THis may be cvered under Consumer Law. However, providing that the car has been legally re-possessed it is not a criminal matter. If the lender repossessed the automobile I would contact them ASAP and make some arrangement to become current with your payment. Possibly, they may release the car back to you.
a few days...or like 2 months
There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.
when repo man repossess the car and was in an accident before you can get it back, what happens
You pay the LENDER what you are behind and the repo fee and go get it.
im Missouri it is 10 days after repo, the title can be filed for repo by institution.
If you keep going 60+ days past due, you receive a right to cure notice w/ intent to repo., and you don't answer your phone. If you show no interest in resolving the situation, they will repo the vehicle and let you deal w/ the problem.
60 days
The repo company should notify you about your belongings, if not, Contact your bank who will give you the phone number to the repo company who took your car and make an appointment within 30 days.... after 30 days your belongings are trashed
The finance company has the right to repo a vehicle the day after the payment is due if it is stated in your contract. they usually wait till you are 30-60 days past due.
YES. Read your contract. Does it say the lender cant repo IF you have no other vehicle? I think not. Less than a month behind??? Some lenders will repo when you get 3 days late. Any time you are in DEFAULT of the loan, the lender CAN repo. They may not, but they can.
Yes, they can repo your vehicle if it is even one day late. Check your contract, though. It might tell you how long exactly you have. If it gives you a time period of, say, two months and they repo it after one month, then you may be able to get your car back because they breached the contract. However, if there is no guaranteed grace period, that probably means they can repo it anytime you default on your loan.
Yes