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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
Do you have a right to take a car away if you are the cosigner?
Well if the original person that you co-signed with defaults on the payments and you are stuck with the payments, technically it is your vehicle and you can take the person to court and take control of the vehicle.
Do car companies eventually write off unpaid car loans and let you keep your car?
No, they would likely repossess the car.
I think the car goes to whomever reaches it first, (I THINK)
Does it matte rif they died in Georgia?? they could have died in Washington and it would be the same, right?
It depends on where you are. Here in Tennessee, there is no "cooling off" period. Once you sign the paperwork, the car is yours. The only way to change it is if the dealership and/or finance company agrees.
What are most cars made out of?
Steel. The engine-block may be of cast-iron or aluminium-alloy, as may some other components, and of course the interior upholstery and trim are plastic in most cars; but the predominant material is mild steel.
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
Without a will, her estate will have to go through probate.
No. The bank has a prior lien. The mechanic's lien takes second place.
If you pay the minimum monthly payment will you owe interest?
Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.
If a person dies can you give car back to bank?
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
How many month late before they can repo?
When a finance company stops receiving payments from a car owner, they will initially send out a default notice in order to state that the repayments have not been made. This will give you the opportunity to clear arrears and usually gives a time frame of 7 - 14 days to put things right.
If payments are still not made, the finance company will then apply for a repossession order from the courts so they can send bailiffs to repossess the car. The time frame for this process usually varies depending on the finance company, some will act quicker than others. You can expect the bailiffs to arrive at your door within a month from the expiry date of the default notice. The car will often be sold at auction at a knockdown price and the finance company will then pursue you in order to recover the difference.
It is always recommended to contact the finance company and not avoid them. They will often try to come to a resolution and repossessing the car is usually the last resort.
How can you have a towing company release a lien with out payment?
A court order is the only legal avenue.
Can your car be towed if you park behind your driveway?
I'm not sure exactly what you mean, but if you are referring to repossesion, in some states, your car can be towed anytime from anywhere. In some states, the repo agent must have a court order, so...in short, it depends on where you are and the local laws.
No, that is the job of the company that gave you the loan. The repo company can take your car the second they find it, but the real expense and trouble comes from the loan company you stole from. If you do not release the car you are in possession of stolen goods after a court judgment.
The practice of privateering was outlawed by the international community in the Declaration of Paris in 1856.
Can a leased vehicle be reported as stolen for nonpayment?
Yes. If the person who is on the lease actively attempts to leave the state or region of the country AND it is proven they attempted to HIDE the vehicle, then some states allow the owner of the asset to declare it as stolen and it may be on the BOLO list for police in your new local area.
Can you take your stuff out of the car while its in impound?
NO! you cant its impound for a reason good luck
What if a creditor is threatening to come to my house?
In the majority of states a creditor or collector can go to the residence of the debtor. However, the debtor or owner/renter of the residence can request that the person leave and not return. If said person does not comply, the residential owner/renter can enlist the assistance of the local police to have he or she removed from the property.
What happens if you already have a lease on your car and you co sign for your boyfriends car?
It means you are legally reliable for your boyfriends car if he does not make payments.
What does i want to park my car in your garage mean?
It means to insert the male sex organ into a female's vaginal passage way.
What are consumer rights regarding bounced checks?
It depends on which customer you are. a. The customer who issued the cheque i. As per laws if we issue a cheque without sufficient funds in our account, the person who received the cheque can raise a complaint on us and we can be jailed. But if you offer to pay the due amount to the other person then you may be forgiven. b. The customer who tried to encash the cheque i. As per laws if you are issued a cheque which was returned because of insufficient funds, you can raise a legal complaint (with the police) on the person who issued you that cheque. The law authorities would take steps to ensure that your money is returned or the person who cheated you is sufficiently punished.
