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In Georgia should you do a voluntary repossession or just repossession?
The second to last sentence should read - Never will a voluntary repossession cost you MORE than a forced repossession. A repo is a repo. Voluntary Repos will, in most cases, save you money due to the cut in fees associated with the repossession. In some cases these fees will not be any less and the cost of a voluntary repo and the cost of a forced repo are the same. Never will a voluntary repossession cost you less than a forced repossession. Either way, voluntary repossession is the decision I would make, due to the possibility of a lesser cost.
What determines how much a repossession agent gets paid?
The repo agent determines it. Same as you determine how much you get paid. the more you want to make , the better you are at your job.
Does voluntary repossession hurt your credit?
YES, on a CR, a repo is a repo.
What is the expansion of Repo Rate?
repossession
What paperwork does a vehicle repossession man have to have with him at the time of the repo?
Not much really, he just has to make sure it's the right vehicle and that the bank has done THEIR paperwork.
If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?
A repo is a repo is a repo.
What is the difference between voluntary repossession and regular repossession and the pros and cons with it?
Neither are good. Call the lender and work something out. a repo is a repo by any standard ,they will sell the unit and go after you for the deficiency no matter what.it will be on your credit as a repo. You will not have to pay the towing and fees associated with the repo. That is the only difference.
What to say when you want to do a car repossession?
If you are giving up your own car for repo then you tell who you financed the car with you want a voluntary repossession. It still looks bad on your credit, but not as bad as a regular repo does
How long does a voluntary repossession stay on your credit report?
For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
How can Ifind out how much your car sold for after repo at the auction?
Contact the lender or the repossession agency in writing and request a copy of the report of sale.
How can you stop a repossession of a car in Mississippi?
Your best bet would be to pay your payments to stop the repo and make contact with your finance company.
Does the bank have to provide notification of a vehicle repossession?
No. And neither does the repo man!
