What to do after they repo my car?
The first thing you should do is contact the bank or financial institution. They will USUALLY be willing to make arrangments for payment and as long as you keep those arrangments you will get your car back. Keep in mind however they will most likely require you to pay the repo fees as well as redemption fees. Sometimes they will just roll the fees into the end of the loan so that you dont have to come up with so much money right away ... besides they get to collect intrest on it that way. Once you keep the arrangements with the bank they will issue paperwork to the repo company or auction saying the vehicle can be released and you will get a phone number to call to go pickup the vehicle.
Can you have the repo man get a car that is taken by someone who borrowed it and moved if you only have their drivers license and SSN?
It depends, usually the repo man will come to the dealerships and tell them a price they'll repo a car for. The company I work for charges roughly $150 a car, but if we have to go unusually for to get the car the price goes up accordingly. Like if we have to fly out of state to get a car the dealership pays for the plane ticket plus a few hundred.
If a car is repossessed and you pay the balance after they sell the car do they remove the Repo in your credit report?
If you bought a car in Virginia and can no longer afford it can you do a voluntary repo and not have your wages garnished?
A repo is a repo, voluntary or not. Do not do a voluntary repo or any other repo. Terrible idea!!! Call the lender and work something out. See if you can find someone to take over the payments or possible sell the car to another part and pay off the loan. If you are upside down on the loan, then sell the car and borrow the balance to pay it off. Having your car reposed…
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
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…