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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

You were the beneficiary of a car in a will but the car still has a lien?

You cannot will, what you do not own. You were only willed the EQUITY, in the car, if any. Here is what you do. find out what the car is worth, verses what is owed. Look online for like models, for sale. That will give you an idea of value. Compare that number, to amount of payoff. You will have to call the bank, on this. Payoff, and amount of money ewed on the loan, are usually different. The payoff, will usually eliminate a bunch of interest. Anyway, compare the two, and if it is worth more than owed, then you have equity, or cash value there. If it is worth less than owed, you may be better to walk away from it. This is something only you can decide. At least all this will give you the information you need, to make your decision.

Can loan companies harrass you at work to collect?

Under the FDCPA (Fair Debt Collections Practices Act) a lender or their authorized agent may contact you at work any time you may be there once per day, or to notify you of a change of status on your account. If you notify them that you do not want to receive calls at you place of employment, then all calls must cease. If however you do not provide the lender or their agent with a reliable means to contact you and your POE is the only means of contact they have, they may contact you there to notify you of changes of status.

If you are behind on your car payments should you file bankruptcy before the vehicle is repossessed?

Before doing that, you should go to your bank and explain your situation. They might be able to take over the loan at a lower interest rate. That way your payments may become smaller. If that doesn't work, maybe call whoever has your laon and explain your situation, see if there's anything they can do. * No. Bankruptcy should be the last resort for a debtor. Be that as it may, bankruptcy will not keep a vehicle from being repossessed or the borrower for being responsible for the loan. Secured property such as a vehicle are not dischargeable in bankruptcy.

If you get hurt at work after being back for two weeks from being out on workmans comp what do you do?

If this is an injury to the SAME body part that you were previously temporarily disabled by, you have an exacerbation or new and further injury under the same claim. If you have injured a different body part, file a new and separate claim. What you really need to do is let your manager know NOW - don't wait any longer - and let them file it with the carrier. The adjuster will investigate the claim and determine if this is new and further or an entirely new claim.

How do you put a lein on a car?

If you have a open title and someone takes it and puts it in their name without your okay can you put a lein on it,

What happens if you voluntary repo a vehicle?

Voluntary repossession" is a term used to describe a situation in which a consumer voluntarily surrenders the property securing a loan, such as an automobile, to the lender that financed the purchase. Voluntary repossessions generally occur when a consumer has fallen behind on his or her loan payments, and decides to surrender the property rather than forcing the creditor to proceed with repossession. Voluntary repossessions occur most frequently with vehicles, but can occur with any type of secured loan, such as the purchase of work equipment, jewelry, etc.

How many trucks or vehicles does Buffalo Rock Company have?

According to the Fleet Manager of the Birmingham office, there are approximately 2,100 vehicles in the whole company. This includes leased vehicles, forklifts, cars, and delivery trucks. In Birmingham alone, there are 225 vehicles operating in the metro area. Buffalo Rock consists of thirteen divisions and a corporate division operating in Georgia, Alabama, and the Florida panhandle.

You bought a car and your contract is different from the contract the lien holder has What do you do?

Contact the dealership. Maybe somebody just sent the wrong paperwork (it happens). If they don't correct it toot sweet then I'd advise reporting them to whoever oversees car dealerships in your state (probably the Department of Motor Vehicles and/or the Consumer Protection Agency) to get it resolved.

In California can a car company charge the remaining balance on a contract if the car gets totaled even though you have never missed a payment?

Of course they can. They owned a car they were letting you use (technically, maybe you co-owned it, but unless you were just about to pay it off they probably had more equity in it than you did, and possibly a lot more). You crashed it. How exactly is that their fault and why should they have to bear the financial burden?

Can i shoot someone threatening me with their car?

No. You need to remove yourself from the situation and get out of the way. ADDED: Correct. The situation (as you describe it "threatening") does not rise to the level of self defense, and you are capable of leaving the scene.

How do you repossess your vehicle if you loaned it to someone and they are in another state?

Good question, do you where the car is? If so, you can go get it yourself. Have you contacted the person and told them to bring it back? If you have, they wont, you can report it stolen in most states. If that doesnt apply, email me.

What are the consequences of voluntarily repossessing a car after having it for 6 months?

Credit will be ruined for 7 years. You will also pay the difference in what the lender sells the car for and the balance on the note, and possibly the repossession fees. Avoid this if at all possible. Talk to the lender and see if you can work this out.

What does a porter at a car dealership do?

A porter at a dealership is in charge of tagging cars when they come in for service or they are just move cars around the lot. They also have to clean the cars and make sure it gets to the right place. Its a good job.

What is protective writ?

Depending on terminology of your jurisdiction, a writ is a claim, action or other document by which proceedings to sue are initiated. The term 'protective writ' ordinarily refers to such a claim which is initiated for the sole purpose of reserving rights that would be lost if the claim were not lodged. In particular the customary use of a protective writ is to initiate a claim before the period in which you are able to make such a claim elapses. That is, it is designed to initiate a claim before the statute of limitations (or equivalent) prevents the bringing of the action. Ordinarily the claim is not comprehensive but it is seen as more worthwhile to lodge a claim in some form, notwithstanding that the party will need to substantially amend the claim in due course, rather than having the entire claim time barred.

I was storing a car at a friend's house and he sold my car?

Unless you gave him something in writing that showed you transferred title to him or gave him specific instructions to sell it in your stead, then he's committed Grand Theft (in most states, defined as stealing something valued more than $2000), and can be arrested and prosecuted.

How long does Equifax keep a bankruptcy on file?

Generally ten years from the time of the last (closing) activity of the said bankruptcy.

Do charge offs go off if you file chapter 13 bankruptcy?

Charge off will still show up on your credit report as such as well as the bankruptcy. Chapter 13 requires the individual to repay a portion of the charged off balance this is a type of Settlement that the credit card companies/loan agengies will accept as legally binding agreement. Chapter 13 usually require a payment for 36 to 60 months.

Which company led the mobile homes industry in 2002?

The industry leader in 2002 was Champion Enterprises, which had sales of $1.37 billion that year, an 11.4 percent decrease over the previous year.

What is standard paper called?

The international standard is called A4. It measures 8.27 inches by 11.7 inches.

The North American standard is called "Letter." It measures 8.5 inches by 11 inches.

How may times can a repo company try to repossess your vehicle before just giving up?

Ive never heard of a repo company just giving up, they dont get paid unless they get the car. They will eventually catch the car or have a sheriff come out and help

Who manufactured the Transformer hideaway repo unit in the DFW area?

Not sure of a unit called a Transformer, but Pierce Sales in Henrietta, Texas had one called The Recluse that folded out of a normal pickup truck and turned into a repo truck. There was another unit called The Illusion made by a company in Houston, but I believe they went out of business.

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