Repossession

To my knowledge there is no difference in the over all obligation,however it shows good faith and can save you money as the fees for voluntary and involuntary differ with the voluntary being cheaper also they are much more willing to listen to what you have to say and more willing to work with you as they know that your a trustworthy individual.They know bad things happen to good people but they also have people above them to answer to and with your communication it just takes the pressure of and makes the matter a lot easier on everyone.Whats this payment concerning I think your talking about an arrangement you may have made to the creditor to pay off the balance of what you may owe after the collateral is liquidated if this is the case then just as your original contract you know your obligation and it most likely was agreed upon between you and them and you should follow through with it if this is the case kind of a confusing question like most I see on here very limited details.

Now this is kind of a tricky question because if your talking about buy here pay here most don't report to the credit co. trans union,equifax etc.so chances are good it wont hurt your credit but at the same rate it wouldn't help your credit either.But beware if you screwed one bad he has every right to sue the rest of what pants you have off so be fair with whoever your dealing with and always remember to treat others as you would want to be treated.

A cosigner can only be removed from the financial obligation through the refinancing of the vehicle. If the ex-spouses name is not on the title she or he does not have any legal claim to the vehicle unless the couple lived in a CP state and were married at the time of purchase. Furthermore, terms contained in a divorce decree are not legally binding when it comes to such issues.

Texas law only allows wage garnishment when the judgment creditor does not have other means for collecting the debt owed. If the debtor has a bank account or non exempt property that can be levied, seized or a lien placed by a judgment, wage garnishment is not allowed.

The car is an asset in the estate. As such it needs to be appraised and the executor needs to determine what to do with the item to meet the needs of the estate. If the vehicle is the only real asset the individual owned, there are same states that have a 'express probate' form that can get the title transferred without a waiting period. If there is money still owed, the executor should contact the lien holder to work out the disposition.

The final results will depend on the will, the state probate laws and the number of assets in the estate. The executor should take care of it with the assistance of a probate attorney.

You can motion the court for redress. It would be advisable for you to take all proof of payment to court with you and be prepared to show it. As the listed borrower on the note, he has as much right to the vehicle as you. However, if the vehicle is registered only to you, and you did not consent to the vehicle being taken, you could also report the vehicle stolen, and by whom.

Sit back and wait for NOI letter (Notice of Intent). * The majority of states do not require notice before a vehicle is repossessed. Contact the lender and explain the situation. And hope for a positive outcome.

If the repossesor can verify that the car is on the relative's (or anyone besides the loanee's) property, they can then obtain a warrant, much like a police officer, since they are, in reality, investigators. They can then repossess the car in any way they see fit "as long as it's legal under repossession law." In this case, by obtaining a warrant, the repossessor CAN go through a locked fence, even destroy the fence/lock in order to get the vehicle. There is no place your vehicle is safe. They can obtain warrants to search almost anywhere you may have gone, including other states in which they contact the nearest fellow repossessor and split the repossesion fees.

... otherwise, it would be a case of "breach of peace" -- or theft, breaking and entering, trespassing, etc. I can assure you, if someone BROKE into my locked, gated, fence to get someone else's car that was parked therein, I would have my lawyer AND 911 on the phone faster than you could hot-wire the damn thing. And I can assure you that I would have your behind cooling your heels in the local pokey for B&E and trespassing by evening.

Too, I know of VERY few, if any, states where private investigators or asset recovery specialists have the same "privileges" and power as police officials. Please name the state that gives NON-official investigators the same abilities and power as OFFICiAL LE.

When you sign a loan it is yours and yours alone until you pay it off.The bank doesn't care what a divorce decree says etc. they want their money period.

Only if the truck, boat and trailer were all behind on payments and the lien holder for all of them assigned them all out for repo. If they weren't it's called conversion.

It appears that you obtained a secured loan on your vehicle (you used your vehicle as collateral for the loan). Whether or not you were disabled at the time of the loan, you are obligated to the lender to fulfill the terms of your contract. Loan companies, banks, credit unions andpawn shops...they are all in business to make a profit. They do not care about your personal circumstances (i.e. that the vehicle is your only form of transportation). There are someorganizations known as "predatory lenders", that is, theywill underwrite a loan knowing that the borrower will probably NOT fulfill the terms of the contract. When the borrower defaults, they initiate foreclosure (in the case of real property) or repossession (if the property is a vehicle). Either way, they win. If you are having a problem making the payments, stay in communication with the lender. The mistake many people make is to hope that the situation will just "go away", so they say nothing to the lender. Bad decision. Talk to the lender. Explain your circumstances. See if you can get them to work with you for a short period until you get your finances back into alignment. If they won't work with you, try to get assistance from family or friends. If all else fails you may want to have someone take over the payments on the loan (sign the vehicle over to them) so you can get away from it. You do not want a repo on your credit report. Make sure you talk to someone who knows the legal "ins and outs" in your state before you make a decision that could make things worse for you.

