Repossession

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.

Long as you put it in your reaffirmation so that it will not be part of your bankruptcy you will be able to keep it. Same thing as with a house. Just as long as it was part of the agreement that it was not included in your bankruptcy then you are o.k.

Sorry my friend a repo is a repo now if it would of been 2 days before.Now what I would do is get ahold of the bank preferrably with some brownies in your hand and do some begging maybe just maybe they help you since it takes effort on there part to report it and besides you didnt yank them around after the fact like so many people do hopefully you catch someone in a good mood.P.S. hurry before they have the oppertunnity to report it.Good luck and I hope this helped you. If you show up two hours after the store closes, is it still closed? I don't buy that showing up to the store crap for a second. That's a quiters answer. I've showed up to a closed store before and knocked on the window and gotten them to let me in. I made a $1200 purchase and we were both happy. It's never over till they say it's over...and even then I am a pain in the ass to get rid of. Your bank controls what is reported and the first answer is not a bad one. Go down and talk to the lender. Sometimes people have long standing relationships with banks and do a lot of other business other than vehicle loans. I know someone who had three great mortgages thru his bank and a great standing reputation. He had a son who stopped paying and the car was repoed. The guy paid the fees and took care of it. They didn't dink his credit cause they know he is a good customer. It's case by case but it's not written in some holy bible of bank laws that they have to report. Actually no one is required to report by any laws other than corporate procedures. I am a collector at a Credit Union in Utah and we do not report a repossession to your credit if you redeem the vehicle or pay it off within ten days of the repossession. We only report the repossession to your credit if you do not redeem the vehicle within ten days or if you are threatening or inhibit the repossession process either physically or verbally. We reserve the right to report the repossession even if you redeem the vehicle. We choose not to in 99% of the cases that redeem in ten days to motivate them to redeem.

Rights? they have the obligation to pay if the primary signator defaults (which is what caused the repo). they may or may not be on title, which determines some of their property rights. You would need to check local (state) laws regarding this. You really take on a serious risk when co-signing and should do so carefully. If the person who bought the car defaults, then you have to pay for it or have it go on your credit report as a bad debt. If you credit history was good, this can really mess you up as most credit issuers are using other companies records to base their own interest rates. You can get royally done in from higher interest rates. So, if you can afford to, get that car redeemed (pay it current and get it back) and make sure that the payments are on time from here on out.

A cosigner is a person who signs with another person for a loan of some sort due to credit issues or financial reasons. A cosigner unfortunately does not have as many rights as the person who is first listed on a loan. For example, if you purchase a car and your boyfriend/girlfriend cosigns for you and you two break up, they cannot take the car away from you. However, if you are late on payments, the cosigner will then be responsible for the payments.

NO !!!this is a civil matter between the lender and the loanee the police will not get involved period.Do you think banks would bother hiring repo morons if they could get the police to do their work for them????

depends you should receive a notice in the mail from the lender as to the auction date and place.

They can come onto your property because you gave them permission when you signed the loan.If it someone elses property that is trespass but after they have the vehicle the point is moot as long as they didn't damage the property.

Laws on this will vary by state. Chances are this is a small claims matter and many courts provide free legal advisers on small claims matters. You should contact the local court to see if they offer such a program. You should sue the lender not the repo company.Do not waste time in small claims you can represent yourself in regular court.It is not that hard the clerks will help you get the forms some states have the forms online.Also take a look at the fair debt collection act it will help you with your case.Good luck!!

You will pay the difference in what they sell the car for and the balance that is owed on the note. You may also pay the repo fees. Your credit will be ruined for 7 years. Contact the lender ASAP and work this out. They do not want to repo your car and I am sure you do not want to loose it. Actually they have to sue you first to garnish your wages but why let the facts get in the way.

On Hook coverage is a special unique part of a commercial auto policy written for tow truck companies. The On Hook coverage provides physical damage coverage to the vehicle that you are towing while it is being towed. If you are in possession of the vehicle and are fixing it, garaging it until you can fix it, etc then you would need to have garage keepers legal liability.

Auto repair shops and tow companies have special insurance policies to cover their unique needs such as the aforementioned, but also need liability, auto liability while testing vehicles, workers compensation and property insurance.

Parentiinsurance.com can be visited to get quotes on any of these policies and we are also happy to help provide you a better understanding of what the coverages do to protect your company against loss.

Yes, this is because the loan agreement was voided when you were late with one payment.The lender has decided to auction or sell the car even though you can bring the loan current,they can do this.

Yes he/she is just as responsible for the loan as the signor of the loan.