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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 many days must a vehicle loan be late before it is repossessed?

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

Can you return an auto without a repossession on your credit report?

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.

What is the Effect of mixing gasoline from different stations?

As long as they are of the same octane rating, there should be no adverse effects.

After 15 days can a company reposses your car?

can a finance company reposses your vehicle if you made your payment on the15 day

How long does a lender have to repossess?

I am 3 months behind on my mortgage? How long until they repo my home?

You may be cited for improper safety equipment on your car if?

Your car has faults or does not comply with the legislation that covers the type of vehicle concerned.

Why is a car called she?

Because females are beautiful and cars are beautiful too.

Clear car title car for repossessed car?

098765445436376547274574

After the vehicle is repossessed and the lien holder (lender) has physical possession of the vehicle (after following state law requirements) they would simply request, and pay for a new title at a cost of a few dollars, and upon proper proof of a proper repossession.

Is a husband liable for a wife's debt on a credit card if it is not in his name?

Generally, yes. As a married couple, your have some "joint" financial assets and liabilities. If one of you has a credit card (even if it is just in the name of that one person) and runs up a bill, the other cannot "hide" from the creditor. This is almost always the way the court will look at things. It's an already difficult situation, but if two people are married and one is out spending their joint funds or attaching assets held in common (by building debt), the "correct" course is usually some kind of "counseling" for the couple or "discussion" between the two. If things are serious, consult a professional and soon - before it gets worse. The attorney is usually free or cheap - at least on an initial consultation. Good luck sorting this one out.

What will happen if I strip parts off my car before it gets repossessed?

If the bank or the entity that holds title to your car is repossessing the vehicle, that means that they own the vehicle and you have presumably agreed to make payments toward the ownership of that vehicle. If you strip it or damage it in any way, you are liable for the damage you have done, or the value you have removed from the vehicle. It gets worse. If you purposely or knowingly took value from the vehicle, the intent in which you acted toward this end will be seen by the court to cause greater penalties toward your actions.

My recommendation: Do what the law says is the right action. By stating that you did not know that your act was against the law will not hold up in court. Good luck.

What are the laws about shooting guns on personal property?

entirely depends upon situation and location. usually unacceptable within city limits, recreationally at least.

Can car company put lien on house if person is on SSI and can't pay car loan Voluntary repossession.?

Not directly, and not always. In order to put a lien on a house a creditor must have a "judgment" against the person who owns the house. In order to take a judgment, the creditor usually must repossess the car, sell it at a commercially reasonable sale, credit the proceeds (less costs of taking and sale) to the account, and demand the remainder as a "deficiency" balance. If the debtor doesn't pay the "deficiency", the creditor can sue in the civil courts. The debtor usually has 30 days to answer the deficiency claim, and there are MANY, MANY defenses to deficiencies. For example...that the creditor did not give the debtor the option of a public or private sale; that the creditor, after repossession, did not give the debtor a fair opportunity to redeem the vehicle; that the creditor violated the consumer's rights in taking the vehicle without a court order over active and unequivocal protest; that the creditor overcharged the debtor on interest, finance charges, insurance premiums, documentation fees, etc. The debtor may even have a counterclaim against the creditor for violating repossession laws, which in any event would equal the finance charge plus 10% of the cash price. This is where an experienced consumer defense attorney is essential. Bear in mind, however, that the creditor can forget about the repossession of the collateral and sue directly on the obligation, which would make the debtor have to defend at an earlier stage.

If you move to Florida can you still get your car repo?

Yes. The repo company I work for goes out of state at least once a month to get a repo because the owners have moved, I don't believe any state will stop a repossession just because the car was moved to a different state.

Do you have to pay the balance owed after self repossession?

You pay what is owed after the creditor sells the car for. So if you owed 10,000 and the creditor sells it for 8000 at an auction, then you would owe the remaining balance.

When a car gets towed and the owner no longer wants it but does not want to be liable for it what do they do?

Give your title to the "tow-er", but be sure and sign it over to him/her. Oh you mean Repo ? It depends if title is held by a bank/finance company or by a dealer. In order to salvage your credit, ask either if they will have mercy on you. Some will just let the note go. It depends on how much you already have paid and if vehicle is in decent condition.

If your car get repo do you have to pay the balance off?

They repo your car and sell it at auction or sometimes to a good buddy. What they sell it for is deducted from your debt but they add back the cost of the repo and selling at auction. Now - If they think the amount still owed is worth going after you and your assets -then they can go to court for a judgement. If you can't hang on to it ask them to take it back before they spend the money to repo it.

Will Holden vn heads fit a Holden 308?

yes! but you need to buy a camshaft to suit as they have a different firing order and you need a intake manifold to suit. dont worry about the 2 middle head bolts towards the valley, they dont have this on the vn heads

Bank won't release title?

A bank won't release the title to a vehicle until it has been paid in full. This is done to prevent the vehicle from being sold while payments still remain.

What is 23152A of the California vehicle code?

DUI - Driving Under the Influence of Alcohol or Drugs.

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