If they actually inventoried and bagged your PP yes they can charge a resonable fee.Some dishonest repo people steal your PP or try to charge for getting it yourself.Contact your lender to see if they allow repo guys to charge a fee or if the fee is very high.They are not entitled to hold your PP if they hassle you contact the police.

VDC is Vehicle Dynamics Control VDC is composed of 2 main systems: VTD plus VDC full time 4 wheel traction and engine management. VDC is traction control that senses vehicle direction and uses brake, throttle and engine management to help maintain stability. The components of the VDC system are: all wheel drive using the VTD system. When the wheels are spinning without traction or the vehicle is not going in the direction it is being steered, the VDC system kicks in. Direction: uses brakes to slow down wheels to reduce spin and help control vehicle direction. Skidding: yaw and steering wheel sensors use brakes to slow down spinning wheels and re-direct power to the wheel(s) with the best traction to re-gain control. Engine power use engine output to slow spinning by reducing spark to cylinders to cut back power and help re-gain control.

Yes, make your payments or contact the lender and work something out. They do not want to repo your car. They loose, and you loose big time. Talk to them. Not with the police it is a civil matter between you and the lender.

To whom it concerns: The bank would rather have the money then your car so of course they would be willing to talk to you but tell them where your car is and make your payment and get a reciept .P.S.use your home phone and make your coversation short and sweet and have your car when you go to the bank when you do make your payments and dont procrastinate the longer you wait the more its going to cost you. I would have to agree with the previous poster. The lender would rather have the money than the car. They do need to be made aware of any change in address, phone number, employment etc. so they don't think you are hiding. If they think you are hiding, they will send it out for repo and demand full payoff if you redeem. You would not find yourself in the position of having a repoman after your car if the bank is in active negotiations with you. If they know where to find you and they have recently seen the condition of the vehicle then there is no real reason to hire us. It's the disconnected phones and lack of communication that gets us work.

You might have to start with a second opinion at your expense (which you might be able to recover later) from another mechanic. Check your policy to see what the dispute resolution process is. Also, your state government will have a department which oversees insurance companies, and which should be able to help you understand your rights and the insurance company's obligations in your case. Just knowing that you have contacted them may soften the company's stand a bit. A couple of helpful articles: http://law.freeadvice.com/insurance_law/auto_insurance/resolve_dispute_insurance.htm http://law.freeadvice.com/insurance_law/auto_insurance/government_insurance_regulations.htm

Now this might be hard for you to understand.TAKE IT IN TO THEM AND SHOW THEM THE DARNED THING.Do you have any idea how many people use that excuse so take it to them and prove it.

No this is a bogus fee.Don't pay it ask for a reciept for what they are trying to charge you for.

NO...NO...AND...NO.Dont let this person scare you there blowing hot air keep your payments current and dont worry about it and if this person touches your car in the wrong way call the law.

Is the loan or the registration in someone elses name??If loan is someone elses name their credit takes the hit there is nothing you can do.If the registration is in someone elses name then they are fine.Hope this helps.

To whom it may concern: Im not a resident of N.J. but I have repoed in mich.,ohio,and tenn. and there all supposed to do this so I would assume so does N.J. but call a local attorney to be for sure good luck.

Neither. You credit will be ruined for 7 years. You will also have to pay the difference in what they sell the car for and the balance on the note, plus administrative fees. Contact the lender and work something out. Voluntary or not, having your car repossess is a very bad idea with long term consequences. Don't let it happen. there is a big difference in involuntary and voluntary repo. Talk with your finaceers and tell them you have to let it go back.Make arragments to take it to them You will have to pay any difference they get for selling the car.It will be on you record but being voluntary it will not stand as a repo. you will still be able to get the credit you need. Due to health I did this with a house and car.It did not hurt my credit.Everyone was willing to give a second chance.

Only if that person is on the contract cosigner etc. and no they cant take your house.