0
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 you take a financed car abroad?
That depends upon the terms of your loan; typically additional insurance called "credit life" needs to be purchased on the value of the loan.
Is it better to turn your car in or let it be repossessed?
It would be better just to turn it in but it's a lot of work trying to locate it and recover it.
Is it against the law to hide your car from being repossessed in tx?
Yes. It's a violation of Texas Penal Code section 32.33 (b) if a person "destroys, removes, conceals, encumbers, or otherwise harms or reduces the value of the property" involved in a secured debt, which would include the car in a car loan.
There's a very small loophole in that the person doing so has to have "intent to hinder enforcement of the interest or lien", but this is mostly closed by the provision that you're assumed to have had such intent if you've missed a payment and you failed to immediately hand over the car when the lender asked for it. If they haven't actually asked you to return the vehicle, you might be able to avoid the criminal charge if for example you can prove that you normally leave your car in a friend's garage or whatever, and that it wasn't there out of any desire on your part to conceal its location from the lender.
The seriousness of the crime depends on the value of the car. For most cars it will either be a state jail felony ($1,500 or more, but less than $20,000) or a third degree felony ($20,000 or more, but less than $100,000).
How can you have a repo on your credit score and not own a house or car?
You may be a victim of identity theft or may have your credit report merged with someone else.
This is what you do:
1. get a copy of your credit report
2. Go over the reports, look for any accounts or inquiries you do not recognize
3. If you find account you do not recognize contact the 3 credit bureaus.
4. If the accounts are verified, contact your local police department and fill out a police report.
5. Fill out an identity theft affidavit and mail it to the FTC, Credit bureaus, questionable account creditors.
6. File a complaint with the FTC.
7. Contact the credit bureaus Again.
If you don't want to do this yourself, you may hire a credit repair company to help you resolve this issue.
What is no credit car loan means?
Auto loans for no credit people tend to be unguaranteed and there's no have to place the beneficial resources because the security from the loan quantity. For these kinds of loans the particular guarantee will be the car by itself.
The loan sum is dependent upon the price of the actual car along with other aspects. The co-signer with good credit report will help the particular borrowers with no credit report to find the greater loan amount ad the actual low interest rate. The actual co-signer gets the particular guarantor for the actual loan quantity given to the particular borrowers.
The actual loan term is available in 2 types. Long-term loans have got low interest rates. Short term loans have got increased rate regarding interest compared to long term loans. Loan expression additionally depends on the particular loan amount and the repaying ability of the borrowers.
Auto loans for no credit people possess some standards for the actual borrowers. The actual lender would like the borrowers with a set job and income. The particular borrower must have a legitimate bank-account and correct paperwork demonstrating the particular client's personal information.
What is the most advantageous incoterm for the buyer?
This will be DDP (your warehouse) according to Incoterms 2010.
Sellerv is responsible to deliver cargo at your doorstep and bears all the risks and costs.
Keep in mind that your influence on routing and delivery time is kept to a minmum and check first if the seller is able to make such a delivery including paying taxes in your country.
Is it illegal to hide your car from repossession in the state of Idaho?
YES! Don't hide your car from the police it's very bad.
Will the primary and co signer have bad credit if a car is repossed?
Yes. It will be reported on their credit records.
Yes. It will be reported on their credit records.
Yes. It will be reported on their credit records.
Yes. It will be reported on their credit records.
How long before they stop trying to repossess a vehicle?
Most companies will not stop until the past due amount is paid current, or loan balance is paid in full. Now, with that being said, you may have the car hidden, or swapped with a relative or friend, and lie to the agent there to pick the car up. Not a wise choice. Banks are like people in the aspect of loaning. You loan it, you want it back. You don't want to beg for it back, banks don't want to beg for it back.. This is where the legal term Replevin comes in. This is the last resort for the bank to get the car or money...now listen up! When you signed the contract for the car, you agreed that if in default, you would hand the car over at the time a bank representative (recovery agent) knocks the door and asks for the unit. If you fail to do this and give the run around, you are now at risk of the sheriffs dept showing up to serve the Replevin. In short, at that time, you have 3 choices. 1: Hand over the vehicle 2: call the bank and pay the balance in full (they will not work with you if it gets to this point so have the money ready) 3: If you cannot produce the collateral or the money when the sheriff comes knocking, you could be arrested on the spot for theft of mortgaged collateral. My advice...hand the car over.
Can a company repossess your vehicle if your payments are up to date?
Not legally, but if you bought the car from Barney's backyard sales & mower repair, maybe.
What happens if your car is stolen prior to being repossessed?
Your insurance would be responsible for the value of your car, minus the deductible. Make sure you have a police report and a very good alibi as you could be a suspect for the theft.
Can you get financed for a car if you were denied a loan through the bank?
No, you may only do it if you fry a pancake on your stomach, while being in a tub of hot oil.
Can an investergator get involved in a repo?
If the investegator is acting in his capacity as a police officer, then the repossession would be considered to be done under the color of law. It probably would not be a lawful repossession.
What happens if you do not pay educational loan?
if we don't pay educational loan, our passport maybe will blocked from visit another country. also our name can be included in CTOS, so after we want make anything loan its can be complicated.
Is there any way to get a repossessed car back without paying the car insurance?
Not Unless you can prove that you already had the required insurance.
AnswerNo. as soon as you have no insurance on a leased vehicle, the lein holder has the legal right to repo it.Well when mummy car and daddy car really love eachother ..........
Can a co signer refuse to return a car?
All a co-signer is someone who agrees to pay off the debt if the loan goes into default
Is a car considered a content of a property in a will?
Yes, it is considered a content of a property in a will. The reason why i think that is,because of how there modeled or what they have on there car of what there made of.
