Is it known to happen to just offer a bribe to the a repo man at your door for say 100-200 to tell the bank he cant find you?

Answer 1

"Yep, let's make a bad situation even worse by trying to bribe the repo man. What a dumb idea that is. You think the loan company is just going to let you keep driving their car. That's right, their car. You do not own this vehicle until you make the last payment. They will find this car sooner or later, and all you are doing is running up the interest fees, and repo fees, they you will eventually have to pay. Can't make the payments then turn the car in and save yourself some fees."

yada yada yada........

Sorry, I deleted the rest of your 'be a good little consumer' diatribe because it wasn't relevant to the question at hand. All the information you provided past the first few paragraphs was simply credit info boilerplate that is repeated in many places in the repo wiki.

I had been wondering if just such an answer would be provided....and sure enough it was, quicker than I thought possible.

Problem is, I speak from experience. I'de be interested to know what your life experience and background is to relevantly speak to the topic at hand.

Surprise surprise- bribing really worked in my case, about 3 YEARS AGO. I still have the car. Still owe the same amount on it. Of course, I owed less than $2500 and the car has a lot of miles on it, and the lender knows that. He may have me on a list somewhere, but I don't think it's his top priority. Can't be, based on the time that has gone by. Also, repo efforts are up this year (2008) big time, and there are far easier fish in the sea apparently to catch, then me. However, even though repo efforts are greatly increased, the repo unrecovered rate only improved .1% from roughly 2.5% to 2.4%, even though almost double the effort has been expended by the industry as compared to 2007.

Unfortunately, (or fortunately, depending on your perspective) basic human greed can solve such a problem, for far less than I would have paid the lender. I wonder do you work for a lender or a repo firm? And if so, maybe it was one of YOUR employees that took the bait back then......and that is the cause of your extreme negative response?

I will agree this is not something that should be attempted unless you have the means, can read a stranger's personality type reasonably well, and have some understanding of basic human nature as well as it's attendant failings. Granted, a lot of people will futz this up if attempted. But it can be done.

I welcome your response, if you have one.

Answer 2

Offering a bribe to a repo man to avoid repossession is illegal and unethical. It can result in further legal consequences for both the person offering the bribe and the repo man. It is best to communicate directly with the bank or lender to try to find a resolution.