How much do repossession agents commonly make?
Most generally the agent must not breach the peace. There are specific laws pertaining to repossession agencies that are different in different states. However, for the most part, as long as the peace is maintained, and it is a self-help state, there is nothing more the agent must do.
About well 500 bucks a day.
It varies a great deal depending on where the agent works, typically about 1%-1.5% of the loan size.
Not much. Nearly impossible to prove and so many make claims of stolen items, and no one ever believes them.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
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.
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
No. Namely, because the car wasn't stolen - it was taken back by the rightful owner (the financier), via a repossession agent. It's not the financier's fault - nor the repo agent's - that you neglected to make your payments.
Till they find it.
repesession
In California, the income for a car repossession agent can vary significantly based on factors such as experience, the volume of cars repossessed, and the company they work for. On average, repossession agents can earn between $30,000 to $60,000 annually, but those who are highly experienced or work as independent contractors can potentially make more. Additionally, repossession agents may receive bonuses or commissions based on the number of vehicles they recover.
The repossession agent is not a law enforcement agent, and has no such authority.
No.
check with the State assoc. gapra.org
Only if they want to be charged with kidnapping. NO.
No.