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What if a creditor repo's your vehicle and the next day they say that they made a mistake and then returns it to you can they legally do this?
Yes, make sure there is nothing wrong with your car. Also get a letter of apology, just in case it shows up on your credit report later.
What else can I help you with?
In Utah when filing for bankruptcy can the creditor legally take your one and only vehicle?
The Utah vehicle exemption is $2,500.
Can a Repo man take a car if you own it?
A repo worker does not normally pick up a vehicle unless he has an order from the lien holder (usually the creditor who financed the vehicle). If you own your vehicle outright with no liens against it, the repo person probably picked it up by mistake.
Can a creditor place a lien on a vehicle you once owned but sold?
If you transferred the vehicle to a friend or family member for less than fair market value in order to avoid a creditor the court can nullify the transfer and the creditor can place a valid lien on the vehicle.
How long does a creditor have until they repossess a vehicle?
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
In the state of Texas can a creditor put a lien against your home for a repossessed vehicle?
The answer is yes, if the creditor brings you to court on the matter.
Can a creditor's lawyer place a lien on a financed vehicle in the state of Texas?
When you signed the contract to finance the vehicle, the creditor put a lien on the vehicle. In the rare event that this was not done, it can be done later in some cases.Also, a creditor can place a lien on an already financedvehicle if there is more equity in the vehicle than the amount of the original loan. Generally, a creditor who obtains a judgment lien against you can arrange to place that lien against any property you own in order to satisfy the lien.
Your creditor made a mistake and repossessed your vehicle after you caught up on your payments and are still charging us all the repo and storage fees you still cant get the car back?
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
How long do you have to get your vehicle before they can legally search?
Legally search for WHAT?
How will you know what you still owe the creditor after a repossession?
The amount you will owe the creditor will be the amount of your auto loan (including repossession fees, interest, and collection charges) minus the amount the vehicle sold for at auction. The creditor will notify you of the amount due in writing after they auction off the vehicle.
With a cross collateralized debt when the vehicle was surrendered can the creditor demand payment for deficiency?
In the state of Texas, yes the creditor can follow for the deficiency balance.
Can the bank repossess a vehicle even if the payments are current?
Not IF you reaffirmed the loan with the creditor.
Do you legally need a driver's license to operate a vehicle?
Yes, in most places, you legally need a driver's license to operate a vehicle.
