One day soon you will wake up, walk out to your driveway with your travel cup of coffee, and your keys, and you will find that your car is not parked where you left it the night before. You may automatically assume it was stolen, so you will grab your cell phone and dial 911. When the operator answers, she will take your information, pop that into the computer, and transfer your call to another department where you will be told that your vehicle was repossessed.
It is possible that you will take the kids grocery shopping one hot summer night. While at your local Winn Dixie, you will not notice the tow truck that has been tailing you for the past five blocks, crusing the next aisle over. But, when you exit the store with your ice cream melting, and the kids cranky and screaming, you will see your car being towed from the lot by a guy with a Baseball hat in a two truck, smiling and waving at you.
they will repo it
then they take your car and repo it.
Yes. For any amounts not recovered insluding repo costs.
It will be reported stolen.
Yes, afterall, the repo-car is still the legal property of the person who has sent the repo-guy to retrieve it.
when repo man repossess the car and was in an accident before you can get it back, what happens
Repo.......homo
Definitely yes
The car is not yours, it belongs to whoever got the repo company to collect it. They can decide what happens to the car, if they instruct the repo company to break into it, then that's what will happen.
You can be arrested.
Contact the lender they are the ones who call off the repo.
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".