They should tell you that you have till A certain date to catch up all due amounts or they will "take action to collect the debt" that means they will repo. the vehicle, Some banks will tell you when and where they intend to do the pickup of assets, almost all banks will not do A repo. until the note is 90 sinse last payment.
if you are behind at least 2-3 months behind in payments then they can come get it whenever they please
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.
ANSWER: At the bank. Not being a smart@ss, I mean come on, think about what you are asking.
The Repo rate is the rate at which the central bank lends loans to its member banks.
The bank that you have the loan with hires repo men to repossess the vehicle
WHAT "was all bank error"?? IF the whole entire repo "was all bank error", then you need an attorney now. ASAP. The bank has insurance to cover "errors and omissions".
yes you can. thats why the bank usually hires people to come out and take your car back.
One day late. I live and own 2 repo companies in Washington. Sorry, but that is the law.
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
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%
The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..
the repo rate is the rate that the reserve bank lends money to commercial banks
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