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Repossession
Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.
11,694 Questions
A 'Repo Man' is a person who gets paid by a company to repossess anything (usually cars, planes, automobiles, etc.) that hasn't been paid for in 3 months or more. The person can just take it back to the company, but he/she has to have the right papers so they can take it. Basically, if the person hasn't paid the rent (usually for cars and such) for a while, it gets repossessed.
What are the felony laws in the state of Arizona?
You're looking for Arizona Title 13 - Criminal Law
http://www.azleg.gov/ArizonaRevisedStatutes.asp?Title=13
What happens to car loan while in basic training for military?
Failure to pay a loan can result in repossession, regardless of military circumstance. There is no special relief available for loans to military personnel, and the UCMJ is clear about servicemembers financial obligations being within the purview of civilian laws.
Can you lease a car if you are unemployed?
Leasing requires income. A financial institution/leaser will likely turn you down if you are unemployed. You can try, it never hurts.
I believe tht too. Leasing of a car requires your income statement and SSN. If you are not working probably you wont have any income tht month or months. But there could be a possiblity that they can let you sign the lease and make you pay after 6 months or so with interest or your friend or somone else can lease it for you and make a deal with you about money and other stuff.
Unemployed car finance is one of the easiest way through which unemployed people can finance their car. It offers the amount from which you can buy a brand new car or a used car. You can easily get sufficient amount of funds according to your needs. Such loans are not only designed for buying car you can also buy different types of automobile vehicle including bus, car, van and truck
These kinds of auto loans are designed particularly for those people who are not on work and not receiving any government benefits. If you are going through the same situation then there is no need to struggle any more to find out the lenders who will provide you funds when you are required to buy a new car. It might possible that big lenders will hesitate at offering loan to but there are number of companies are placed in the market that are specialized in offering unemployed car finance
Can a repo agency contact your employer and slander your name?
yep
AKA, the Fair Debt Collection Practices Act, nope.
All a repo agency (or any other debt collector) can do is verify your employment and location. They CANNOT reveal ANY debt information (much less their intent to repo your vehicle) or even insinuate that you HAVE a debt. For more info on what a debt collector can and can't do, take a looksee at: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf If a repo agency DID slander you to your employer, please take the time to complain about them ... they have invaded your privacy and stomped on your rights!!
No, you don't. RVs are exempted from CDL requirements. Your state, however, may require that you upgrade your licence if the vehicle is over 26,000 lbs. GVWR.
You can be CHARGED with it. However, the cops will most likely run routine license checks on the car, and will figure out whose car it actually is, and remove that charge. I hope for your sake that the person who's car it was gave you permission to use their car, or you will get a car theft charge as well ^^
What happens to a corporation after a bankruptcy discharge?
Partnerships and corporations must liquidate under state law before or on completion of the proceeding.
Statute of limitations in colorado?
The statute of limitations for a civil case in Colorado is two years.
Below is an article that explains Colorado's statue laws further.
Are You Upside Down on Your Car?
