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What else can I help you with?
What is the meaning of reverse repo rate?
repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks
My car was repo'd and then 2 days later I saw my car with the repo man down the beach. Now it's damaged and the bank says I have to fight it out with the repo co. after I pay to get my car back.?
Thats pretty much what you need to do, If you have pictures of your car at the beach it'd help you out alot! You need to take care of everything with the bank, than go after the repo company
If a repo now shows up on a credit history with 'charge off' does this mean that the balance needs to be paid off even if the repo was two years ago?
Yes it will need to be paid, the good news is the bank will more than likely take a settlement, and only offer to pay them the settlement if the take the repo and chargeoff off your credit, the will play ball!:) for more info on repossessions, you can goto my website at www.stoptheREPOman.com
Why did a charge disappear from my bank account?
A charge may disappear from your bank account if it was a temporary authorization that was later reversed by the merchant, or if there was an error in processing the transaction. It could also be due to a refund or a mistake in the initial charge.
What is repo rate?
the repo rate is the rate that the reserve bank lends money to commercial banks
What is the meaning of reverse repo rate?
repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks
Can both the bank and repo man charge retaking storage repair and sales expenses when you bring your payments current and pick up the car?
"both" the bank and repo man?? NOT that I am aware of. retaking, REPO??? usually charged by lender storage, USUALLY charged by repo co. repair (NOT normally done), sales expenses WHAT did who "SELL"??? READ YOUR CONTRACT. It should govern what you pay to whom.
Can the bank charge you for a repo fee if your car was never taken?
Bobby, look at your contract. It likely covers what fees they can charge. The repoman charged the bank, the bank charged you. It all went on your account. The repoman had to get paid for coming to your house, right? We dont work for free.
Who determines the interest rate banks charge for loans?
The central bank does not directly determine the rates but the rates that it fixes like the Repo rate, Cash reserve ratio etc have a direct impact on the rates banks charge. When the repo rate is less and CRR is less then banks charge a lesser rate of interest and vice versa.
My car was repo'd and then 2 days later I saw my car with the repo man down the beach. Now it's damaged and the bank says I have to fight it out with the repo co. after I pay to get my car back.?
Thats pretty much what you need to do, If you have pictures of your car at the beach it'd help you out alot! You need to take care of everything with the bank, than go after the repo company
How do you find out who repossessed your car?
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
If you haven't made a car payment in five years can the bank repo the car?
SureI am suprised they have not already done so.
Can a repo person come into your closed garage and get the car?
NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.
What is the current repo rate and reverse repo rate and bank rate by RBI in India?
As of October 12, 2010, according to the Reserve Bank of India... repo rate 6.00% reverse repo rate 5.00% overnight call money 6.24%
If a repo now shows up on a credit history with 'charge off' does this mean that the balance needs to be paid off even if the repo was two years ago?
Yes it will need to be paid, the good news is the bank will more than likely take a settlement, and only offer to pay them the settlement if the take the repo and chargeoff off your credit, the will play ball!:) for more info on repossessions, you can goto my website at www.stoptheREPOman.com
Why did a charge disappear from my bank account?
A charge may disappear from your bank account if it was a temporary authorization that was later reversed by the merchant, or if there was an error in processing the transaction. It could also be due to a refund or a mistake in the initial charge.
What is the current repo rate and reverse repo rate in india?
The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..
