Repossession

According to the repo handbook, any debtor purposely hiding collateral from the bank to defraud them is illegal and you can be arrested when summoned to the court. I am a Repo man, and even if you hid thecar, no matter what eventually you will slip up and we will get the car...

Assuming this is true--(and I don't understand how)--

You can get a scrapped title from a junkyard in California. Get the car to Nevada and register it there. Then take the car back to California and re-register it in California. Voila!

If you have the CA title that was last issued and the system shows it has dropped off then you will have to get a "Vin Verification" done on the vehicle. The vin verification is an inspection done by DMV or a licensed vehicle verifier. Once you have the inspection done take it along with the title, smog and a DMV REG 343 form (app for title and reg) and DMV will issue you a new title and registration/plates. If the old title is not in your name you will also need to have proof that you purchased the unit. A bill of sale, purchase order or even handwritten statement will work. Good Luck!

Vehicle Registration Wizards - vehregwizard@gmail.com

I suppose in theory they could depending on what the loan terms are, but I would say it would have to be a pretty unethical establishment to do that. Typically it's two missed payments. Get that payment in on time!

Gap insurance does not cover repossession anything. It only covers if you wreck the car and owe more than it is worth.

that's the point of repossession. you cant pay, they take it away.

if think you can return the car you can

or

if you want to do for him you can do

As licensed repo man I can tell you we must notify the local P.D. within 1 hour that the car was picked up as a repo, where it will be stored, and what the name of lender is. To find it call lender or call local P.D. and report it stolen at which time P.D. will tell you its a repo and where it is.

you can place a stop payment on a check right after you write the check if you want to pay the fee

Q:Can you get an apartmet with a car repo?

A: All apartments come without a car repo option. Sometimes you can negotiate utilities, however

If you still have the numbers the dealer can cut you one. If you know where the vehicle was origionally purchased some dealers have the info. on file. Other than that you hace to replace the lock cylinders or at least remove them and take them to a good locksmith and with luck tyhey can cuut one for you.

* If you have the vin number ( located on the dash on the drivers side and seen from the outside of the windshield looking into the car at the bottom of the windshield or on the sticker on the door seen when the door is opened and looking at the width of the door or the door jam.) the dealer can make a new key with this number and often a lock smith can as well.

You have to pay off the debt. The car itself will take car of part of that when the lienholder sells it at auction. You'll have to make up the difference between what it sold for and what you still owed (and you'll have to pay for the repossession expenses also). If by some miracle the car sold for more than the debt and the repossession expenses, then you should get a check back for the balance.

However, how they'll handle this is almost certainly not by having you "finish payments". Call the lienholder and find out what they want you to do.

This answer will be good for most inline engined cars upto the mid 60's..

Firmly apply the handbrake.

Make sure the car is in neutral.

Switch on the ignition.

Use choke if the engine is cold.

Place the starting handle through the appature in the front panel.

Engage the end of the handle with the dog on the engines front pulley.

Turn the handle clockwise, in a swift movement.

Hopefully the engine will now start.

The design of the dog will disengage the handle automatically.

Remove the handle.

One word of caution.

Do not grip the handle normally, place your thumb over the handle.

If the engine kicks back, you won't break your thumb then.

They could be required to if you have a judgment against you.

In a word YES any difference in the amt. of loan and amt. lender recovers can still be collected.

pay your bills.

I don't know why you'd want a bank to borrow money from you so I suppose you mean lend you money. If you have bad credit and you obviously do if you had a repo, you may find some place that will lend you funds but they're going to slap you with a very high interest rate... I mean outrageous amounts that, if you're slow in paying, will start adding up so high that you'll never get out from under the new loan and will probably end up defaulting on it, too, causing your credit to be even worse. My advice is to look for other solutions rather than borrowing. Perhaps find any way you can to scrimp and save... living much simpler would be better than ending up in court over a non secured loan you didn't pay back.

Who loaned the money?

where are you sposed to send the usual payment send it now!!!! or it will be repossesed in the next 3 days! call the number of your loan people and make sure they know you want to pay so they don't reposess. If by chance you were paying bigger payments then the required you Amy have payed it off before it was due. and ther efor owe them nothing.

It really depends on your situation. Leasing a car is great if you're thinking about buying a particular car and want to try it out for a couple years. You can get comfortable with the car, and you'll know for sure whether or not it's the right one for you. For information on car lease deals, check out http://www.wheelstolease.com.

The bank will contract out with a towing company/recovery company and will tow the vehicle to an auction yard.

The vehicle will usually be sold at a private auto auction where there are auto dealers there that purchase repossessed vehicles. The person who pays the most, wins the vehicle.

Within 30 days after the auction, you will receive a letter from the bank that will tell you how much the vehicle sold for and how much the deficiency balance remains.

Then the collection activity begins. They will constantly call you and ask when they will get their money. Sometimes they will work out a monthly payment with you, and sometimes they won't.

If you don' t have the several thousand dollars laying around, then usually you will have no other choice but to file bankruptcy. They could sue you and get a judgment against you. Then they could garnish your wages, take your checking account, put a lien on your house, etc.

Contact whomever holds the lien, they will allow you to make payments and take posession of said vehicle if signor has ceased to make payments.

I have already contacted the lien holder and they advised me that they would not get involved with me taking possession of the vehicle. All they wanted from me were back payments. I brought the payments up to date. Now I want to get the vehicle in my possession. Unfortunately I have been unsuccessful at contacting the person I cosigned for. I've even heard that he may have moved out of Michigan. I have a copy of the Michigan registration showing myself as an owner. I am currently awaiting documentation from the state that I am on the title. What is my next step towards getting possession of the car?

Thats pretty much what you need to do, If you have pictures of your car at the beach it'd help you out alot! You need to take care of everything with the bank, than go after the repo company

If you legally incurred the debt then you are responsible for it until it is paid. A company other than the company to which you were originally indebted may purchase the rights to your debt and you are responsible for paying them. There is no time limit on that debt. A collection agency can legally pursue you until the debt is paid in full. However, there is a time limit on the negative consequences of not paying the debt. In most circumstances that limit is seven years. Seven years from the time you became delinquent with your original creditor. Whether or not your debt was purchased by a collection agency, it should not be reported on your credit report or affect your credit score after seven years. The only time the debt could reappear is if you take an action on it. For example:

In 1997 you applied for and received a store credit card and charged $1000 in merchandise. You did not pay the bill and after their attempts to collect the debt fail, the store sells your debt to a collection agency in 1998. That agency sells your debt to another agency in 2000. In the meantime, you pay all your bills on time and have an otherwise spotless credit history.

In 2004 your $1000 debt will no longer appear on your credit report and your credit score will be higher because the old debt is no longer figured in the calculation. The collection agency is not doing anything illegal by contacting you regarding your debt. But it is no longer affecting your credit rating.

In 2007 you pay $500 toward the debt. Your credit report would reflect you have a $500 debt to the collection agency and your credit score would drop. I hope this answered your question.

Consumer Reports lists only a handful of new cars that have fantastic rides. The lowest priced one is the Buick Lucerne, which can be bought new for $27,000 - $38,000. You can buy a 2007 Lexus ES350 for under $30,000 - this car has a very smooth ride and is also extremely quiet.

The bank sells your car at an auction lot for about half the price you paid for it.