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There is a need for repossession agents all across the country. Many insurance companies, banks and car dealers hire repossession agents as well as other places like farm equipment companies.

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10y ago

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Can a creditor refuse a voluntary repossession and still demand payments?

yes, as this would make it easier to obtain a judgment and/or wage garnishment for whatever is owed.


Can you be forced to pay the balance due on a repossession from 1986?

Demand VERIFICATION of the debt. Dont say or do anything until you have verification in your hand. THEN you can prceed to make a plan. Someone somewhere had to have gotten a JUDGEMENT against your husband for the balance owing. The judgment has to be in effect for them to try to collect.


Can the bank send someone to your house if you have not paid your car note and tell you that you could go to jail?

If you are delinquent on your car note, and the lender has ordered repossession of the car, a repossession agent may come to your home or place of work and demand you surrender the vehicle. If you refuse, or attempt to hide the vehicle, you could, in some states be held criminally liable. The lender could pursue criminal charges against you for hindering their efforts to recover their property. You see, when you contract to make payments on a car, you do not own it, the lender does. You are in essence paying to use the car until the loan is paid in full.


What is demand and law of demand?

The law of demand is that when you demand something you MUST say please and thank you, it's the law.


Importance of demand analysis?

Analysis of demand is a methodology under which we analyze the influences of the determinants of demand on demand itself. It is important because the demand determines the sustainability and expansion of business

Related Questions

Are insurance agents high in demand?

Yes; the demand for insurance agents is expected to continue to increase in the future, based on the increase in variety of products. In addition, growing population leads to an increase in demand for various types of insurance.


What is a ten day demand letter in repossession?

You have ten days to bring your account current or action to repossess the item will begin.


Should you send a 10-day demand letter after repossession and if so where can a sample letter be found?

Ga UCC Sec 9


What is the demand for secret service agents?

Pretty high I keep accidentally setting them alight.


When can a vehicle legally be repossessed?

In Florida, they have to send you a demand letter, once that demand letter expired(30 days) and you didn't contact the the bank to make payment arrangements, they assigned your loan/car for repossession.


Can a bank do a repossession and charge off on your car and also demand payment of balance after selling the repossessed car?

YES, its an accounting thing. READ your contract.


Can a creditor refuse a voluntary repossession and still demand payments?

yes, as this would make it easier to obtain a judgment and/or wage garnishment for whatever is owed.


In demand jobs in the Philippines?

call centersindustry jobs


How do personal choices factor into the economic decision?

Personal preferences determine demand amongst economic agents.


How can a car repossession be on your credit report when your car was not repossessed?

By mistake. Waste no time contacting the credit reporting companies, and demand that this entry be removed from your credit report.


How do you evaluate the demand of foreign customers and satisfy them?

if anyone find then plz share


What do you do if your car got repossessed when it wasnt supposed to?

If it truly was a wrongful repossession, call local law enforcement and report the vehicle stolen. If they notify you that it was repossessed, inform them that it was a wrongful repossession. Next, contact the lender and demand politlely that they notify the repossession agency that the vehicle was wrongfully repossessed. You might even, still politely, suggest some sort of compensation for you inconvience. Also ask for the contact number of the repossession agency. Call them and notify them also of the wrongful repossession. Suggest also to them some sort of compensation for your incovenience. Vehicles that are wrongfully repoed must be returned as soon as possible and in the same condition as when taken. If there is damage, the lender and the repossession agency are liable. If you are not satisfied with how quickly your vehicle is being returned, push the auto theft charges.