In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.
I have a welding machine on the truck they repossessed can they keep that?
Most likely not depending on what financial situation you're in.
yes
A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.
Yes.
no!
The car can only be repossessed from a locked garage if the car is spotted in the garage from a window or a crack, but the repo company cannot enter the garage if the car was not visibly spotted.
if i get my car repossessed, can they put a llien on the house?
YES, they have to get your Personal Property out to inventory it and store it until you pick it up.
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
No, but your car can be repossessed if you don't make the payments.
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
Yes, TVs can be repossessed in Texas. The television that is purchased on a rent-to-own plan or that is in the process of payments for ownership can be repossessed if those payments are not made in a timely manner.
No.
if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed
Check out this link: http://www.texascollections.com/collecting_judgments.htm
When a car has been repossessed the person paying the insurance should cancel it.