?
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
If your car is repossessed are you entitled to the right to bring your past due current?
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.
What is a repossession agent?
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.
