Repossession

Continue to call them and work out a settlement. Most likely they won't pick up the car if you are in a different state than the Lien holder. They don't want the car they want the money. It will cost them more to pick it up and resale it, than for them to just work out a new payment plan for the remaining balance.

It may be Boyle's law, but there is not enough context in the question to be sure.

The conversion program I used comes up with an average of 11,800pounds. The range is from 8,000 to a high of 16400.

Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.

Someone who would tell you if they wanted you to know.

If there's a lienholder on that vehicle, yes, that lienholder can repossess it.

Some mechanics may work as repossessors, but they can only repossess when contracted to do so by the entity which holds the lien to that vehicle. What you're probably thinking of is a mechanic's lien, which is a lien placed against that vehicle due to a delinquency in payment for work performed.

An amount of money owed refers to a debt or obligation that one party has to pay another. This can arise from loans, credit purchases, or services rendered. It represents a liability on the debtor's balance sheet and must be settled either through payment or other agreed-upon means. In financial terms, it is often recorded as accounts payable or outstanding debt.

Red, white, or gold.

Yes but it's almost unheard of. You would have to pay all back monies owed and pay for the repossession, but why would they chance you again and go through all the red tape if you ignored all their requests for money, phone calls, letters etc and let it get to repo stage.

Payments must be paid on time when they are due. One must remember that it is not "your car" until it is fully paid for. Until then the outfit that lent you the money owns the legal title to the car. You are just the registered owner, not the legal owner. The legal owner has all rights to repossess the car anytime the payment is not made on time.

They shouldn't-in general they keep the peace but will not interfere and repo men can't do that.

To stop a repossession, you can first communicate with your lender to discuss your financial situation and explore options such as loan modification or a repayment plan. You may also consider selling the asset voluntarily to pay off the debt. Additionally, seeking legal advice can help you understand your rights and possible defenses against repossession. Lastly, filing for bankruptcy may temporarily halt repossession proceedings, but it's essential to understand the long-term implications.

They can for the most part legally repossess the car when you miss 1 payment. This is all spelled out in the contract you signed. In reality they will, more than likely, not start repossession proceedings if you miss 1 payment. Miss 2 payments and they for sure will. If you are having problems making the payments do not just ignore this. Contact the lender and work something out. The last thing you want to happen is get the car repossessed and ruin your credit for 7 years.

Not unless he has a legal warrant signed by the court

Laws on this (and interpretations of those laws) can vary in different jurisdictions. In some states, there is a law dictating "peaceful repossession", and knocking on a door at midnight might be considered in violation of that.

The notice that is sent to a patient that shows the amount owed to the physician is called a statement.

It's going to knock down your score and you can forget about financing another for a while, Although it will be resold and you will owe them less, they can send you to collections on the difference between sale amt and loan even though they now have the asset. They also charge for the repo based on how many attempts and so forth. As far as how bad it will hurt your score it depends on amount and who it is. Some are better at reporting negatives and amount may or may not result in a judgement which would hurt your score more.

Finance charges are applied to credit card balances that aren't paid before the grace period. Different credit cards calculate finance charges in different ways.

Only if you have a lien on it.

They continue searching for it. Repo agents investigate. They don't just give up if the car isn't waiting for them when they show up. They'll figure out the habits of the debtor, they'll keep a close eye on them... basically, they'll make it pointless for the debtor to hold onto the car, because the risk of them hooking and booking the vehicle will always be there anytime the vehicle is taken into public.

That's on the recovery agency's end.

As for what the lienholder will do, that depends on a number of things. The lienholder is the lawful owner of the vehicle, and thus, has legal options available to them.

If they are a co owner on the reg, they have as much right to it as you-essentially, neither one of you can keep the other from using it paid for or not.

No, you will not get your payments back. If you do not complete the purchase, you have essentially been renting the property.

Almost all auto lenders will report a reposession to the credit bureaus. There is a possibility that they won't report to all three credit bureaus as credit reporting is a voluntary system. They may only report to one or two of the bureaus.

No, a repo agent cannot legally enter a locked gate without permission from the property owner or without a court order. Trespassing laws generally prohibit unauthorized access to private property, and repo agents must adhere to these laws while attempting to recover collateral. They typically use legal methods to secure the return of the asset, which may include notifying the owner or seeking assistance from law enforcement if necessary.