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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

Repo law in NJ?

There is a good overview on REPO-LAWS

Just search the way I typed it.

If I Default on a car loan and hide the car?

if you hide the car and they can't find it, they want do any thing but look for the car consistance for about 60 days and stop for about six months, and start looking for the car again ...in about after nine months most car company stop looking for the car...and will but this on your credit report...if you keep the insurance up on the car they probably will stop looking...and write it off.

Can you legally hide a vehicle from a joint owner?

No. A joint owner has every right to the vehicle, just as much as you do. That includes knowing where it is, and having access to and usage of it.

Edu is garnishing wages can they offset fed return with out notice?

Yes, any garnishment for federal student loans has the ability to take your income tax refund checks without any notice, since such ability is prescribed by law or regulation.

You borrowed 9000 to buy a new car you paid 1800 backwhat percent is paid off?

Randy borrowed $9000 to buy a new car. So far he has paid $1800 of his loan back. What percent of the loan is paid off?

When a lessee sells leased equipment to a third party the lessor cannot under any circumstances recover the equipment from the buyer?

Wrong. If the lessee sells equipment to someone else that does not belong to him then it becomes stolen equipment. Then the buyer is in possession of stolen equipment. If the buyer knows or should know that the equipment is stolen, he is committing a felony. It is punishable by time in prison. The material is returned to the original owner.

What happens to the cosigner if you are in chp 7 bankruptcy and you default on your car loan?

If you default on your loan, the cosigner is stuck with paying it off. If your credit had been any good in the first place, you would not have needed a cosigner.

Can a car be reposessed after judgment?

Whether or not a car can be repossessed after a judgment depends on the judgment.

Can wages be garnished on an auto repo in Maryland?

Yes, but only by an order of the courts brought by a motion from the plaintiffs for such wage garnishments to occur. The bank or collections agency can not garnish wages without the courts, and if they threaten to take such actions without intentions or ability they may be in violation of State and/or Federal collections laws.

How long do car loans stay on a credit report?

If its just the loan, then the line of credit will end after 7 years of the final payment. Same with bad payment info. But Credit score will not change unless newer lines of credit have been opened and made good/worse.

What if you had a wreck and was late on your insurance payment?

It depends on two things - how late were you and what state do you live in? Almost all the states allow you to be reasonably late on your payments - less than 2 weeks - without the policy cancelling. If you had already gone through the grace period and your policy actually lapsed (went out of force), then you would be responsible for the damages caused by your accident.

http://www.coloradosbestinsurance.com

Car loan written off and you still have car do you still have to pay it?

most cases no.. the company will write it off to the IRS as cancel credit/debt..

Then you will become responsible for taxes on the balance owed. Which the IRS will send you a 1099-C If you ever receive one paid it in full, interest and plenty fee will apply after a due date..

Can a finance company repossess your car if your license is suspended?

They won't repossess it for your license being suspended, but they can repossess it when you fail to make payments, regardless of what the current status of your license is.

How to handle money owed by decedent to the state?

The executor should pay the bill. If there isn't enough to pay it, the state may not get their money.

Do you have to pay a debt without verification?

Depends on who your asking. The first-party, or original creditor, is not require to provide you with any validity notice and is generally not required to have to "prove" the debt to you, that in the end is what the civil legal system is for. However, if a debt collector attempts to collect a debt they are required by law to provide you with a notice on their first letter giving you the right to dispute the debt and to request it to be verified. However, if you do not request this within that first 30-days they can keep trying to collect and do not have to accept your request afterwords. Now if you properly requested then to verify the debt, they are required to stop all collections actions, verify the debt, and provide you with a notice telling you the original credits name, date of origination, and amount. Generally debtors try to use the verification process to provide a list of proof like a copy of a signed agreement, which the collections agency is not required to obtain or send back.

Can i take a car away from a spouse if i own it?

Not if their doing something productive with it. The court will rule in their favor if they transport children, go to work, or something along those lines.

What does ppi stand for to police impound yards?

private property impound - possibly due to parked in a private lot

Can somebody cosign for a car for you over the phone?

Unfortunately, no. When someone is cosigning something, they must be present. The reason being that they have to be there in person to sign the papers personally.

You are trying to find out where someone is employed to garnish wages from a vehicle accident How do you find that information out?

The best way would be to hire a debt collections or law firm to collect the judgment. They can typically be hired on a commission rate and cover all the costs in getting the debt paid. Another way would be to use one of those online people searching tools, however that would not give you access to things like credit report data.

Is the landowner entitled to the lease bonus payment on an oil and gas lease?

Not if you only own the surface and you don't own the minerals or mineral rights. You would be entitled to damages to the land though.

I am a buyer of mineral rights or minerals in North Dakota, Colorado, Oklahoma, Texas, Wyoming and other states. Call or email me before you sell or if you need any help.

Tim Metz

Telephone #580-227-2456

email address:

tm59707@classicnet.net

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