Yes, there have been cases where individuals have had their cars repossessed by mistake due to errors made by the repossession company or lender.
Yes, but no one I know.
dont pay the payments ever
Anyone's car can be "repossessed" if they don't make their car payment.....
By mistake. Waste no time contacting the credit reporting companies, and demand that this entry be removed from your credit report.
Looks like 2 choices here..they made a mistake and listed the wrong account OR they have more faith that they CAN and will repo it than you do...LOL
if i get my car repossessed, can they put a llien on the house?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
No, but your car can be repossessed if you don't make the payments.
Yes, your car can be repossessed by a company if you are behind on payments. However, it has to be a licensed repossess to be able to do this.
When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy
Your creditor made the mistake so they have to correct the problem and give you your car. You should not be charged for anything! I highly suggest you contact them and tell them if they dont give you your car back you will be seeking a lawyer, for incovenience and what ever other charges you can make without having your car to go to work
No.