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to the home of the person who can't pay for his car.
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∙ 14y ago
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Can a creditor reposses your vehicle if you have the automobile and the title?
Yes, IF the lender has a contract specifing the car as collateral for the loan. Once you use the car for collateral, all the titles in the world wont stop the repo if you default the loan.
Can the car lender reposses the car because of bankruptcy 7?
A creditor cannot reposses a car without BK court approval (i.e. relief from the automatyic stay). However, if you do not keep paying the car loan, a BK will allow a creditor to reposses the car.
Can they reposses your second car for the first defaulted car?
no
How do you reposses a car if you do not know where it is?
You search for it.
If you get a cash loan against your car title can the lender reposses your car?
You DON'T have the title if you have used as collateral, remember, you signed it over to the them.....Yes, they can get the vehicle
After 15 days can a company reposses your car?
can a finance company reposses your vehicle if you made your payment on the15 day
How long does it take for a repo of a vehicle once the account goes to the repo dept?
It can happen as soon as they find the car. Sometimes within hours.
How do you reposses a car belonging to you?
Put key in, start car & drive away.
How much does it cost a dealership to pay a repo company to repo your car?
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.
Can you be arrested if you haven't made a car payment in 6 months and it stays on your credit and is it safe to drive your car around?
Failing to repay money that you owe is not a crime. The lender can reposses your car and/or sue you, but you won't be arrested. If you drive the car around, the only real risk is that the repo man might find it and leave you stranded.
Can repo men come in your garage?
Yes In most places hiding the car from the repo man is illegal. If he is sure the car is in there he can enter a storage place and reposes the car. But he is not allowed to intimidate or do violence to the person or property damage to make the repossession.
Can the Bank repo your car after 4 years of payments?
Yes. In most cases if you fail to pay after 52 days, the bank has the right to reposses your casa. But if you have been a good costumer with on time payments and call the financial institution they can work something out.
