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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

Can a finance company repossess your car if you have no insurance?

No, but depending on which state you live in your division of motor vehicles (or equivalent) can fine you hundreds of dollars for not having insurance.

Is it legal to videotape in a car dealership?

Depends on the interpretation of the dealership. If the law says it is legal, but the car dealership doesn't agree, you'll get an useless judicial dispute. Therefore, the best way is to convince the man that your video is completely innocent, which is a hard task.

Can you go to jail in Texas for hiding your finaced vehicle?

Yes, you can. It's a state jail felony if the value of the property is at least $1500, which is going to include most cars. (It becomes a third degree felony if the car is worth at least $20,000.)

Can you report a gun stolen from a car?

Yes, and you should report to protect yourself if that gun is used in the commission of a crime.

Can you be ticketed on private property?

Yes, you can be issued a citation on private property.

How are car loan defaults settled in court?

Under "contract law", in this instance the loan/payment agreement you signed at the time the car was handed over to you.

How can i get dealership?

dear sir i am intrested in haldiram product can you advise me

how to get dealership in qatar or nepal please inform me if some body have already dealership there thankyou

What is the statute of limitations of charge off auto loans in Virginia?

If you defaulted on a car loan, most states have a statutes of limitation of 10 years. Even though the lender may have "charged off" the debt, the debt could and probably has been sold o a collection agency. You can protect yourself from the Collection Agency from harassing you by sending them , by registered , a letter requesting Validation Of The DEbt. The Collection Company has to stop calling you and the must provide proof of the original loan and a signed copy of the contract, a license showing that they CAN collect the debt, and proof that they, indeed , have purchased the loan from the original creditor and the necessary paperwork to prove it. Most collection companies cannot obtain that information so is that is the case, you can contact the credit bureau that has it listed as a bad debt and showing the proof that you did contact the collection agency and received no response, the have to remove it from your credit report. If , in fact the collection agency DID report this questionable loan as delinquent without any of the above proof, you can sue them for defamation of character.

What happens when car loan is paid off but late charges are due?

THEN THE LOAN IS NOT PAID OFF!

All late charges, penalties are added to the principle amount and then the payments continue until all owed monies are paid.

Penalties and repossession are still done at this point in the process

How do you make payments to ServiceMaster Acceptance Company?

The only way to pay SMAC at this time is to either mail them a check or call and do a payment over the phone. They charge $3 to take a phone payment. They do take payments online as of now.

Need to fine my car it got repo?

i havent made payments on my car since january 2012. how can i check if my car is going to be reposessed for non payment. without calling the company i bought it from. is thetre a ;list of cars by make and license plate numbers

Can you sue after your home is taken by the bank?

The answer is, yes, you can sue anyone for any reason. However, if you default on your home loan the bank forecloses, you will probably not win as long as the bank followed all the laws for wherever you are located.

Who can apply for car loan after bankruptcy filing?

Assuming the bankruptcy has gone to discharge, the debtor can apply for a car loan almost immediately, as long as the income is enough to qualify. You will pay a high interest rate, though, if you make the payments on time for a year or so, you may be able to refinance. Watch out for "we finance here" dealers. They are often not licensed as lenders and will have you sign a document with a lot of blank spaces. Don't do it.

Go to a credit union or a small local bank, if possible.

If the bankruptcy is still pending, you need permission from the court.

Can you insure a car in a different state that is registered in a different state?

No. The Insurance Policy must reflect the garaging address in the very State in which the vehicle is licensed for road use. However, once insured in one State, for example, Arkansas, the vehicle is covered to drive any where in the United States of America. There are certain companies that will allow drivers to be listed on policies with out of State Drivers License.

What is the bank loan value of your car?

It's Depends on you earning and and documents you submitted for car loan.

What happens if you buy a vehicle privately by cash and the seller does not pay their loan?

Try to make him pay off his loan or you will have to pay it off cuz you cant register it. I know you can junk or sell a car with a loan on it. So i would take him to cort for fraud.

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