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What else can I help you with?
How badly does a voluntary reposession hurt a co-signer's credit?
A repo is a repo is a repo, credit wise.
What are the Ohio reposession laws?
there are no Ohio repo laws aslong as you don't breach the peace. I am a professional repo man
Are consumers sent a right to cure before reposession according to South Carolina law?
No. But after repo they are.
Is it illegal in Maryland to hide a car from repo?
I believe it is illegal to hide anything in any state from reposession.
When does a reposession affect your credit score?
it will be on there as soon as the order gets sent to the repo company, they are the collection agency. after they repo ur car and it gets sold at auction ur credit score will change .
Massachusetts car reposession laws?
I did not recieve a letter stating they were going to repo my jeep they said it was sent more than once but it was not sent certified
What is the judgment law in Louisiana on volunteered reposession?
Vehicles in Louisiana may only be repossessed by vol repo. That is the holder of the car must voluntarily release the vehicle. Repo agents in Louisiana may not engage in self help repossession.
What happens to your credit with a voluntary repossession?
A voluntary reposession reports on your credit report as a loss. The car company with take the car back and credit a portion of the balance which the owner/leaser still needs to pay on. The creditor will place the "voluntary Reposession" on credit bureau. All in all it will be reported as a charge off debt. If the original owner/leaser doesnt pay the remainder he/she can/will be collected from and could face legal action. A repo is a repo voluntary or not. Ruins your credit for 7 years. What generally happens is that it will be reported on your credit as a repossession. When you go for financing on something else, the repo will pop up and the potential lender will call the lender who reported the repo. When they find out it was a voluntary, it may actually lessen some of the blow of having a repo. But, yes, a repo is a repo.
Can reposession company file a claim with your car insurance company to fix preexisting damage?
If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.
Can the repo agent involve the police along with calling and coming to your home in Texas?
NO, in NO state can the repoman LEGALLY involve the police. repossession is a CIVIL matter. Calling and coming to your home?? YES, when you are in DEFAULT, the lender can repo the collateral.
What if you concealed a vehicle that is in reposession?
It depends on the local state laws. Most of the time, nothing unless the repo agent finds it or the court issues an order for the person release the vehicle to the agent.
Car was repossessed with you sitting in it and it was in your backyard and cops were called by repo man to make you get out of the car is that considered breach of peace?
YES! reposession is a civil matter, reposession men have been sued over cases like this and lost. He should have approched you and stated he's there to repo the car because your behind on payments and if you declined, he should have left and came back later to get the car.
