Repossession

The comaker of any loan is the rightful owner of a vehicle as much as the maker. You are equally responsible for the payments on the vehicle, therefore you have equal rights to the vehicle. Have your copies of the signed loan papers ready when you go to take possession, and you may have to present this to the probate to recover your property.

If you still owe money on the car they would need to send you an invoice for the amount you still owe.

If you do not pay that amount, they would send you to collections. At this time your credit starts downhill.

If you still do not pay, they will take you to court. They will need to get a judgment on you before they can garnish your wages. This will cost you dearly! They add interest, fees for court and the cost of processing the garnishment.

Your employer can also charge you for the paperwork. They can even lay you off for poor credit in some cases.

Depending on your income situation and asset situation, then they may attempt to recover ALL remaining monies owed. If they see they cannot get money from a stone and you have NOTHING to sell to make good, then they often count their losses and just take the car, damage credit, and have a collection company harrass you. If you have home and/or assets or other cars, they will seek the payment for remaining owed money.

Yes, the lender may contract with a forwarding company who then sends the repossession order out to a repossession service, or a private service provider.

If you are asking if a vehicle you own can be recovered by another creditor entirely, then yes, if a court issues an order to liquidate or surrender other assets to pay an existing judgment.

Simply state in the letter that you wish to surrender the vehicle, list the loan number, the VIN, or any other way to identify the vehicle and the account with the lender. Notify them where the vehicle can be picked up, and where the keys will be located. And, have it there when the agents come to recover it.

No.

In most cases when the bankruptcy is over YOU have to reinstate either catch the default up pay the vehicle off or turn it back in. The finance company will in most case refuse to sign over a title on a secure loan you must give the property back. And from being a collector for a national bank you wont wait long to see a tow truck if you reinstate and miss a payment . one of my office rules call a debtor and they threaten bankruptcy I call the REPOMAN right away ,and get the unit picked up. Even in some cases people have filed bankruptcy and not included there vehicles in it and they have been repo'd . the bank will receive a letter and a court date

Yes, and potentially more than was owed before the repossession due to accrued fees.

Your wife and anyone who signed as comaker on that loan.

Contact the repossession company. When the vehicle is received at the repossession storage lot, the contents are inventoried and secured. You may recover your personal items, but there may be a fee associated with this.

Just a heads up: do not attempt to pad your list of personal items, for instance: that original, long lost Picaso you were storing in the trunk; well, unless you can provide undeniable proof that you owned it, and it was absolutely in the trunk, you will not recover a dime for it when the repo company cannot produce it. And, more importantly, if you attempt this and it annoys the repo company sufficiently, they could bring attempted fraud charges against you. So, keep it real.

They have the right to enter any property to secure the vehicle provided it does not interfere with keeping the peace and doing so does not cause damage to the vehicle or other property. Keep in mind however that if you are the one making noise about them repoing the vehicle, they are not the ones notkeeping the peace, you are. As such, you could be the one arrested. Wouldn't that be insult to injury?

Typically, one day past the grace period. Some lenders will only permit a debtor to be two weeks delinquent before starting the repossession machine.

If the vehicle is in your name, and the courts have issued an order to surrender or liquidate real property, yes.

Certainly. This happens quite often. Repossession agents have the means to pick the motorcycle up and place it safely on a flatbed.

Go to the state DMV or Secretary of State and file the required papers.

It is possible. Contact the loan company and explain your situation.

You should deliver the car to the dealership when the bankruptcy is signed. Clean it up and deliver it in good shape. Ask for a receipt.

Ask your local law enforcement agency. And then ask them the penalty for grand theft auto.

iCarly is set in Seattle but filmed in Los Angeles, California.

Popular myth! The reality is that everyone has a credit rating if they live in their own place. Buying a car on loan hurts your credit at first. (Loans are always bad) and then slowly increases your score until you are 12 months short of the end of your loan.

You can have a perfect score for credit and have never paid a bill on time. Your credit is not diminished until the 30th day after the due date of your loan. You can pay 25 days late forever and have perfect credit.

You can have bad credit even though you never pay late too! If you keep loans new or have more then 20% of your balance on credit cards your score goes down.

Every time you apply for a loan, you lower your score for a year. If you want high credit, pay your utility bills and rent on time! Do not get any loans! You will find the road to wealth is not from loans, but saving money. People with flashy cars are almost always broke.

He is called a poacher.

No reasonable loan company is going to take that chance. If you are struggling now, why make yourself even worse!? Just say no and start helping yourself out of your problems by not getting more debt. You screwed up once this way! Stop making porr decisions about money!

yes you do,the purpose of a co signer is that person is responsible for paying in the event that you dont pa,if that person is deceased you are still responsible.if you dont ,all non ppayments will go on your credit report

The name of the lien holder for your car should be listed on the title. If the lien holder was not listed on the title, it would be quite easy to sell your car without paying off the lien. A charge off means the person holding the loan considers you to be a deadbeat. It is put on your account when you are more than six months behind on your payments. The charge off does not mean you do not need to pay off the loan. It means you have ruined your credit. If it happened because the lien holder changed addresses without informing you and you tried to make your payments, then you need to get caught up and have him pull that bad report. He made the mistake and he can correct it or you will take it to court. If you did not pay up, take your medicine and start getting caught up to get your credit back.

Who do flower pots belong to that are connected to an automatic sprinkler system in the sale of a home?