Yes, the loan is not paid in full if there are unpaid lates fees
is global edge finance in London a legal company
YES,its still their car. You should have had it towed away 3 months after filing. NO, you cant charge them storage.
You're talking about trying to repossess it from the repossessor? Short answer, no. You're committing theft - possibly grand theft, depending on the vehicle's value. But the repo agent coming to repossess your car isn't commiting theft. Double standard? No. The thing of it is, it is NOT your car - the lienholder is the sole rightful and legitimate owner of the vehicle. The repo man isn't taking your car away - he's reclaiming the lienholder's property after you failed to meet the terms of the finance arrangement.
If you no longer have the personal property listed as collateral for a secured loan, the finance company may still hold you liable for the outstanding debt. They may pursue legal action to recover the balance owed, which could involve garnishing wages or placing a lien on other assets. It's essential to communicate with the lender about your situation, as they may be willing to negotiate a settlement or payment plan. If you're unable to resolve it, consider seeking advice from a financial advisor or attorney.
To legally repossess a car from your ex-partner, you must follow the laws in your state regarding repossession. Typically, this involves providing notice to your ex-partner, obtaining a court order if necessary, and working with a repossession company to take possession of the car. It is important to consult with a legal professional to ensure you are following the correct procedures.
Is it legal to? NoIs it possible to? NoThe finance company does not have possession of the vehicle so can do nothing with the paperwork on that vehicle until the do secure possess of it.
It's highly unlikely, as it simply wouldn't be worth it. They can threaten legal action and damage your credit record though.
repo and say they didnt? NO, not legal. Bought back and given back to dealer?? Never heard of it. Call a local attorney for a consultation. Smells fishy to me.
YES,its legal in every state.
is global edge finance in London a legal company
is global edge finance in London legal phone no +4420351433
YES,its still their car. You should have had it towed away 3 months after filing. NO, you cant charge them storage.
Absolutely. The finance agreement that you sign when you purchase a vehicle states that you agree to carry full coverage on the vehicle and to list them as the leinholder. By them being listed as leinholder they get notified of any cancellations, late notices, and renewals on the policy. It also gives them some special rights such as a 20 day notice before cancellation instead of 10 days. You pay for the extra 10 days notice. The finance agreement also states the maximum deductible that you can have on the policy. Remember that the finance agreement is a legal contract. if you break any part of the legal contract they have the right to repossess the collateral (the vehicle). The agreement also states that you are responsible for a repossession fee in order to get the car back. There is probably storage fees involved as well.
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
The car company has to provide all the necessary notices before it can repossess a car. Also, the company has to follow the proper procedure, and avoid any actions that harass the car owner.
You need to take the release form and the title to the DMV. They will issue you a new title without the finance company on it. They will NOT do this until / unless you have the signed title and a release from the finance company / legal owner. The process costs only a few dollars.
no