Best Answer

First question is, was there a repo? Was the car NOT worth repoing? The lender doesnt have to retrieve the car on any certain day. You still have the option of paying off the loan.

User Avatar

Wiki User

โˆ™ 2004-08-15 09:12:10
This answer is:
User Avatar
Study guides


26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

See all cards
3 Reviews

Add your answer:

Earn +20 pts
Q: What do you do if a lienholder has put a repossession on your credit report without retrieving the car with the damage already done to your credit?
Write your answer...
Still have questions?
magnify glass
Related questions

Can a car that's repossessed be entered by towing company without authorization?

The order of repossession is their authorization to enter the car. If your car is being repossessed, it means there's a lien on it, and the lienholder called for the repossession to be carried out. You don't own the car - the lienholder does, until you pay off the lienholder and they relinquish the title to you. So yes, that tow company doing the repossession has every right to enter the vehicle they're repossessing.

If your car is going to be repossessed is it legal for you to sell it before the actual repossession?

Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.

In the state of Wisconsin can a car company repossess your car without a written notification and contacting the police?

All repossessions in the state of Wisconsin must have a valid repossession order, however police notification is not necessary. If your vehicle has been recovered by the lienholder, you may not receive the repossession notification immediately.

Can you legally repossess your car with a lien on the title?

That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.

I have a car for 2 yrs now and is not fully paid but i want to return it will returning it affect my credit?

You can't just "return" a car. You can surrender it to the lienholder. This is called a voluntary repossession, and yes, it will affect your credit ... it's still a repossession, even though it was voluntary.What you could do without negatively affecting your credit is sell it or trade it in.

Can a vehicle that is without a lienholder be repossessed by a company before a lien is filed?


What are the requirements in Iowa for becoming a repossession agent? I dont see any other requirements, but you double check to be sure. Just a business liscense and pay your taxes. LOL SECURITY INTERESTS: Shown on title held by lienholder. LICENSE REGISTRATION: Iowa Office of Vehicle Registration, P.O. Box 9278, Des Moines, Iowa 50306. Tel: (515) 237-3077. RECOVERY REQUIREMENT: After Twenty Day Right To Cure Letter from lienholder to debtor, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Title, Affidavit of Repossession. Do not release lien on title. PLATES: Remain with the debtor.

Can someone repossess a car without filing for repossession?


At what point can the sheriffs office assist in repossession?

The sheriff's office can't act without a court order. This is not especially difficult to obtain if the lienholder can show that the lessee (the person who obtained the loan for the property) has defaulted on the loan contract by not making their required payments. Once the judgment has been issued by the court, the lienholder can request the sheriff's office to assist in repossession. The sheriff's office may charge a fee for this service.Another View: Define "assist." If the SO receives a court order to "assist" in the repossession, that is what they will do. . . ASSIST. They will not physically remove the items by force of arms, or tow a vehicle, nor will they assist in hauling out the lienholders belongings, or the items referred to in the order.They will be present only to ensure that no breach of the peace takes place. PERIOD

How long is the statute of limitations on repo cars in the state of Missouri?

Not sure what yoou are asking so TITLE STATE: 1975 and subsequent years. SECURITY INTERESTS: Shown on title held by lienholder. LICENSE REGISTRATION: Missouri Motor Vehicle, 301 W. High St., Jefferson City, Missouri 65105. Tel: (573) 751-4509. RECOVERY REQUIREMENT: After Twenty Day Right To Cure Letter from lienholder to debtor, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Affidavit of Repossession, Application for Missouri Title. PLATES: Remain with the debtor.

Is it illegal to sell a vehicle with a lien?

Without a discharge-of-lien or similar document, IN WRITING from the lienholder, yes.

What are the repossession laws in New York?

Repossession without judicial process is allowed if the lender has not breached peace. A lender repossessing an automobile must issue a notice to the borrower, and a lender can sell an item via public auction after repossession.

People also asked