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What else can I help you with?
What states require auto repossession licensing?
Texas, Oregon, Washington and others.
What are the FHA auto repossession guidelines?
The FHA does not have specific guidelines for auto repossession. Auto repossession is typically governed by state laws and the terms of the loan agreement between the borrower and the lender. It is important to review the terms of the loan agreement and consult with legal counsel if facing auto repossession.
Do you receive notification before auto repossession?
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
Can an auto repossession cause wage garnishment if the car was purchased in Texas but I live in Louisiana?
That is a sticky question they could come to your state and garnish
A sample letter of vehicle repossession for the state of Texas Where can you find one?
Sample letter of vehicle repossession for the state of texas
How many points does your credit score drop after an auto repossession?
http://www.NationalScoreIndex.com. Overall, the study found that: * The average Experian PLUS(SM) Score for consumers with no late auto payments is 689 versus 596 for consumers with at least one late auto payment. When a payment is late by 90 or more days, the average score dropped to 574. * 1.5 percent of consumers who have an auto have a repossession noted on their credit file. The average credit score for those with a repossession dropped even further to 566. The states with the highest repossession rate are Arizona, New Mexico, Texas, South Carolina and Nevada.
Is there an Auto Repossession Statute of Limitation in Mississippi?
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
What is the maximum automobile repossession fee that can be charged in Texas?
Some states have set maximum amounts for repossession fees. The state of Texas,. however has not set a maximum amount on the fee that can be charged for a car repossession.
Can the auto repossession people come to your job?
Yes.
What can be done to stop auto repossion?
in the process of repossession?
Can Virginia garnish your wages for an auto repossession?
Your wages can be garnished for an auto repossession if there is a court order. All wage garnishment's must be obtained from the county court of your residence.
What is self-help repo in Texas?
In Texas, a self-help repo refers to the process by which a lender or repossession agent can reclaim a vehicle from a borrower without court intervention, provided it can be done without breaching the peace. This means that the repossession must occur without force, threats, or any disturbance to the public. Texas law requires that the lender notify the borrower after the repossession, and the borrower has the right to redeem the vehicle by paying off the debt. This process is often utilized when borrowers default on their auto loans.
