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What else can I help you with?
Who is responsible for damage to a vehicle during a repossession?
the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.
If you have a car repoed in South Carolina do you have to pay the remaining balance of the loan?
Yes. Additionally, you will be responsible for any late fees, repossession fees, storage fees, transportation fees, and legal fees and court cost incurred during the repossession process.
When the lender contracts out for the a rept to a CA repo agent and that party contracts to a 2nd party Texas agent to complete who is responsible for the damages incurred during the repo?
Regardless of who the agent is that actually repossesses a vehicle the responsibility will remain with the agency that actually accomplished the repossession, however, the Creditor is ultimately responsible for the actions of the agents that they assign an account to. The assigning agency, if they had no actual part in the repossession will probably not be responsible.
Can a repo man wear a bullet proof vest?
Yes, anybody can wear a vest. I'm not sure where this question came from but here in Florida you can't possess a firearm during a repossession.
Who is responsible for damage to your car if a tree falls on the car during an ice storm and you are leasing the house?
your mother
Can a repo agent damage personal propery during a repo?
No, the repossession agency must return your personal property undamaged. Usually you have to go pick it up. If your property is damaged, the agency should have insurance.
Can a payment be made during a repossession?
No. They're not there to collect money, they are there to reposess.
Towing driver damaged car repossessing it so who is responsible?
I’ve actually dealt with something similar around Towing Berala, so I can share what I learned. If a towing driver damages your car while repossessing it, the responsibility usually falls on the towing company or their insurance, not you. Repossession has to be done properly and without causing unnecessary damage. If scratches, dents, or bigger issues show up during the tow, you can file a claim against the towing company. They’re required to carry insurance for exactly these situations. That being said, you’ll want to document everything – photos, videos, and even witness accounts if possible. It helps when dealing with the company or if you need to take it further legally. In short, the towing company handling the Towing Berala job is responsible for any damage caused during the repossession, not the car owner.
Do you have to keep insurance on a repossessed car in Florida?
Yes, in Florida, if your car has been repossessed, you are still typically required to maintain insurance coverage on it until it is sold or returned to the lender. This is because you remain financially responsible for the vehicle, and having insurance helps protect against potential damages or liabilities. If you fail to maintain coverage, you could be held liable for any damages that occur during the repossession process. Always check with your lender for specific requirements regarding insurance.
What can you do if there is damage to your car from being towed backward on the drivetrain during a repossession in Ohio?
Unfortunately, not much. The obvious prevention would have been to keep current on the payments. Being towed is just the logicl consequence of the previous actions.
What if repossession agent damages RV or personal property during repossession under Texas law?
Then they're liable for the damages. You need to file a police report immediately.
Is it legal to carry pepper spray during a repossession act in Florida?
Pepper spray is not considered to be a prohibitted weapon under FL statute. Per The 2008 Florida Statutes - 790.01 Carrying concealed weapons.-- (4) It is not a violation of this section for a person to carry for purposes of lawful self-defense, in a concealed manner: (a) A self-defense chemical spray. http://www.SelfDefenseProductsFlorida.com
