if i moved to another state say Georgia or am going there can
the bank find my car to reposess it>?
Only if your car was lojacked by the manufacturer and the repo company have the details to locate it.
Yes, repo companies can use a cell phone tracking device to locate their car. Most to the time they have chips installed so they can track the car if it is not paid off.
Way too many to mention much the same that a P.I. would use to locate an individual. Did you really think that you would get a repo man to tell you his secrets? Come on. there is many ways. and a repo person will find that car maybe not today but they will find it.
Yes. They repo and sell it for next to nothing. They sue in court and get a jugement that they use to put a lien on your house. Next time buy a cheap car just to get you there and back.
Yes, you can use GPS to repo vehicles. Further, it depends on the state and city, some cities require that you disclose it to the customer. You can find more information about your question at www.GPSAntiTheftSystems.com
Debt collectors will use any means for information to collect their debt.
You may be confused. A repo is an act pursuant to a secured loan, wherein the vehicle is security for the loan. There is no need to use the word "repossession." A repo is only one remedy available to a lender on a secured loan.
Renovo based in IL. Renovo contracts out to smaller tow agencies across the U.S.
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.
Repo is short for repurchase agreement. Those who deal in government securities use repos as a form of overnight borrowing.Short for "repossession". In the case of the show "Operation Repo" they receive notices that someone has fallen behind on car payments and come tow the car until the owner can arrange with the bank to pay them.
Yes! A repo man stole into my locked backyard to install a GPS system when I did not pay on a TITLE LOAN. I noticed him following me over the next two weeks. The repo man stole back into my yard to remove the GPS after two weeks with no repo success. I settled with the CASH STORE for the original loan amount no interest.
brandishing a weapon will result in having the cops called. you may only use a weapon in self defense and getting your car repo'ed is not putting your life in danger.