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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

Do you have to pay for vehicle after being repossed and loan not satisfied?

Yes, you still have to pay. You signed a agreement stating that you would pay for the car. So the balance that you pay is the cost of the repossession and the cost of the vehicle after it is sold.

No! Then company will try to scare you but you don't have to pay it because its still going to be on your credit report.

Will paying more every month on car loan lower the total cost?

Yes it will. They car will be paid off earlier and interest will not be as much based of the total balance.

Can a police officer make a repo agent drop a car?

If the repo agent can demonstrate that he has lawful claim to take the car then the Police Officer cannot prevent him.

How can you act normal?

there is no way you can "act normal" everyone is unique in there own way so stop trying!

OR...........

act as everyone else around you does and avoid sticking out...

Can you pull a gun on a repo man on your property?

A gun cannot legally be pulled on someone who is repossessing property on behalf of a lender. In general, it is not legal to pull a firearm on someone unless they are demonstrating a clear and present danger.

How do you stop missing someone?

In order to stop missing someone, you can get rid of their personal effects or things that remind you of them. You can also avoid going to places or doing things that you would normally do with them.

When should i give my car back to the bank before or after filing bankruptcy in Alabama?

You give your car back to the bank after filing bankruptcy, the bank will ask your attorney for the vehicle back and give you a certain amount of time and the location to return it to. Definitely do not give it back before you file you will need to have it discharged legally from your debts.

How much does it cost to put a garage door?

I just put in a garage door opener for 350.00 with a man installing it. The door itself varies in cost on type. Price range about 199.00 up.

What other legal options has a car lender if they are unable to locate it to repossess it?

Lawsuit. They will get their money one way or the other. If they can't find the car they may have you arrested for a stolen car.

How can they still get money from us if they got 10000.00 at auction and you have paid 10500.00 do you still have to pay 10000.00 more for a car that cost 17000.00?

You paid $10.500 for auto. It went to auction! then it must of been repoed! How much did you owe on auto when it went to auction. the auction paid 10000 & THE COST WAS $17000.

Did they send you a paper showing balance owed to car along with auction sale price. I wouldn't pay another cent to them.

My car got repossess do i still have to pay for it?

when they take your car it go's to a auto auction not in your home town and if it does then you have the right to bid on it. anyway they auction it off and you could be libal for the balance after the auction price. If you knew you were going to lose it and gave it back or called and said come and get it more less you will not pay anything.

What if you want your vehicle repossessed?

I heard if you surrender your car back to the bank the loan is from, they will auction the car to get money back, if they DONT get the whole amount of what you OWE on the car... They will bill you the balance.

T

What is the average car payment in California?

According to Dave Ramsey at daveramsey.com,

Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them.

Is it legal for a used car dealership to run your credit more than once without your permission?

Technically, it may be legal depending on the circumstances. A business does not need your express permission to run your credit, but must have a "permissable purpose" for doing so. Credit card companies may re-check your credit to determine continued creditworthiness, car companies can run it several times for several potential lenders, and your employer may run it for background. If the company you are referring to did not have a permissable purpose the second time, it might not be legal.

What is the least amount of cars sold in a month?

I'm pretty sure the record has been around thirty. I think it was in July of 2001. I'm not exactly sure. It depends what kind of car or company your talking about.

What is the back part of the car called?

In England it is galled the boot

In the US it is called the trunk

You could also call it the rear end or the rear bumper.

Can you charge interest on money owed to you?

Under the late payment legislation,if you are in uk,you can.

and here's the link through which you can even calculate how much interest you can charge.

http://www.payontime.co.uk/calculator/statutory.html

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