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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

How do you get skins for cars on car town?

There are pre-made ones for certain cars, however, for others, you have to design it. It will cost 1,000 coins.

Is a person in default of a loan if they were never sent the paperwork to sign meaning the bank screwed up and does not have a signed contract for a car loan?

If you filled out and signed a loan application form and got the money, what do you think? Of course you are in default. Your case will be even weaker if you have made payments, but have stopped paying (or missed a payment) at some point.

Of course if your bank has just given you the money without you ever *officially* requesting it, then you may have a point. Still it would amount to an undue payment to you, which at some point you will have to return. In this case however, you are not automatically held to the bank's (unreasonable) terms and conditions and interest rates.

How do you remove lojack?

you don't it is against law in most states

What type of permit will you need to start your massage business?

You may need to be licensed as a physical therapist if you are using it for holistic (alternative) treatment, or attend state run classes to obtain a permit. Of course you will also need a permit for your business (practice?) itself.

It varies from state to state, and of course, country to country.

Can your car be reposessed if you move to another state?

Yes, your car can be repossessed. I ship cars for a company that repossesses cars out of state all the time.

When primary borrower files bankrupt how is cosigner affected?

The lender can go after the co-signer. If you are the co-signer you should consult with an attorney who can review the situation and explain your position.

What happens if you stop payment on payday loan?

Stop payments on payday loans will rarely work. They do ACH withdrawals from your bank account. All they have to do is enter a slightly different amount than what you stated on your stop payment order. It would still get sent through because the amount will be different. They're used to this. If you don't have the funds to pay your loan and they will not work with you, you may have to close your bank account. You can open a new one that they won't have access to. Let the bank know what's going on. They've seen it before most likely. Check your state laws. Some states have made payday lending illegal due to the excessive interest rates they charge. This means that they are not enforceable, and you may be able to get out of it. If your state allows payday lending, then you could always be sued for default, but that's about it. It's no different than not paying on a credit card.

Is repo men real?

NO! The TV show Operation Repo and all other Repo shows are fake. They have online postings for "characters" and pay a per day fee plus any other expenses. It's mostly actors who apply for these character openings. The show is completely fake and scripted. They tell the actors to act natural and shoot.

Also not to burst any bubbles but the TV show "Cheaters" is even more fake. They make no pretending about that. There are various actors who have been on the show that post about their experience. "But the host gets stabbed! You see it in the opening credits!" that's what every dunkin donut eating middle American moron says. Hate to break it to you... Santa is fake, Repo men is too.

Can a repo man refuse to give you your personal items out of a reposed car?

i dont know but i do believe they usually let you take out your items

What are attached homes?

Attached homes, commonly called town houses, can be owned by their occupants rather than rented. They are similar in construction to some apartment rental complexes, but town houses are separated from adjoining units by a ground-to-roof wall.

Does a lender need to notify you before they sell your car they repossessed?

Yes, they also have to send you official letter from auction at the price they sold it to deduct from the amount you own to the bank.

What if a lender repos your car and sells its for more than the balance due on loan?

You may only owe one payment, and if it's late, they can legally reposess your car. I would expect they would give you ample opportunity to catch up on your payment first. Once your car is repoed, they sell it, generally at auction. The money they make is theirs. You could check your own state laws, but generally there is nothing at all that precludes them from selling the car for more than you owe. On the opposite side of the coin, most repos end up getting sold for less than the debtor owed. Then, they come after you for the balance.

How can you tell if a g-shock is real or fake?

If it doesnt have Casio written at the top of the watch face, or if the the back doesnt have the G-Shock logo then its fake.

Also, if it has "Sport" or "Aquastar" written at the top then its fake

Can a car be reposessed if your loan is not in default?

Your contract may outline certain conditions that could still result in reposession, even if you're not late on your payments. For instance, the bank may require insurance coverage be maintained on the vehicle. Failure to do so could result in reposession. Read the fine print of your contract. If you can't find anything that helps you, contact a consumer rights attorney or bankruptcy attorney for a consult. They will most likely tell you the basics of what you need to know in your state for free.

How long after repossession does the finance company have to garnish your wages?

They aint going to....They try to scare you with that, as long as they have there property there good!!

What should every passenger do in a car?

fasten his or her seatbelt, make sure they are covered by third party insurance in case of a accident and most importantly make sure driver is licensed and sober :)

Is it legal for Bank of America to demand the entire balance of a car loan be paid if the borrower is three payments late?

Yes, its known as an acceleration clause. It was in your contract. That enables the lender to begin the process of repossession.

Can reposession agent go in home owners fence to recover vehicle?

Yes, as long as there is no breach of peace. The repossession agent cannot break a lock or damage property. They can only recover the vehicle which is behind a fence only if it is accessible.

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