More than likely the court will approve judgment papers to the lender. The judgment will show on your credit report making it hard for you to get credit later. Also if you own a house, and try to sell it later, this judgment will get settled or paid at the closing. Not to mention that if you have a job, they can send a wage assignment to your work, so you will be paying thru your paycheck. (And it may not be a pretty sight--what you will actually net when the money is taken out.)The judgment will have to be paid sooner or later.
Best you go to court now and plead your case.
Get an attorney, if you don't, make sure you have all your paper work when you go. Any legal papers, any letters, cancelled checks or money order receipts, any scrap of paper that will help you convince a judge that you had good reason not to pay or they had no good reason to repo in other words you made the payments but they repoed anyway.Good Luck
they will repo it
When you dont pay your payments on something
i dont think that i can
It will be reported stolen.
No, they sure don't.
No. You have to take it to court now. Did they not pay you?
yes if they have not got the viechel in there name if so ur stuck but not there name get a court order if they dont give u it back get the cops to arest them
then they take your car and repo it.
The car will be sold. You are then responsible for the difference in what it sells for and the balance on the loan. You credit is then also ruined for seven years.AnswerI do repos. The creditor will sell the car and sue you for the difference and they will not try to get the most out of it. however in order to get a judgment on you they first have to have you served by a sherriff to court. but if you do not answer the door you can't be served. and if you get served the creditor must not breach the peace and has to send you a certified letter to your last known address giving you 10 days to recover your vehicle and or pick up your personals. if they do not then it is concidered an illegal repocession. and can be thrown out of court. this has worked for several debtors i know of after repo.
when repo man repossess the car and was in an accident before you can get it back, what happens
The lender can sue you in court and obtain a judgment lien. It can use that lien to sieze any other property you have to satisfy your car debt.
You would call the court that issues such "replevins" and ask them. What does it matter if a court order has been issued?? You will return the car ASAP, wont you? no just asking it sound like u are for the repo man
No you cannot.They can after a lengthy court process force you to turn over the vehicle but it never happens....if it did you see the countless repo posters citing the case here.
No. The repossession agency/agent can obtain a replevin order to be served on the person to whom the vehicle is registered and if said person(s) do not comply they can be held in contempt of a court order.
Only a prosecuter can prosectute. It is legal to repo a car from anywhere as long as they dont "breach the peace" to get to it. That is, they cant break & enter or physically move you out of the way.
You can be arrested.
Repossession is what is commonly thought of as a "REPO". A self-help repo is permitted by most states. "Writ of Replevin" is the other legal option that a few states require to do the same thing. The state makes money by requiring the Replevin. BOTH have the same effect on your credit. A repo is where a lender contacts someone to pick up the vehicle. You, at that time, do NOT have to surrender the vehicle. A "Writ of Replevin" is where the lender gets a court order signed by a judge for you to surrender the vehicle. It will be served by a Sheriff's officer, with the repo man in tow, and you will then have to let them take the car. Otherwise, you are in contempt and it is not worth it to defy a court order. That is the only time you have to surrender the vehicle.
Supreme Court of Comedy - 2008 Wake Me Up Before You Repo 1-7 was released on: USA: May 2008
If the bank made a mistake they will return the vehicle to you, the repo company is under a hold harmless and work the accounts the banks give them.
I am a repo-Woman. If you purchased your car from a car lot, the car lot keeps a copy to the keys in case they need to reposess the car in the future when you dont pay. The repo-person can also get a key to the car from a dealer, such as GMC, etc. Or they can have a blank key, that accesses any car. If they dont have a key, they can tow it without a key. Pay for your car and you dont have to worry about it, :O)
I would imagine there is. Lease is somewhat like a loan and I am sure there is a clause in there for repo, you are still the signer and anything that happens will fall on you to pay.