Yes, this is the common reason for repossession. It is in fact the primary reason for the existence of repossession agencies and repossession forwarding companies. It is also the reason the vehicle was used to secure the loan in the first place.
No they can't. It is strictly a service to recover vehicles that have been reported stolen.
Late fees can be incurred for utilities payments that are not made on time. These terms will vary depending on what utility company is used, and they should be contacted to learn what late fees and penalties they charge.
Resort Fees, Late checkout Fees and Office Room used for official business (when authorized)
resort fees, late checkout fees and office room(s) used for official business, when authorized
Yes, and many people do object to their vehicles being repossessed, before and after the repossession. Unfortunately, your objection will have little effect. If you are delinquent or in default on your loan, and the vehicle was used to secure the loan, the vehicle will be repossessed. There are few legal options available to you to avoid this aside from paying the loan current.
There is a site called auto.com where you can sell your vehicle as a private seller. The problem with this is that when you sell the vehicle there is a fee for the ad and additional fees for the final listing fees.
Yes.
The lender can sue for the amount of the loan (including interest and late fees), and any legal fees (such as court filing fees and attorney's fees). They COULD garnish wages and repo any collateral used to "get" the loan.
In Oklahoma, you typically have 30 days from the date of purchase to tag a used vehicle bought from an individual. You will need to complete the title transfer process, which includes submitting the necessary documents to the Oklahoma Tax Commission or your local tag agency. It's advisable to handle this as soon as possible to avoid any late fees or penalties.
Credit card debt negotiation can be used to dispute any unauthorized fees and charges. It can also be used to negotiate terms (such as interest fees, late payments) and lower one's assumed debt.
Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.