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Repossession
Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.
11,694 Questions
How much has to be owed before a car can be repo?
As soon as you are in default. You can always call your creditor and make them aware of your situation. The more you keep them in contact and let them know whats going on the better off you will be. They may offer to defer a couple of payments for you, instead of going through all that.
A default in personal finance is called what?
Failure to repay borrowed money in a timely manner is called.
Can the police know when they run your tags that your car is under repossesion?
It possibly depends on the state, but here, no. A repossession has nothing to do with the police. It is a transaction between the finance company and the customer, and the police are not normally involved.
Can a third party collection agency sue you?
yes, of coarse they can! what kind of retard are you?
Response to answer:
Well, clearly they aren't the kind of retard who can't spell "course" or at least use the spell check feature available right on this website before making a jackass of themselves on a public forum. . .
What if the Bank has not picked up a surrendered car in months?
You are still on the hook. Better to deliver the vehicle to the bank, and walk away from it, leave the keys and signed ownership with the manager, and notify the insurance company that it was surrendered.
Can a repo company garnage your paycheck?
The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..
The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..
The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..
The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..
The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..
The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..
If your motor home is repossessed and you can't pay the difference what happens?
The motor home is sold and the money received from that is used to pay the difference. Any money left over will be returned t the owner.
PS my car was not repossessed...
i just want all my stuff back
and when i say everything i mean everything!! from the floormats to my clothing
WHAT TEST do you need to become a repo man in Michigan?
what do i have to do to become a repo man in Michigan
Normally the term wreck is used to describe a situation when two objects, at least one being a vehicle, try to occupy the same space at the same time, also known as an automobile accident. "Wreck" can be when two vehicles collide with each other or if one vehicle collides with another object such as a tree, ditch, house, telephone pole, etc.
What the advantage of base collector?
The advantsge of being a base collector is that u will get lots of pussy. and make money doing it. The advantsge of being a base collector is that u will get lots of pussy. and make money doing it.
No. however, since both of you are titular owners, beware: he cabn come and take it and it will not be theft. You should get him to sign a transfer of title (see the rules for such in your state motor vehicle agency), or sue him for "equitable" title. You will need proof of your payments.
YES YOU CAN BUT THERE IS A SHORT TIME FRAME TO RECOVER IT AND YOU MUST BRING THE ACCT CURRENT FIRST.
What are your rights if your car is repossessed in Texas?
If your car has been respossessed, you no longer have the right to continue paying it off because they have lost faith in your ability to make payments. The bank has already paid about 500 to a tow truck driver to find and recapture the vehicle. However, you could buy it back at auction. See your bank for the auction date.
You can no longer afford your 718.00 car payment What do you do?
sell your car and buy a moped they get 100 miles to the gallon
What is this trouble code p0403 for a 1998 dodge neon sohc?
Trouble code P0403 means: Exhaust Gas Recirculation Control Circuit
What happens if my mom cosigned on an auto loan and I file for bankruptcy?
Your mom will be responsible for the debt and if she does not pay it could affect her credit, she could be placed with a collection agency or sued in court.
A finance charge is interest charged by a lender on the unpaid balance of a loan.
Does the DMV get notified of a reposession if they have not found the car yet?
No. Only when the vehicle is repossessed and always once the licence plates are turned in.
