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They'll typically keep looking. Thing of it is, if someone's going to be so intent in trying to hold onto a vehicle, they don't do it because they want to just leave it sitting and not use it at all. They're going to drive it sooner or later. Which, dependent on the effort and resources the lienholder is willing to put into stalking the vehicle out, may lead to us either waiting for the lessee to get cocky thinking they're out of the woods (which they all do, eventually) or they can have us file a stolen property report (a bit less desirable of an option for the lienholder), or they can take the lessee to court. If they're trying to collect your 15 year-old Escort that you owe a couple thousand on, they'll probably just hit your credit report and make it difficult for you to take out a loan in the future. There comes a point when collecting what they're owed just isn't worth the hardships of collecting it.
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What happens if you get your car repossessed?
if i get my car repossessed, can they put a llien on the house?
Can a car be repossessed if it is left behind a closed garage?
No, it cant.
What happens if the creditor cant find the car to reposs it?
It gets reported stolen.
Can car be repossessed with 2 payments left?
yep....pay it off so they cant
Is there a time of the day your car cant be repossessed?
No u can get ur car repossed any day and any time.
How do you find out who repossed your car?
The lender who holds the note on your car, is the one that repossessed your car.
What happens when a car is repossessed and you are the cosigner?
You will also be liable for any deficiency balance
What happens to your credit after a car is repossessed?
Normally your credit is ruined for 7 years.
What happens when you have a car loan and you cant pay it?
It gets repossessed. You can contact the lender and see if they will do a voluntary repossession where you give them the car or they will at some point do an involuntary where the repo man shows up and takes the car. Answer Wash the car and show up at the dealership. Get a ride home.
How do you find out what price your repossessed car was sold for?
ASK the lender.
My car was repossessed and they wont give me back the car unless i pay the car off?
that's the point of repossession. you cant pay, they take it away.
How do you find out where your repossessed car is being held?
The local police or the lender can tell you who has the car.
