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FTC Law States that the vehicle must be held for 15 days. But that is subjected to state laws and as you know are always subject to change. If you have cured the issue with the creditor you may get it back as early as same day or next day. Also worth noting is that according to FTC the vehicle must be sold between 16 Days and 6 months after repossession and the creditor must inform you of the time and place of auction or sale. But these are also subject to change at anytime and subject to individual state laws and statutes
What else can I help you with?
How long before your vehicle can legally be repossessed?
WE'RE ON OUR WAY!!!!!
How do i report a repossessed bike?
If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.
What hours can a vehicle be repossessed in ga?
any 24 - 7 as long as they find the car they can repo it.
Is there a time limit in which a car can be repossessed?
As long as there is a lien on the vehicle the lienholder has the right to repossess the property
How long does the credit company have to make a claim for repayment on a repossessed vehicle?
Possibly up to 7 years.
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
Can they repossessed the car if you just owe the last payment?
The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.
If creditor has threatened to repossess if a certain amount is not paid and you have paid partial can the vehicle still be repossessed?
As long as the contract is in DEFAULT, the collateral CAN be repossessed. One dollar or one day. Its a GAMBLE you take when you are in default.
How long do collection agencies have to recover debt after a vehicle has been repossessed in the state of New York?
Kiss a fatty naked girl
Can my car be repossessed while its parked in my yard in Virginia?
Yes, repossessions can (and often do) occur on private property. There are limitations imposed on the recovery agents, and they know how to plan accordingly. IMO, better that car (which is actually the lien holder's, which is why it can be repossessed in the first place) be repossessed while you're at home than while you're out in public somewhere and left stranded.
Can a vehicle be reposessed for late fees on the loan?
It depends on how many times you've been late on vehicle payments. Most of the time though as long as you are making a payment of some kind on the loan your vehicle will not be repossessed.
How long does a person have to retrieve their vehicle after its been repossessed in Alabama?
In Alabama, a person typically has 10 days to retrieve their vehicle after it has been repossessed. This period allows the owner to pay off the outstanding debt and any associated fees to reclaim the vehicle. After this timeframe, the lender may sell the vehicle at auction. It's advisable for the vehicle owner to contact the lender promptly to understand the specific terms and conditions surrounding the repossession.
