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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

Will a repossessed car be removed form your credit in 7 years?

It may or may not fall off your report in 7 years. This depends on the Statute of Limitations, which may vary from state to state. However, it usually will fall off your report along with other baddies* on your report...

* baddies: term referring to things on your credit report that bring your score down, like collections, repos, foreclosures, delinquencies, etc...

How can i find car owner using car reg please?

Police or Vehicle Licensing authority DMV (USA) or DVLA (UK) or insurance company (if known)

All will want to know your reason for wanting the information and may refuse to give it if they do not think you have a valid reason for knowing.

Owners of cars by there registrations is not public knowledge to prevent crimes it would be a criminal offence to obtain information as to the owner of a vehicle or their home address without their consent unless for insurance or legal reasons other than through the above authorities.

Can you settle a charge off with the finance company?

yes

Whether a debt is "charged off" or even discharged by a bankruptcy court, the debtor has the option of repaying the debt anyway. This is how many business reorganize their finances. The file for bankruptcy, have debt discharged but negotiate with the creditors after the bankruptcy to pay down the amount(s). That way the company can stay in business and also keep it's credit rating up.

Can you trade in your car if you still owe on the auto loan?

yes you can trade it in. But if you owe more than what the dealer is going to give you for the car the remaining balance will be added to your new loan

How do car dealers price their cars?

It depends...when the dealer has a lot of cars and has enough experiences he can have lower prices. If he got them for a normal price he can sell them with a price which can fit the buyers. But usually they sell their cars with a little higher price so that the buyers don't notice it. :)

Is there a furniture co called car p co?

I have an old smoking table/cabinet with a copper lined humidor. The tag on the inside of the cabinet says "Springfield Furniture Works". However when I removed the copper lining from the cabinet. the wood behind is stamped with Car. P. Co. The botom of the cabinet is scratched with a 689, I'm guessing that is the patern number.

Can you have a unregistered vehicle parked in your driveway in NJ?

Unregistered on private property is legal

Abandoned or derelict can be a different thing. The city can get after you for not keeping your yard up, the same as as if you didn't mow your lawn all summer.

When your car gets repossessed after 2 months of non payment can you get your down payment back?

No once it's repo'd you either have to work it out with whoever financed the vehicle to get it back or your at a total loss. And banks will sell the vehicle at an auction to the highest bidder which most likely if you just got the car will be thousands less than what you just financed it for,which you'll also owe on top of your loss.

When you're buying a car and your credit it bad does the car dealer have to pay the bank a fee to buy your loan?

Yes, In some cases. If you are only capable of being financed by a sub-prime

or secondary lender, there is a fee or comparatively a closing cost to secure the

funds necessary to finance that loan. Unfortunately you may have not to many

options as far as the vehicle on the lot you get to take home. The vehicle will have to be able to absorb the cost to finance as well as fall in the criteria, age, mileage and price in which the lender will be willing to finance. this is not an easy feat and can be discouraging. The dealer will not tell you there is a cost associated with this purchase because of the truth in lending laws. Good luck

What happen when you have a title loan and the car gets booted?

It's still your car as long as you pay for it. You are expected to pay impound to get it back.......................but they have the title

What types of business needs may trigger the start of a project?

-Customers' requests

-Business and social needs

-Legal requirements and Gov't standards

-Technological advances and required training

-Market demand

What nine states can reposses your car?

As far as I know all states cars can be repossesed with the correct legal paperwork.

Can you get your car repossion if you cant pay to get it out of impouned?

In a word, YES. If you cannot afford to get it out of impound, they will contact the leinholder and tell them where the car is, why it was impounded, (DWI, No

Insurance, Motor Vehicle violation, ect) Please note this is NOT ILLEGAL, the law enforcement agency and towing companies/impound lots are well within their rights under the law to make these contacts and furnish this information. It is NOT a private matter, you will have no recourse, the car will be turned over to the leinholder (IE: Bank, Credit Union, Leasing Co) if they pay the towing bill and storage fees.

Can you get tags on a car you owe money on?

Depends on if you paying it through a dealership or a privite car owner, but if its a dealership you can, but if its a privite owner you will have to get conset from him/her

Can a co-buyer register a vehicle?

Yes, a co-buyer can register a vehicle, provided that both parties are listed on the title. Registration typically requires the signatures of all owners, and both must provide necessary documentation, such as identification and proof of insurance. It's essential for co-buyers to check their local Department of Motor Vehicles (DMV) regulations, as procedures may vary by state.

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