Being upside-down on a car loan, means owing more on the loan than the trade-in-value of your car. As you owe more than your car value, even selling your car for payment could not help, so you are stuck with the car and the payments. Upside-down on your car loan is not a problem until you don't want to change your car while making timely payments and you have auto insurance in case of accident. Quite a lot of people experience this situation for the simple reason of not choosing loan terms and type of car wisely while applying for a car. Depending upon the age of the car, some cars will depreciate early. Thus it is necessary for one to consider the car loan terms in accordance to the type and value of car. For instance, if a person has car loan amortize period more than five years, than probably you owe more interest than the value of car as most of the monthly payment goes toward paying off interest amount. Same is the case with people having bad credit as they are forced to accept a higher interest rate while buying a car and as a result a whole lot of their dollar goes in paying up only the interest amount while leaving the principle as it is. Although there are quite a few option available if you are in this situation. Pre-payment
For the people being upside-down on their car loan, pre-payment could be the smart option to pay off the loan faster. Hence, if a person does not owe much on the loan, he/she can make extra payments each month get rid from being upside down. As making extra payments will help to pay off the loan faster. But before paying any extra payments you need to make sure that your current loan does not have any pre-payment penalties that could restrict you from paying extra cash. Car Refinance
Refinancing upside-down car loan is also a good option for the people as refinancing allows you to redefine your loan terms. Hence through refinancing you can either lower your interest rate or shorten your term period which can ultimately benefit you to get out of upside down situation. In case your lenders do not grant you a traditional refinance car loan you may opt for a home equity loan. These type of secured loans have a low interest rates which not only allows you to pay off your loan quickly but also without spending additional cash. With refinancing you can even shorten your loan term and pay off the loan much faster and do not loose anymore money on the car. Transferring Balance to a New Car Loan
For the people who are looking to replace their car can close the gap of unpaid balance on their current loan and the car's resale value purchase by transferring their unpaid balance of old car on the new car loan and make the lump sum payment for both the car. Thus you can get your new car while being upside down.
What if the seller refuses to take the car back?
Park the RV in a high traffic area, with permission of the landlord, with huge signs that read: I bought this lemon at such and such dealership. They hate negative publicity and will usually do something just to avoid further negative publicity. Call the dealership and tell them you plan to leave the vehicle with the signs on it until they do something or go out of business. Try to park the thing as close to the dealership as possible so that future potential customers going to do business there will see the lemon advertisement. ANSWER lET THE BUYER BEWARE. if you bought it from another individual or used car dealer, you should have the car checked by a mechanic or take a mechanically inclined person with you. if you feel you bought a lemon, there are consumer agencies you can contact like the better business bureau, local tv stations, your local consumer affairs office or court.
Can you trade in your new car that you still owe a lot on for a significantly cheaper car?
It is not a good idea to make such a trade.
The dealer will offer you significantly less then you owe, and move the difference unto your cheaper car. The bank may not even want to finance your cheaper car because the collateral would not cover the entire loan balance. You may be able to get approved if you purchase GAP insurance when making the trade; however, there is no guarantee.
Even if you can get approved, it would not be the best choice to do so. Imagine making a $500 payment on a car that over 5 years would have had a $300 payment. You could probably keep the more expensive car for the same $500 a month.
Weigh the options. It is usually more expensive to trade the more expensive car for a cheaper one.
What happens if you car is repossessed and you don't work or have any property?
If you don't work, you have no money. If you have no money, you can't get your car back. It will be sold at auction and you will be responsible for paying the difference of what it sells for and what you owe. If it sells for MORE than what you owe, you should get a check for the difference.
Did your car get repossessed by the IRS?
The IRS can reposses everything-- Even your clothes!!! Technically yes, but it very rarely happens. An IRS lien technically attaches to EVERYTHING you own (even your toothbrush), but that doesn't mean the IRS is going to come take your toothbrush.
the bank has to
file papers with dmv to see if it was done wrong and if so the dmv will void the original title and issue the bank another title with there name as lien holder then sell the car
the middle of the road
What methods are useful for recovering stolen property?
Look at craigslist in your area and see if your property shows up for sale. Keep an eye on second hand and pawn shops too.
WHAT "was all bank error"?? IF the whole entire repo "was all bank error", then you need an attorney now. ASAP. The bank has insurance to cover "errors and omissions".
No.
How much does it cost to disown a parent?
It is free, well except for the trial fees and lawyer payments and a filage cost. Seriously I want to disown my father but I live in a state that does not allow it. So I changed my last name into my mothers maiden name and I try to help and encourage all people interested in disownment.
What is the number of days car can be repoed?
If a loan is one day late they can repossess the vehicle, but most lenders would never do that
Can you be garnished for the same thing twice?
If you mean for the same judgment, YES. Two judgments for the same defaulted loan, NO.
