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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 Reposession Law for Florida?

Generally, your creditor has legal authority to seize your car as soon as you default on your loan. Once you are in default, your creditor may repossess your car at any time without prior notice and may come onto your property to do so. However, the creditor may not commit a "breach of the peace" by using physical force or threats of force. If this occurs, your creditor may be required to pay a penalty or compensate you for any harm done to you or your property.

What happens when you stop financing a car that's been totatled?

You will Be put into collections for the remainder owing on the car and the intrest that ammount collects over the period of time it is owing. if you did not put the accident through your insurance you pretty much F@%&'d yourself. I have a 06 civic that was backed into in a HONDA dealership parking lot, by a HONDA employee, that is financed through HONDA. rigt now im considering letting them repo it... but i dont knowwhat thats going to do to my credit..

One third of a number is less than half of the same number what is the number?

One-third of ANY number is less than half of that number - no matter what number you pick.

What cars are for trailer?

There are lots of cars for trailer, but there are trailers made for non-trailer cars.

Does your car get impounded if you dont have proof of insurance?

It depends on the legal jurisdiction, and the decision of the officer who made the stop. But, yes, in many locales you car can be impounded.

Letter of late payment of school fees?

With due respect, I beg to say that I am a student of Class VII of your school.

How long overdue until your vehicle can be repossessed?

Technically the car can be repossessed when your loan becomes 30 days late. The industry standard is to start looking for the car after 90 days. This is for large banks. If you purchase a car at a 'buy here pay here' lot, they WILL take the car on the 31'st day.

What is the diff of a car or vehicle?

The "diff" is an abbreviation for differential.Most cars have 2, but some only have 1. They are located on the axles, usually towards the center. They hold gears and gear oil. They help put the vehicles horsepower to the drive wheels. Only 4 wheel drive and All wheel drive cars have 2 differentials. If they are just rear wqheel drive the differential willbe in the rear axle, and if its a front wheel drive vehicle then the differential is located in the front axle.

In Texas when a car is impounded how much does it cost to take it out?

well I'm not positively sure but you pay a set fee I wanna say 100 dollars and than have proof of 6 months of insurance....that's how it was with a friend of mine cuz he was driving without insurance

Best bank to refinance your car?

It depends on credit mostly. You just have to shop around but try not to have your credit report pulled too many times or too frequently because it will lower your credit score.

The repo man came to repo your car in the middle of the night and ran your doorbell off the hook and almost broke your door down is that legal?

Hmmm, that's a tough one. But as far as I know, what he did IS legal unless he did actual damage to your door or anything else. Most of the time they either use a key from the dealership or get the car on a tow truck. In other words they would really rather not deal with the owners. So the fact that they knocked on your door at all is odd, unless they needed you to open the garage or a gate or something to get to the car.

If your house is repossessed do you keep its contents?

You get to keep all of the contents which do not fall into what is commonly known as "fixtures." Furniture, furnishings and personal property are not fixtures, therefore you may keep them. Anything which is affixed to the house itself stays. Things like chandeliers, ceiling fans and wall-to-wall carpeting are part of the house and should stay; although frequently, many people remove items like that as they leave and nothing is really done by the repossessing party. The difference between fixtures and non-fixtures is not always very clear.

Can the person repossessing your car remove the license plates from it?

I want to say No I havn't ever heard of this being done. Different states have different laws regarding repossession.

Can you get a free hpi car check online?

Yes, you can get free hpi car check alternative online. There are many websites giving car history details.

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