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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

After having your car reposessed how hard will it be to try to buy another car?

It is not hard.You will have to pay a higher rate of interest.A better way to go is to lease to build your credit back up.An even better way to go is to buy outright and save your money.Remember that the repo stays on your credit whether or not you continue to pay for the car or pay the loan off it is still there.

Can a car dealership cash your check that was used for down payment if you were never approved for financing?

A check given to the dealership will be cashed. This is normal in business.

Whether they can keep the money or have to return it is based on what your purchase agreement reads.

Where I live if the purchase agreement has "Subject to financing" on it the down payment must be returned if the dealer can not get you financing and you can't get outside financing.

If it does not have that in it they get to keep the money.

You have stored personal property belonging to another person for 6 years you are no longer in contact with that person and he has never inquired about it Is it now legally your property?

Technically, the owner hasn't "abandoned" the property unless you can "prove" he or she intended to abandon it. Failure to reply to letters sent to last known address may not be enough, depending upon how valuable the property is.

You could file a complaint for disposition of abandoned property in the local court, and they will instruct you whether you need to hire a private investigator, or post notice in public places, or publish ads in various newspapers, or simply take the stuff.

This raises the question of who is (or will become) the rightful owner of abandoned property in your state? It may go to charity, unless you can (again) "prove" it was intended to be a gift to you personally. It may belong to the person's heirs at law, if they passed away and forgot to mention it to you. If it falls into a monetary category (stocks, gift cards, kruegerrands, etc), then the state may require you to place it into the custody of the state treasurer until the rightful owner can be determined.

If you file a Chapter 13 bankruptcy does that automatically stop a repossession?

YES, its called an AUTOMATIC STAY. ALL collection efforts must stop as soon as they are notified of your filing.

Does a company have to give you a notice in order to repo a car?

In SOME states, they have to send you a "right to cure" letter, but as far as "I'm coming to get your car at 4:30" NO. IF you are in default on the loan, the lender is hounding you wanting money, then you are subject to be repoed at the LENDERS discrection. Get your personal property out of the vehicle.

How can you transfer the title to the co-signer?

Thsi depends on who is actually listed on the title alone. If the cosigner appears second or not at all on the title, then the title transfer can be done at the DMV, showing the vehicle was "sold" to the co-signer. This will update the title and registration of the vehicle. Now, if the co-signer also wants to be the sole payee on the car loan, the co-sighner would need to refinance the auto-loan in their name alone and be approved.

Where is the VIN on a car?

Many vehicles will have it stamped on the top of the dash at the edge of windshield closest to the driver's side as well as either on the bottom of the door, or the body of the car where the closes.

Can a co owner charge rent to the other co owner?

No. Each tenant in common has the right to the use and possession of the entire property.

If your car gets stuck in one gear how do you stop the car?

Assuming that the car is a standard, you should first fully push in the clutch and then slowly press down the pedal, or pull up the handle, of your emergency brake (depending on what type you have in your vehicle) until you slow down to a complete stop.

I lost my job can't pay my car what you need to do?

You need to find another job and pay for itor the bank will confiscate your car.

Can you file criminal charges on behalf of your elderly grandmother in Texas if you found out she was physically beaten by your father's current wife?

Informing the authorties should be sufficient. You don't need to file charges or sign a complaint, just turn over your evidence or have your grandmother explain what happened. There is no excuse for "elder abuse" and it should not be ignored. Most communities have a police specialist that can help you with that problem. You are REQUIRED by Texas law to report suspectedelder abuse (abuse of persons aged 65 or older, or persons with disabilities). Failure to report is a crime, a class B misdemeanor punishable by confinement in jail for up to 180 days plus a possible fine up to $2000! Elder abuse is not limited to physical abuse; it also includes neglect and financial exploitation. Call 800-252-5400, the Department of Family and Protective Services' hotline. Adult Protective Service will investigate. For more information, go to: http://www.dfps.state.tx.us/Adult_Protection/About_Adult_Protective_Services/

What is the maximum fee an employer can charge an employee for wage withholding in ND?

They cannot charge any fee for performing the required payroll functions of an employer.

They are required to withhold.

The amount they must withhold is also defined.

What is the monthly payment for a F-250 truck?

It Depends on what year it is and how many miles is on it. A 2010 ext cab gas f250 4x4 around $40,000 MSRP PRICE You can get the truck for around $36,000 to $32,000

Can the owner take the car and resell it if you have the pink slip or can you get the car back?


Edward, this could get sticky. It depends on a lot of factors; what state you are in,did you sign a contract,are/were you in default of any contract, ect. Most states have a period for reinstatement of a contract(5-20 days) b4 the collateral can be resold. BUT, you have to pay the account current to get the car back. If you cant work this out with the owner, call a local attorney ASAP. Good Luck

If you buy a car from an auction do you have to insure the car?

Of course. Doesn't matter where or from whom one buys a car, do be driven on the public roadways, it must be insured.

Can a company go after your spouse for payment after i filed bankruptcy?

The answer depends on the state you live in. Generally, if you file under Chapter 13, a "co-debtor stay" goes into effect, which prevents creditors from collecting from you spouse unless they get court permission first. If you file under Chapter 7, nothing prevents your creditors from going after your spouse, unless you live in a community property state, or state law prohibits them from going after your spouse. Because the answer to your question is very state-specific, you should check with your bankruptcy attorney if you have one. For general info about bankruptcy, you can visit our website at the link below.

The above is provided for informational purposes only. It is not intended as legal advice, and does not create an attorney-client relationship.

How soon can they garnish your wages after a repossession?

That depends on several things. How gast the lenders attorneys are, how fast the court pushes cases thru,ect. Maybe a year?????

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