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Truck was repossessed and is being reinstating The lender charges a repo fee Can the CA repo company charge a storage fee someone at the lender said there should be ten day grace period?
Wiki User
∙ 10y ago
The repo company can charge a storage fee for any personal items that were in the truck. If the lender is outside CA, they may not be as familiar with CA repossession law as could be hoped, so you shouldn't rely on what "somebody" there told you.
If you feel that the repo company is acting illegally, you should notify the CA Department of Consumer Affairs' Consumer Information Center by calling 1-(800) 952-5210 and requesting a complaint form.
Wiki User
∙ 10y ago
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Can a company that is not a finance company charge interest and finance charges to someone it has lent money?
Yes.
You were in an accident with someone with a full coverage you paid his 500 deductible and his company wants you to pay the repair charges How come?
You were in an accident with someone with a full coverage you paid his 500 dollars deductible and his company wants you to pay the repair charges How come?
What is surrendering your vehicle mean?
Surrendering a vehicle, in a financial sense, means that it is being repossessed and it is being given back to the finance company. The company will usually send someone to collect the vehicle.
Where can one find info about reinstating?
The definition of the word reinstating is to restore someone or something to their or its former position. If one wishes to be reinstated or have something reinstated then it would depend on what it was to decide upon where one should look to find the information.
If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?
Usually when your vehicle is repossessed it is auctioned off and the proceeds are applied to the balance of the loan after any commissions, fees or other charges are deducted. You are then responsible for the remaining balance.
Can a car be repossessed because someone is borrowing it?
I wanted to add to my original question...Our car was repossessed by the finance company because they said they found out someone else was using the car because of car payments being sent from a different address. AND, they stated that they wanted to see the condition of the car. I thought a car would only be repossessed if you were late on payments? I have never heard of this, so I don't know what is going on.
Can a transfer of responsibility be made after car is repossessed?
No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.
Will sending a finance company a cease and desist letter allow someone to keep a car?
No. A C&D letter is simply a request to cease contact. The vehicle can legally, and probably will be repossessed.
Where do you report someone for using your credit card?
You can go to the credit card company if you need evidence, they can help you track the charges. Then you go to the police.
You owe money on a repossessed car but the car was refinanced to someone else do you still owe?
I believe you would owe the difference. If you owed 10,000 on the vehicle and it was repossessed and someone else bought it for 8,000 you would owe 2,000.
How do you get your car back legally from the people who bought it?
It depends on what you mean. Do you mean from someone (a third party) who purchased your car from the finance company after the finance company repossessed it from you? If so, there's not really too much you can do other than find the person and make them and offer.
How do you use the sentence he had?
He had seven cars, but the bank repossessed five of them. He had a cookie, but someone ate it.
