http://www.interstatesocal.com/Interstate.htm PIRATE AUTO RECOVERY, INC RA 1297 603 B East University Dr, PMB 287 Los Angeles Phone : 310.532.3772 Fax : 310.532.3734 call CALR for refernces to more companies John Heinkel Talon Auto Adjusters San Diego (619) 588-5036 Any person who engages in repossession activity (other than a licensed repossessor), Is guilty of a misdemeanor which is punishable by a fine of $5000 or by imprisonment in the County jail for not more than one year, or both. [B & P 7502.1(a)] Any person in possession of collateral who conceals property with the intent to defraud a creditor may be guilty of a felony. [PC 154, 504a or 538]
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
The state doesn't repossess your car - private companies do that on behalf of the lienholder. They don't charge you for private property left in your car when they repossess it - that would be illegal. They charge a "storage fee" for the items they remove from your car. Underhanded, yes, but they can legally do it.
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