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What can you do if your car was repossessed after two payments in the preceding months were never posted to your account yet the checks were cashed the repo guy called and impersonated a police office?
Wiki User
∙ 17y ago
If you have met all the terms of your loan including insurance etc. then you have excellent grounds for a lawsuit.Impersonating a police officer is illegal under any circumstances and you should contact the local police and file a report against the repo co. and contact your states attorney general office.Remember to include the lender in both reports because this repo-moron is their agent so they are responsible as well.
Wiki User
∙ 17y ago
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Can a car creditor who repossessed a car take money out of your bank without permission?
No one can take money out of your account without a court order. The exception being payments to the bank itself for administration purposes or penalties. These, however, would be set out in the initial contract.
A car was repossessed on the 13th and 3 days later you received a check for the amount of the payment you made 2 weeks earlier. The check was dated on the 13th the same day as the repo Is this legal?
Yes. They blocked your account from payments while the car was being looked for.
How long paid delinquencies remain on your credit?
A delinquency usually refers to an account with late payments. The late payments report on the account for 7 years.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
Can RBS credit card payments be made online?
Yes RBS credit card payments can be made online. Simply link your payment account to your checking account. RBS's website will give you step by step instructions on how to do this.
My car was not repossessed but the account was charged off what can happen?
Will be repossessed, be patient. You either pay off, or pay off. No longer able to make payments. They will repossess the car and sue for the difference. Sorry.
What does adverse accounts mean?
An Adverse account means a delinquent account. An account that has not received on time monthly payments, or payments at all.
What is usually the largest single account in the overall balance of payments?
The largest single account in the overall balance of payments is, for most countries, the current account.
Can a car creditor who repossessed a car take money out of your bank without permission?
No one can take money out of your account without a court order. The exception being payments to the bank itself for administration purposes or penalties. These, however, would be set out in the initial contract.
A car was repossessed on the 13th and 3 days later you received a check for the amount of the payment you made 2 weeks earlier. The check was dated on the 13th the same day as the repo Is this legal?
Yes. They blocked your account from payments while the car was being looked for.
How can you receive online payments without a bank account?
Online payments must go to a bank account. Using a routing number for the bank being used and the account for which it is being placed.
How long paid delinquencies remain on your credit?
A delinquency usually refers to an account with late payments. The late payments report on the account for 7 years.
Difference between income and expenditure account and p and l account?
Differences Between Receipts And Payments Account And Income And Expenditure AccountThe following are the main differences between receipts and payments account and income and expenditure account: 1. NatureReceipts and payments account is a summary of cash transactions for a period and it is a real account. Income and expenditure account is a summary of expenditure and income like trading and profit and loss account and it is a nominal account.2. ObjectiveReceipts and payments account is prepared to show cash and bank receipts and payments during the period to derive closing balance of cash and bank. Income and expenditure account is prepared to show the net result of the operation during the period to derive surplus or deficit.3. RecordingAll cash and cheque receipts are recorded on debit side of receipts and payments account where as all cash and bank payments are recorded on credit side. In income and expenditure account all expenditure of revenue nature are recorded on debit side and all incomes of revenue nature are recorded on credit side.4. Capital And Revenue ItemsThere is no distinction between capital and revenue receipts and payments in receipts and payments account. All expenses and incomes of revenue nature are recorded on accrual basis in income and expenditure account.5. ContentsReceipts and payments account contains only cash and bank transactions. Income and expenditure account contains both cash and non-cash expenses and incomes of revenue nature.6. Balance Sheet RequirementReceipts and payments account is not required to prepare balance sheet. Income and expenditure account is required to prepare balance sheet.7. AdjustmentsNo adjustments are required in receipts and payments account. In income and expenditure account adjustments are made because it is prepared on accrual basis.
The part of the balance of payments account that lists all long-term flows of payments is called?
Balance of payments is a method that is used to monitor international monetary transactions over a specific period of time. The long term flows of payments is part of the current account.
Can you make payments to a creditor who froze your bank account?
Payments can be made from out of the frozen accounts simply by authorizing the bank to transfer the money in the frozen account directly to the creditor.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
If your car is about to be repossessed is it too late to make your account current with the creditors?
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.
