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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 is the net in the back of the car called?

The net in the trunk of your car/suv is called a cargo net and is used to keep things separated and from falling out

Can a repo man repo tools?

yes you can repo tools like tractors.

What things do you need to finance a car?

an arm and a leg. lol

A good down payment wont hurt either.

Good credit for better interest rates for a loan, etc.

What is the name for a concealed gunman?

A gunman who shoots from a position of concealment is called a sniper.

Can you get an another auto financed if you already have one financed?

The general rule in auto financing is: One income one loan two incomes two loans. Meaning one person one income one loan two people two incomes two loans. There are exceptions If your income is a high income and your expenses are relatively low, then yes second auto loans happen. Of course it also depends on your credit.

Can a co-signer repossess a vehicle if a sibling is not making payments?

The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title.

If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto.

Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.

Can a bank demand payment in full on an auto loan if the vehicle was repossessed for no insurance?

Yes. A bank repossesses a vehicle for nonpayment. If your vehicle was taken for being on a public roadway and not having insurance, it was impounded. When a vehicle is impounded, a lien is placed on it by the agency which ordered the impound. The interests of government agencies override those of the bank, and they can sell your vehicle to recoup impound costs if you do not reclaim it within a specified period of time. In this case, the bank receives nothing from the sale, and you still owe the bank the remaining balance.

How do you get a car title if the person sign it in the wrong place and is now dead?

Talk to their LIVE brothers/sisters,or any of their close relatives ,or perants to get their permission to have the title of their car my guess if they are selling it would be around 10,000?Just try to get their permission first!

How much money do you get paid for repossessing a car?

I'm sure it depends on where you are, but the finance company that I used to work for paid between $150 and $300 per car, depending whether the customer voluntarily surrendered the car or whether the repo agent had to take it.

If I missed five payments on a motorcycle can I pay them late and avoid repossession?

Up until the time that your motorcycle is actually repossessed, the dealer will be happy to receive your payments, even if they are late, and will allow you to keep the motorcycle. But if you wait too long the repossession will happen.

What makes a car a car?

"Car" is an informal word so there is no technical definition. Most people will agree though, that a car has its own engine, four wheels, with seats for a driver and potentially passengers, and is designed to primarily transport people.

Can the impound lot charge storage fees for the days they are closed?

they are the man, they can and will do anything to make money. they don't expect you to waste money in court disputing your case because it is not sensible. the man sucks.

If you already have a wage garnishment can they do a bank garnishment too?

If you are getting garnished you seriously need to consider bankrupcy. Just from the sound of your question it is clear that more than one creditor is causing you some drama. Laws for garnishment vary by state. For instance in NC no one except child support and IRS can garnish your wages or go into your bank account. The state you live in makes a huge impact so you need detailed information from someone who is well informed about your state. You might come out better just by moving.

What legal actions can be taken if you owe a collection agency money but you do not have wages to garnish or property to take?

You cannot get blood from a stone. If you owe on an unsecured debt then that is that. In some states they do have some aggressive collection laws but if you have nothing then what can they take. You need to look into bankruptcy if your state does not have enough consumer protections to keep you from loosing your sanity.

If my car is repossesed can they take your home?

no they can't they can only put a judgment against you for what you owed left on it

How do you found out if your car is on a repo list?

There are no such lists available to the public. The repossession agent is allowed to recover the vehicle at the original lender's request. In some states notice is required and/or a replevin order from the court.

You may not have on or in your vehicle?

red or blue emergency lights, which are for emergency and law enforcement vehicles only. It is correct to say 'have on your vehicle' if you are referring to something mechanical, and correct to use '. . .in your vehicle', when referring to something in the vehicle's interior.

Can a vehicle be taken in Kentucky without warning if you are one payment late?

If you financed the car at one of those ripoff buy here pay here lots they can and usually will. Sorry.

Can a repo man come in your unlocked fence yard and repo your car in the backyard?

yes they are allowed on your property hide it in the garage if you have one

Who do I report location of a vehicle that is up for recovery and do they offer finders fee?

at the mind your own businnes,dude get a life,there is no such a thing as offer finders fee!!!! bah.