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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
Can estate take car away from buyer if co-buyer dies?
No. Not if both names were on the Certificate of Title. The surviving co-owner would own the car.
If you cosigned for a car loan how can you get out of the loan?
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
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
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.
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.
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.
Is there any recourse a cosigner has against the borrower of a defaulted loan?
No, there is no legal recourse that i know of, but I do know of a way to help yourself if the loans are Federally Guaranteed student loans. Have the borrower consolidate the loans without you being a cosigner. Then, the previous loans will be paid off, and a new loan will be made. If you need help getting the defaulted loans consolidated, contact Default Management Services. Google the company name for a phone #. Ask for Doug, he is very knowledgeable.
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
Can an employer garnish wages for a debt owed to the employer?
No. Wages can only be garnished in very few situations and by the government-like for back child support. He would have to have a court order to garnish your wages for anything. else. The article below explains the instances in which wage garnishment is allowed more specifically.
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.
Can you go to jail for defaulting a title loan on a 1st payment default?
No, you can not go to jail for nonpayment of student loans. You can have your wages garnished and tax refund check withheld though.
There are only 2 ways to get out of default on your Federally Guaranteed student loans.
- Contact your collection company or student loan servicer and request to enter the rehabilitation program. Most people qualify, but I have seen some refused when the default is over 10 years old. In the rehabilitation program, you will need to make 9-12 on-time payments in addition to your garnishment. After the 9-12 on-time payments, they should stop the garnishment, but you will stay in a default status until your Rehabed loans are sold to a new lender. In the past, that was an easy process, but in these turbulent financial times, other lenders are not buying rehabed loans. So, with this option your loans will stay in a Default status for the forseeable future.
- The second way you can get out of default and have your garnishment lifted is to consolidate your loans. These days very few Federal lenders will consolidate defaulted loans and your lender will probably not release the loan for consolidation while in a garnishment stage. The good news is, there are a few companies out there that will help you get a garnishment lifted and find a Federal lender to consolidate the loans. One good example is Default Management Services, Inc. They are the cheapest I have seen and give a 100% money back guarantee on their services. You can Google the company name to get the phone #. Ask for Doug.
Can they come on private property and repossess your car in Kentucky?
Yes they can even though it is on your private propery since you have no longer been making the payments the bank owns it and it is their property and they have the right to retrieve it
What can you do if lender doesn't repo vehicle when you are in default?
Keep driving it. Keep it insured. Maybe someday they will figure it out; so make sure you have an alternate means of transportation. I have a car that was "repossessed " in 2004. Still have it. Just want to get rid of it now. That is a REAL question.
"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.
Can a lien holder come and steal your car back with out any notice if you are only 5 days late?
francisco yes
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.
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
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.
