Repossession

Depends,if you mainyin open channels w/loan dept.,you can make remedial payments for quite some time. i repo bikes & have seen them p/u in less than 6 weeks to as long as 6 mo. CONTACT,CONTACT,CONTACT! They do not want your car back!

Yes, as long as an active repossession order exists, the vehicle will eventually be recovered. If it is seen in towing position by a recovery agent, he will take it. Keep in mind that many repossession agencies have spotters who do nothing but stake-out wanted units, or look for them in public locations where recovery agents may secure them. Any attempt to hide the vehicle or prevent the recovery could be prosecuted. Repossession is a time game, an inevitability. Hundreds of thousands of vehicles are repossessed in the US every year. Less than 1% of 1% of the vehicles up for repossession are successfully hidden for any significant time. And, some states are passing laws that will prevent parties who have active repossession orders against vehicles registered to them from registering any vehicles in that state. If you have active arrangements with the lender, hope your payment reaches them before the recovery agent is able to secure the vehicle in question. Be certain to contact the lender and get their assurance that repossession activites have been cancelled once the payment is received. Your best course of action is to take the payment to the lender, and while there have them call the repossession agency who has the active order and witness them cancelling the order.

No. Once the loan is charged off, it is technically off the lender's active books. It is still advisable to pay off the charged off amount so as to correct any issues it may have created for your credit rating. Be advised however that if you do not have a signed agreement with the lender, they are not required by law to accept any partial payments, and can refuse anything less that payment in full.

They can choose to if they first obtain a judgment for the unpaid balance.

I think VIN is not necessary to check the history of a vehicle. If you know the VRN of the car, then it's simple and instant. There are many top sites offering car history check for free. But everyone may not be genuine. Try Car Analytics. This site is an awarded one.

Can it? Yes, by the lender in some case. If the debtor is actively attempting to hinder repossession in many states, or if the vehicle is in possession of a third party who is not on the loan or vehicle registration, then a repossession agent may file a stolen vehicle report. Most will not, preferring to allow the lender to take such action instead.

Can it be reported stolen by the debtor once repossession takes place? Often vehicles are reported stolen after repossession happens. However, this is a cautious area. Most debtors already know the vehicle is being sought, and law enforcement takes a dim view of filing false or malicious reports.

Yes they can and yes they do. Often after the sale of a repossessed vehicle, there remains a balance due. Many debtors refuse to pay this believing the sale of the vehicle should be fair compensation for the debt. However, from the moment the contract is signed, the vehicle becomes simply a pawn in the game, a means to an end. That end is the loan contract. If the borrower defaults on the loan to the point that repossession becomes an option, the vehicle is only considered a means of recovering some of the balance owed. In rare cases, more than what is owed is obtained in the sale of a repossessed vehicle, and the debtor is due a refund of the difference. There are few debtors who would decline such. Why should the lender do so the other way?

The debtor. customer, client, payor.

Yes.

I'm trying to get this straight: if the son is on the account, and the son has an outstanding debt, and Chase has a judgment or the account is a Chase account, then yes. It does not matter if there are thirty people on the account that never signed for the loan. The fact that one person did is enough provided that person is indebted to Chase.

In most states someone else can register a car besides the titled owner if the proper paperwork is signed by the owner. The title will need to be filled out and signed by the person who will own the car.

In most states, a car cannot be repossessed unless the seller/creditor obtained a lien on the property to secure it. That lien must be perfected with the state, that is the security information must be recorded with the state. Also, in most states, a right to cure must have been signed by the purchaser to allow the lender to recover the vehicle any time any where. Failing all this, and additional requirements in some states, a private seller cannot legal repossess a vehicle without going through the courts and securing some sort of order such as a replevin.

Any vehicle you used to secure the consolidation loan is in danger of repossession. The lender may have already sent them for repossession and it is only a matter of time before the agency hired secures them. If you are catching up, it is in your best interest to get current on the loan as soon as possible. Contact the lender and discuss options. If you communicate with them, it could go easier for you.

Yes, a repossession company can gather what ever information is necessary to recover a vehicle or to secure the loan for the lender. This can include and is not limited to your place of employment; locations you may frequent, your residential address; the addresses and phone numbers of any references you listed on the loan application; the phone numbers and names of your neighbors in any attempt to contact you or locate the vehicle; the names, addresses, and phone numbers of your family members in an attempt to contact you or locate the vehicle; and, any other information that progresses the recovery of the property. Additionally, they have the resources to discover your private cell phone numbers and numbers of unpublished landline phones.

Yes. As the comaker on a loan, you are equally responsible for its payment. In the event the other party defaults, you either pay the loan yourself, convicne the other party to, or if able file bankruptcy.

You will pay the fees or you will face legal actions and more fees in the attempt to collect the debt. Your best course of action is to pay the storage fees for your personal property--the speakers--and avoid accruing greater debt.

The lender may hire a repossession company to recover the vehicle. Attempts will be made to contact you, to give you the opportunity to surrender the vehicle. If this fails, repossession agents will be given an order to recover the unit, and you may walk out of Walmart or the Piggly Wiggly one night to find the vehicle is not where you parked it. Your ice cream will melt, your children will cry, and you will have to rely upon the kindness of friends or family to drive you around until you can convince another lender to write a loan for you.

In some states, most that is at this point. However, most states are also passing or reviewing legislation that would prevent the registration of a vehicle up for repossession, and in some states such as Florida, the registration of any vehicle to a person who has a vehicle up for repossession.

Yes, in the event the court orders it.

Yes. Most lenders give customers 10 to 15 days grace to make a payment or for a payment made to post. However, by the language of most car notes, anything past a certain period of time (usually two weeks) is considered delinquent, and the balance of the loan is owed. The lender at this point is not required to accept anything less than payment of the remaining balance. And, the vehicle can be repossessed at any time to secure payment of the remaining balance.

Yes, they can and often they do to cover the unpaid balance of impound fees.

Yes, if they obtained a judgment in the processes. No employer will release wages to a third party without a valid order of garnishment however.

Yes, and many people whose wages are garnished are terminated. Few employer do not want to bother with the hassle or entaglement of garnishment.