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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
What happens if deductible isn't paid after car is fixed?
The repair shop can lien the car and sell it.
Why do finance companies hire private investigators for repo?
Finance companies do not ordinarily hire private investigators to repossess a car. They normally hire repo professionals to do that. These folks investigate the whereabouts of the vehicle, identify it, and tow it back to the rightful owner, the rightful owner being the finance company. However, the vehicle is usually towed to a staging lot, usually the repo's business address, and arrangements are made to make up the payments by the buyer, or, repo places a for sale sign on the vehicle.
How do you keep car from knocking?
Your "KNOCK SENSOR" is probably bad. Take it to an auto parts store and they can check it for you. (I go to Auto Zone)
Are co-borrowers and co-signers the same?
It is my understanding that a co-borrower is a person who will also avail of the loan and shares the responsibility of repaying it, while a co-signer guarantees that the borrower(s) will repay the loan, and will be resonsible for it if the borrower does not repay it.
How do you report a vehicle stolen?
You call you local non-emergency number. Police if you live in the city limits, County Sherrif if you live in a rural area. The Dispatcher will direct your call, Just say " I want to report a stolen vehicle. Repos are NOT stolen.
A Corrective Action Program (CAP)
Is a member of an llc exempt from wage garnishment?
Yes in Illinois even a single member LLC gives protection to the member / members of the LLC. In the Quad Cities area and Peoria we have been really lucky getting default judgments against the members. If you know what judge will handle the case then you know how to handle the case in order to get the default judgment. If the judge "does not matter what law allows" allows service by regular mail then you are golden. You may need to send certified mail, send it to a old address if possible then it will look like they made a choice not to pick up the mail. Also you can check a box on the mail card saying that the person must sign in person, send this as late in the game as possible. When the mail person attempts to deliver he will place the tag on the door, when the person you are after gets home he will sign the card and leave it on the door. The mail person will come back and take the card but will not deliver because you checked the box that stated that the mail must be signed foe in person. The mail person will attempt several more time but by this time you will have a tracking number history that can be printed and used to show the judge that the person refused to sign for the mail as "he was avoiding" the courts authority to hear the case.
On your court date the soon to be debtor will not show and you will be given a default judgment. Now the new debtor could have avoided the judgment by coming to court and providing the section of law that "Limits Liability" and had the case dismissed. But since he did not show up despite your attempts to get him to court for a fair fight you win by default! The judge doesn't even hear the case he simply grants your demands against the defendant for as much as you asked for "hence" you didn't let him hide behind the silly LLC. Of course only use this method for good! One final thing, be sure to wait at least 30 days to start the garnishment actions or the debtor will have a chance to dismiss the default judgment!
Remember ask around to get the best judge possible!
Can car be repossessed if under joint ownership?
no..........only thing you own can be repossessed. anything that's joint owned rented or just dose not belong to you cant be taken.....you don't even have to let the in the door but once there enter for the first time they can come and go whenever they like and if your out and leave a door or window open they can enter that way and take what they like but you can tell them that the things they have taken are joint owned rented or just do not belong to you and they have to give them back.
Can you take co-dydramol and pregabalin?
yes... it is quite common to be prescribed BOTH.. for pain.. dont worry.. but it can cause constipation..lol x
Can you get your rims back off of a repossessed vehicle?
Probably not.
In general, the creditor must return to you any "personal property" that was within the car at the time of the repossession. However, "personal property" does not usually include anything which is actually attached to the car; those are legally considered to be part of the car itself and you don't get them back. For example, if you removed the factory radio and put in a several thousand dollar system with huge subwoofers and a powerful amp... sorry, that's gone now, it's part of the car.
You might be able to work out a deal with the creditor, if the car hasn't already been sold. However, they're under no legal obligation to do this. Also, since the car will almost certainly be sold at auction for less than the amount you still owe on it, you're going to wind up paying the difference between what the car sold for and what you still owe on it... which might have been less had you left your rims on it.
What is the subject of the sentence to buy a car it is necessary to have money?
The simple subject of the sentence is "it", in apposition to the infinitive phrase "to have money". Also, since the initial infinitive phrase ("to buy a car") is adverbial, it should be followed by a comma.
What are the advantages of signing a loan agreement?
Is there any advantages to co-signing for a home loan
How tall is Matt Burch from Operation Repo?
Matt Burch is around 5 foot 9. He weighs approximately 260 to
280 pounds. He is the Repo Agent / Bodyguard.
Can a bank repossess a car before the last day of payment?
Unless it's explicitly stated in the fine print that they can't do any such thing, they have a right to repossess the moment the payment is rendered late, if they so wish. However, if you have documentation from the bank showing them explicitly giving you a deadline date, and they come to repossess before then, you may have grounds for a lawsuit. However, you would need to find out if it was the bank which had your car repossessed on that particular day, or if it was the repossessors jumping the gun and going forth with it before the date which they were specified to take possession of the vehicle.
Can a car dealership or repo have your driver license suspended for 3 months of non payment?
No, they cannot.
Where can the repo company legally repo cars?
Anywhere except Federal Property (unless they have the necessary permits and licensing) and Native American Reservations (unless they have the permission of the tribe). So, pretty much anywhere. The single exception is that they may not enter a closed building such as a garage, however, if the can successfully hook the car from outside the garage, most states will turn a blind eye to the vehicle being dragged out an open door. And, if you have the vehicle closed in the garage, the driver will attempt to request you surrender it. If you refuse, likely as not he will return with a replevin and a law enforcement officer to take possession of the vehicle. Just give it up.
Can you still owe money after your motorhome is repossessed?
Absolutely. When an item is repossessed, it's typically auctioned off. The person who the property was repossessed from is still responsible for the difference between what the final auction price was and what the amount owed at the time of repossession was. Additionally, repossession, storage, and transportation costs will be added to the amount owed.
What is the difference between pay and payment?
Pay is a verb (often): Pay me now for the day.
Or, your pay often means what you take home: My pay is too low for all my expenses.
Payment: I mailed in the payment on my credit card.
I worked out a payment plan with the IRS and will pay them $100 a month until my debt is paid off.
You owe a minimum payment every month on your credit card.
You can pay it online or you can pay them by mailing in a check.
