Repossession

Yes, per the FDCPA (Fair Debt Collections Practices Act) contact can only be made from 8:00 AM to 9:00 PM seven days a week, at your home. There is no restriction on contact at your place of employment. Here's the thing, in most cases, if it is 10 or 11 o'clock PM and the repo agent sees your lights and TV on, he may do you the courtesy of letting you remove your personal items in exhange for the keys. Two reasons for this: first, if your personals stay in the car you will pay a storage fee to get them back; and second, with the key he can more easily unlock the shifter and steering column and can more safely tow your vehicle. The second part is important to you because if you redeem it, you will not be redeeming a stripped transmission/differential or wrinkled fender.

If you are credit-worthy, you may be able to co-sign for your boyfriend's vehicle. But be aware that if he fails to make payments for any reason, you are liable for the debt and the creditor will come after you and possibly file suit against you. - I wouldn't do it.

After 60 days on non-payment. I always reccommend to do return the vehicle to the lender yourself. It looks better on your credit as a self repossesion. Then once the vehicle is auctioned off and sold, you will be left with a remaining balance. Save at least .10 cents on the dollar or 30% of the balance in a savings account. Once this is saved, call the creditor/lender and negotiate a settlement. Get the agreed amount in writing that same day before making your final payment. Then request another letter stating the account is now paid in full - instead of settled for less. Good luck!

You can be sued and your car repossessed.

I hope I am interepreting your questions correctly. If you have a deceased individual with an auto loan then contact that lender and explain the situation. Usually this loan will no longer exist, and the vehicle will be picked up. If there is a co-signer on that loan, then that person will be responsible for that debt, and should take full ownership of that vehicle.

There is no set amount, if someone told you that dealers can get 2005 Cadillacs at the auction for $500 they lied. The same vehicle that was sold last week at the auction that sold for $5500 this week it sold for $7500, it just depends on what dealers want what at that time. Most used car dealers mark there vehicles up from$1000- $4000 dollars.

If my car is repoed and the car is not worth as much as I owe am I responsible to pay the differance?

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.

They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.

Your credit report will state that the vehicle was returned. It will still show a balance remaining once this vehicle is auctioned off. This is your best option, but it already has done it's damage to your credit report with missed payment. Also, this will affect your credit score monthly for the next two years from the date of last payment.

The primary borrower is responsible for this debt, but if they do not make arrangements to pay the remaining balance of this debt (once its auctioned off) then you will be fully responsible for the remaining balance.

My best suggestion is to contact your auto lender, and ask them the procedure for repossesions. Keep in mind that the bank can reposses your vehicle if you are 60 days late on your payments even if you attempt to only make half of your payments. Call them as soon as possible and work out a payment plan with them.

If it beeps at you and flashes up "service vehicle soon" every time you come to an idle, more than likely its a faulty oil sender, located in front of the oil filter housing.

From the Owner's Handbook it says that this warning is a non-emissions related fault in the electronic engine management system or the automatic transmission. It has nothing to do with scheduled servicing of the vehicle. It indicates a fault. Get it looked at ASAP. A faulty oil pressure sensor unit seems to be the consensus.

A repossesion will remain on your credit report for 7 years from the date of last payment or activity. Remember, that when you have a collection account like this it will continue to be resold to a third party collection agency; which in turn renews the date of last activity. So, if you are interested in having this debt no longer affect your credit and score, negotiate a settlement. Pay this settlement that day once you get the agreement in writing. If you need professional help feel free to look at my profile, and call us for further assistance. A repossesion will remain on your credit report for 7 years from the date of last payment or activity. Remember, that when you have a collection account like this it will continue to be resold to a third party collection agency; which in turn renews the date of last activity. So, if you are interested in having this debt no longer affect your credit and score, negotiate a settlement. Pay this settlement that day once you get the agreement in writing. If you need professional help feel free to look at my profile, and call us for further assistance.

Depending on your state law, there are many solutions to your car being repossessed. In all cases, information must give you information about what will happen to the vehicle.

1) Your state may give you the option to take possession back of your vehicle. Some states give you an allotted time to pay the amount defaulted on your loan plus fees associated with the repossession.

2) They can opt to sell your vehicle. You will still be able to retrieve any and all valuables left in the vehicle (as they are not permitted to keep it) and your license plate (you paid for that). Any balance after the sale of the car will be your responsibility and arrangements can be made to settle that debt.

If you need assistance in finding the full disclosure about repossession in your state, please contact your local Attorney General's Office, Consumer Affairs Division

Prejudicial use of rhetorical devices can include using loaded language, such as labeling individuals or groups with negative terms to evoke a particular emotional response. It can also involve using sweeping generalizations or making hasty conclusions based on limited evidence to manipulate the audience's perceptions. Another example is employing fear tactics or appeals to emotions like hate or outrage to sway opinions without presenting a balanced argument.

yes

At this point, payment would be for the retrieval of your title.

Depending on the time elapsed, you may still be able to make payment arrangements to settle the debt by two methods:

Pay the full amount:

a) You can pay the full amount in one large lump sum and request that the negative report be removed from your credit report. Remember that it never hurts them to remove anything from YOUR credit report. Be sure to get it in writing before you submit your full payment.

b) Ask for payment arrangements. You can still settle your debt over a few months and receive your title.

Make a settlement offer:

a) Although this will still leave a negative impact on your credit, both parties will at least come to an agreeable outcome. Often they may be willing to settle for 80% to half the debt owed. You may be able to make payment arrangements on your agreed settle amount. Be sure to ask to have this removed from your credit report* It never hurts to ask. Usually they are willing to do so and can have it removed within 30 days.

Your credit may still be attached negatively unless you have a written agreement stating otherwise. You may also still be held responsible for the balance owed for the vehicle. Check your local Attorney General Office, Consumer Affairs Dept for case specific details. They may be able to come to a better solution.

The idea of car repossession to me is a great idea. If your arent gonna pay for it, then it ain't yours and the bank takes it back.

If you are thinking about being a car prepossessor, be careful! Some people think you are stealing their car so they will get ugly at you. My advise, just bring pepper spray, NEVER work alone, ALWAYS bring a tough guy along, and have cameras mounted around your repo truck that way you can prove to the police what happened if things go wrong.

If you are thinking about to stop paying your payments and voluntarily have your car repossessed, then i think so. It will get the burden of the car payments off your back, but it will hurt your credit score.

By calling the original loan facility that was associated with the vehicle is one way to locate the repossession date. You can request that the original document of repossession be sent to you by way of fax or US mail (if you feel there is discrepancy).

*Note* The time of default does not deem the time of repossession. Be sure to ask specifically for the actual repossession date and unfortunately you may have to clarify that you are not seeking the default date.

It's possible your lender has gone belly up or your loan sold to another investor. Somehow your account has fallen between the cracks somewhere. I suggest you call your lender anonymously and find out if they're still in business.

neither looks good on your credit.

If you have a locked gate, they will find you vehicle and reposses it (even if you are in a public parking lot). My suggestion to you is voluntarily submit your vehicle to the lender. Call them first to make this arrangement. If it's too late, then let them take it.

after closing and recording of property to new owner can a fidelity title company stop payment on a sale on a property. a lein was later discovered on the property after disbursments of sale were made by cashier checks and deposited