Repossession

Im not familiar with Colorado but in most states or at least in the states that I am aware of ,if you owe a balance yes they can garnish your wages to fulfill the obligation.

Your e-brake is probably on.

The best thing you can do is put a little time between when the collection agency first contacted you and when you plan to pay. Don't do anything fast. Slow it down. They will get tired of calling and be willing to settle after 30 to 60 days have passed.

Yes. It's better to just stop and talk with the guy. He obvioulsy knows where you go, no sense in trying to hide. Well gollee Maam, if he knows where you are to follow you, he can get in contact with you.

ABSOLUTLY! As long as you hold the title and a detailed bill of sale the car still belongs to you until the transaction is finished. When you get the car home (NO VIOLENCE

Yes because the turn in on the lease will damage your credit and affect the loan rate on your car loan

yes, unless the co-signer claims bankruptcy

If you are currently in Chapter 13 and you HAVE NOT signed a relief of stay, they cannot repo vehicle. If you signed a relief of stay for that vehicle loan, then get your stuff out and leave the keys in the ashtray.

It is sooo SIMPLE, you CONTACT the LENDER for further instructions.

You have the right to call/visit your B/K attorney and have s/he explain your rights as you've paid them to do. Who knows your case and state laws better??? Say I can't afford an attorney (which I can't). Now what? Then you cant afford to file B/K, but if you do file pro se, you better do your homework. The failure rate for pro se B.K is rather HIGH due to mistakes and lack of knowledge. Unfortunately, this is NOT the place to find that info. Search on "Bankruptcy" for better results. Check the links to the right too.

It' all comes down to your insurance company paying for everything and if there is a lawsuit then you have to pay everyone involved back any monies paid to you.Ask me I know I just finish paying all the dr's and insurance companies and a Lawyer. I ended up with squat.

Yes, If your auto finance contract requires you to have insurance on the vehicle and you fail to meet that obligation they can certainly repo the car for violation of your contract terms.

as many days as it is there if the car is there they can charge

The one who BORROWED the money and/or the on who COSIGNED the loan.

7 Years. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.

If you haven't been making your payments for a few months, you can pretty much bet your car is one the list.

Negative information on credit reports cannot arbitrarily be removed. They must remain on the report until the specified time limit expires. The expiration time for respossession is generally seven years. The consumer has the right to appeal/dispute an entry if they believe it to be invalid. The claim must be made in writing, with supporting evidence to prove the entry is inaccurate.

YES! Pay your repair bill and the problem goes away.

Yes. Additionally, you will be responsible for any late fees, repossession fees, storage fees, transportation fees, and legal fees and court cost incurred during the repossession process.

You get into really good physical shape from all the walking..... no. Seriously, what generally happens is your vehicle will go to the repossession company's storage facility (unless the bank has told them otherwise) and you have a certain amount of time to pay the bank up to get it back (I am not going to say how long you have because I don't know what state you are in. Most states give you 10 days but I don't know about where you are). If you fail to pay the bank up in that time, the vehicle gets remarketed. Be it by auction or private sale, again depends on your state. If the vehicle nets less than what you owed, it is called a deficiency and you are still liable for it. If it nets more than you owed, it is called a surplus and the bank owes you the difference. Again, it depends on your state. I would recommend you contact your state's attorney general's office to get the specific laws for your state.

Please contact the nearest military facility and ask for assistance from the legal officer. I can't guarantee this, but I think you should have some protection under the Soldiers and Sailors Civil Relief Act.

The lender will come after you for the remaining balance after the car is auctioned.You can either declare banckruptcy or work out a payment plan...or thelender can seek a judgment to garnish your wages.

You don't own a leased car, so you can't sell it. That'd be the same as renting a house and trying to sell it. If you can't afford it anymore, contact the leasing agent, and make arrangements with them. Without a doubt, there will be some stiff penalties, though. This isn't actually true at all. We are currently leasing a Toyota Corolla Sport and have contacted the company handling our lease and they have specifically told us that it is entirely possible to sell the leased car at payoff amount, whatever that may be at the time you decide to sell. It isn't the same as renting a house due to the fact that when renting a house you aren't tied to it for 36 months and then you have the option to own, trade it in or walk away. Leasing a vehicle is practically the same thing as getting a loan on the vehicle which you can pay off, but the catch is... If you don't sell it before the lease end, then you drop it off (hoping there isn't any extra money due to extra miles and wear and tear), buy it for the current value of the car or trade it in for another car. Leases allow people to get lower payments and this is what drives most people to take a lease on. Otherwise, the best option is to buy the vehicle which is almost the same as leasing accept after 36 months you own it and can do whatever you want with it... or you can sell it before hand (same as a lease) and move on. So... if this doesn't make sense or answer the question... We just sold our leased vehicle... So it is possible.