Repossession

It would depend on the contract you signed when you purchased the car.

NOT EASY!!! THEY DON'T CARE!!! IT'S STILL A REPOSESSION NO MATTER WHAT!!! VONUNTARY IT IS BY YOU BUT TO OTHER CREDITORS, IT JUST DOESN'T MATTER AT ALL. WHEN THEY LOOK AT YOUR CREDIT REPORT, THEY WILL ASSUME IT WAS REPOED AND YOUR CREDIT RATING IS SHOT TO HELL.... TRY TO SELL THE CAR. HIDE IT, UNTIL YOU CAN SELL IT AND PAY THE LOAN OFF. REFINACE IT IF YOU CAN, ASAP......

Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)

Obviously the person who caused the damage is responsible. If I thought my neighbor's homeowner's insurance would pay for my car if it is wrecked on his property, I'd drive it right into the side of his house!

A cosigner has no legal rights to a vehicle unless his or her name is on the title. If the cosigner's name appears on the vehicle title then he or she is also a co-owner of said vehicle and any dispute in possession and ownership may need to be decided through legal procedures.

Yes, you can be terminated from a job for any justifiable reason. The repossession and garnishment are YOUR problems, not your employer's. * No, it is illegal for an employer to fire an employee because of his or her wages being garnished. Unfortunately, it is usually not difficult for an employer to come up with a plausible reason to discharge an employee in order to circumvent discriminatory practice laws.

Yes unless responsibilty for certain debt is clearly stated in your divorce papers. If her name is on the loan as co-signor then yes she would be responsible.

I think you have like 10 ir 15 days, they have to send you a notice stating when the car will be sent to auction and what date time and place the auction will be, you have until the day before the auction to pay the amount they are demanding. Keep in mind though the sooner you pay the more you save, because they have the right to move the vehicle to another location at any time, which might incur more charges.

There is no statute of limitations on debt. You are responsible for the difference of what the car sold for at auction. You should get the advice of a lawyer just to be sure of your rights, there may be loop holes that the common citizen doesn't know. A lawyer typically charges a small fee for advice, some will give you a free consultation.

No. It only affects the lender ability to get paid if the primary borrower defaults.

Yes. And that will help out their credit history too:)

PULL YOUR CREDIT REPORT

Try here- www.zastava-arms.co.yu

Depends on the state you live in. Check the list. Statutes of limitations for delinquent debt State Written contracts Oral contracts Promissory notes Alabama 6 years 6 years 6 years Alaska 3 years 3 years 3 years Arizona 6 years 3 years 6 years Arkansas 5 years 3 years 5 years California 4 years 2 years 4 years Colorado 6 years 6 years 6 years Connecticut 6 years 3 years 6 years Delaware 3 years 3 years 6 years D.C 3 years 3 years 3 years Florida 5 years 4 years 5 years Georgia 6 years 4 years 6 years Hawaii 6 years 6 years 6 years Idaho 5 years 4 years 5 years Illinois 10 years 5 years 10 years Indiana 10 years* 6 years 6 years Iowa 10 years 5 years 10 years Kansas 5 years 3 years 5 years Kentucky 15 years 5 years 15 years** Louisiana 10 years 10 years 5 years Maine+ 6 years 6 years 6 years Maryland 3 years 3 years 3 years Massachusetts+ 6 years 6 years 6 years Michigan 6 years 6 years 6 years Minnesota 6 years 6 years 6 years Mississippi 3 years 3 years 3 years Missouri 10 years 5 years 10 years Montana 8 years 5 years 8 years Nebraska 5 years 4 years 5 years Nevada 6 years 4 years 6 years New Hampshire 3 years 3 years 3 years New Jersey 6 years 6 years 6 years New Mexico 6 years 4 years 6 years New York 6 years 6 years 6 years North Carolina 3 years 3 years 3 years North Dakota 6 years 6 years 6 years Ohio 15 years 6 years 15 years Oklahoma 5 years 3 years 5 years Oregon 6 years 6 years 6 years Pennsylvania 4 years 4 years 4 years Rhode Island 10 years 10 years 10 years South Carolina 3 years 3 years 3 years South Dakota 6 years 6 years 6 years Tennessee 6 years 6 years 6 years Texas 4 years 4 years 4 years Utah 6 years 4 years 6 years Vermont 6 years 6 years 6 years*** Virginia 5 years 3 years 6 years Washington 6 years 3 years 6 years West Virginia 10 years 5 years 10 years Wisconsin 6 years 6 years 6 years Wyoming 10 years 8 years 10 years *Six years if contract is for payment of money. ** Five years if promissory note is added to a bill of sale. + The applicable statute of limitations in Maine and Massachusetts on a debt owed to a bank or on a promissory note signed before a witness is 20 years. Me. Rev. Stat. Ann. tit.14, s 751; Mass. Gen. Laws ch. 260, s 1. ***Vermont's statute of limitations on a promissory note signed before a witness is 14 years. Source: Money Troubles: Legal Strategies to Cope With Your Debts, 9th edition (Nolo, 2003). http://www.nolo.com. Used by permission

