An INVENTORY fee is allowed. The lender or repo person is not entitled to your personal property it is yours they should not charge you for it.Repo guys often charge illegal fees to make more money.If they won't give you your p.p. call the cops then fill out a stolen report and sue the lender not the repo guy he is a chimp for the bank.
The repo company will remove personal items from vehicles they repossess. They'll typically charge a storage fee for you to retrieve those items.
Yes. The trailer is considered personal property, much like that rod and real you left in the boat, or the motor that was not part of the loan. You will be permitted to claim your personal property for thirty days after the boat is repossessed. You will be charged for the storage of it though.
They won't repossess it for your license being suspended, but they can repossess it when you fail to make payments, regardless of what the current status of your license is.
They can repossess with any amount owed if unpaid.
No, but the finance company can.
Only if the two loans were "cross-collateralizied".
Just because the company charged off the account, does not mean that they don't want to be paid...so if the car is still assessible...they can repo it. Charged off on your credit means that it is no longer an active paying account..the company took a loss for that amount. A different department, "Profit & Loss" will take over trying to collect any way possible. Sorry.
There are some companies that will repossess kitchen cabinets if they are not paid for. If the cabinets are not paid for then the company can either repossess or take the owner to court.
Yes, the finance company can repossess the car from the body shop. They would likely wait for the car to be fixed before they repossess the car.
It depends on what format the company database is in.
Yes, they will repossess if you have only one payment left.
The rates won't go up; they will cancel your insurance instead. Personal knowledge.
Not Legally, to do so would be called "CONVERSION". In some states, the repo company can charge you a FEE for inventory and stoarge of your PP, but they cannot keep it it you pay the fee. i am in Florida and they said it will cost 200.00 to get my personal belongings,is there a cap?
Only if the tags stay with the car in that state.
i bought a car and the previous owner never paidthe loan off now thereis a company wanting to repossess thecar from me what can l do
No. They can only repossess the power unit they were sent to repossess - they cannot take the trailer. At that point, it's theft. Especially if it's loaded.
It is usually charged by the kilowatt hour which the company gets from reading your meter every month.
The Personal Insurance Company was created in 1974.
Yes, the truck belongs to the bank or finance company, not your personal items in it. Don't wait too long, things have a way of disappearing from vehicles and you have no way of proving something was in there.
No they can not, it does have to be a secured ( that's the key word ) debt