In most locations, yes.

However, generally it must be proved that you intended to conceal (the usual word) the asset. Keeping it in your locked garage is usually not regarded as "concealment". Keeping it at your fourth cousin's garage out of state probably is.

It's extremely likely that any effective attempt to prevent your car from being repossessed means you lose the use of it anyway, so there's ultimately not much point in doing so, particularly since the lender is generally allowed to charge you for the cost of the repossession... you're just building up more debt. Even if what you're doing is not strictly speaking illegal, about the only logical reason to do it is if you know that you'll be able to pay off the debt in full in a short time and want to keep the car from being repossessed before you can do so.

The question does not indicate if the action is to be on the part of the creditor/lender or the borrower/debtor. Nevertheless, there are not generic forms for a Right To Cure notification. Individual states establish the procedure and therefore information included in the correspondence must be in conjunction with the laws of the person's state of residency.

so is there special wording in the forms?

15 days to respond to letter

letter is from lender to debtor

no one knows

No, it's illegal to ride in a towed vehicle. However, if you're getting into the vehicle to prohibit the car from being towed, you could find yourself in trouble with the law. Once the car is on a repo list, it's no longer technically yours due to default on payments.

talk with the ones who repossesd it to change there remark, try to make a deal,like promise to pay out early,pay on time for a period of time,what ever it is get it in writing for evidence

it depends on how long the repo and you interest rate will be real high

Go to the lending institution, explain the situation and offer to take care of the remaining part of the debt. Banks don't like to be left with a loss when they repo a vehicle and the auction sales price does not cover the loan amount. Sometimes you can demonstrate your responsibility if you take care of their loss or even a part of it. Remember that you were the loan underwriter and as such you are responsible for the loan if the primary borrower failed to pay. That is the sad part of cosigning, the cosigners often get stuck with the remainder of a bad debt. Paying it off is often your only option if you want to protect your credit. You'll have to give them something if they are to be motivated to NOT file against your credit. I agree with the previous, but if your question is do you have the right to...something (I guess getting the car back?)...because you say the lender didn't inform you of primarys default. Probably not. As above notes, your the cosigner and it's your responsibility. Albeit the loan may have certain "rights to correct" terms. But what exactly would you want (that is possible)...compensation because the one you cosigned for defaulted? More than that I'll wager the bank attempted to contact you. Are you sure the address/phone on the paperwork for you isn't the same as the primary, who may have not wanted you to know what the bank was calling about?

That would be a nice scam, but the reality is, you're the one who has injured the lending institution. If you want, you can save yourself some money and have it towed to the lot of the lending institution's choosing. Call them and ask where they want it, then pay to have it hauled off. You'll pay for it in the long run, after they sell it at mortgage they won't be able to get what it's worth then you'll be billed for the difference plus the fees associated with hauling it away.

Presuming there is no agreement between that specifies something like this, you probably have no grounds of any type to get possession. Certainly not repo. I'm not sure there is any type of default at all for you to act on in any case. The lender requires that there be insurance - he may have a cause of action like repo - (although he'll probably just buy it for you, which he is allowed to do and charge it against the loan). Moreover, as I understand it, you say you co own and coborrowed the vehicle - as if you both have equal everything. I gather you have insurance for yourself and on the vehicle and correctly identified all drivers having access to the car, as required by the application for the policy? So why wouldn't that insurance also cover any driver of the car?