Repossession

Call the bank (or whoever owns your loan) and tell them you cannot pay your loan. They may be able to work out a payment plan or...

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I have declared bankruptcy which included a vehicle re-possession and thank God, I now have great credit again! So good in fact,...

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Any activity that results in the recovery of the wanted vehicle is legal, provided the peace is maintained and there is a...

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Repo on Your CreditIt stays on your credit report for 7 years to the day the loan became delinquent. Say you made your last...

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It varies from state to state, but in your case about 10 to 14 days. Its time of process is counted on importance.

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Georgia's Repossession Laws TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION:...

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Vehicle repossession and your rightsAnytime you borrow money to buy a car, you should know that: The lender can repossess if you...

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Here is a variety of advice: If I were you I would check out your county for repossessions to be sold they generally sale...

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Yes, your car will be sold and if the price they sell it for is less than the balance left on the loan, plus the repossession...

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Title insurance rates vary from state to state and market to market. In some states, the fees are set by the AGENT, and are...

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You may have a certain right, known as a right to cure, whereby you are given a grace period to resume the original contract...

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AnswerSee related links for more information. CHAPTER 11. REPOSSESSORS Article 1. General Provisions...

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Cosigner Rights Upon Repossession I am a co-signer for a large car loan for one of my adult children. I wanted to know what...

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Here are a few ideas: Some insurers write new companies, but not all of them will. You may have trouble obtaining insurance...

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Yes, you can get your car back but you only have ten days to do so before the car goes to auction, in order to get your car back...

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Notice of Repossession In 9 (nine) states the lienholder has to send you a "right to cure" letter before they can repo. The time...

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Most automobile financing agreements allow a creditor to repossess your car any time you're in default. No notice is required. If...

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The co-signer of any loan has the same financial obligations and liabilities as the creditor! They can be sued and have their...

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Making Payments After Returning a CarNo, you do not have to make payments HOWEVER.....once they sell the car you still owe the...

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Keri, I suggest you think long and hard before you let it go back. The results are not nice at all on your credit rating. Read...

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AnswerMost likely. They are two separate issues.  AnswerYes. It will show that you no longer owe the debt, as...

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NO THE ORDER IS GIVEN FROM THE LENDER TO RECOVERY AGENT THE POLICE NEVER GET THIS INFO? The police only know when the tow...

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AnswerYes they can take you to court, try to get a judgment, and then try to garnish wages, put leins on property, etc. THis...

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I am also in the same situation you are in. According to my attorney, I don't have to move out until the mortgage company...

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Personal Property in the Vehicle According to the FTC: Regardless of the method used to dispose of a repossessed car, a creditor...

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In Texas, when your car is impounded, it is best to go immediately and retrieve your car. The towing charge and daily storage...

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Bottom line: YES it can. Although many things could factor into this answer, such as, have they given you anything in...

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The law can come and remove anything from anywhere if it is on a no parking place, tresspassing, or if you haven't been paying...

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Most lenders run their repo's through "dealer only" auctions but you there are still a lot of smaller banks and credit unions...

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Blocking your driveway sound to me a Breach of Peace.Once you get your car inside your garage and close the garage door, Repo...

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AnswerYou definitely have rights in this manner. Check the "Fair Debt Collection Practices Act." They have an official website...

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It is not legal to hide a vehicle from repossession! Regardless of your intent, you are obligated by contract, and by law, to...

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My car is about to be repossessed. I spoke to the lender who has the second mortgage on our house concerning how bad this would...

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I was told a voluntary car repo is worse, because that will be on your credit report as repo. With bankruptcy (Chapter 13) you...

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You got it. They do it all the time. It's called being "upside down" and it probably isn't a smart financial move. But, hey, it's...

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http://www.capitol.state.tx.us/statutes/statutes.html Business & Commerce Code self-help repo allowed NO breach of...

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You can also contact me! I represent an Industry driven Program that was designed to package all of the coverages that are...

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Well, "repo man", a bankruptcy will allow folks to get their car back - even after repo. The clincher is, if the car was...

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EZ - call your finance company. If you are behind on your payments more than 60 days there is a good chance they got it. You can...

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Repossessionalthough it is unlikely they would know about it (unless they called her and she told them) the only way to be...

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AnswerThey generally do not keep the keys, as it would be too many keys to keep track of. Each vehicle usually has a special code...

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AnswerKris, in MOST cases, you are responsible for the BALANCE DUE. Read the contract you signed to find out more on it.Its NOT...

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RepossessionThat is a repossession. Anytime the lender get's the car back instead of the money agreed to on the contract, it's a...

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Beware of this situation: You can't pay your mortgage and face foreclosure. A "lender" contacts you, offering help. First, the...

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You must get the finance company to agree to terms. You can't get the car back by any means other than getting the finance...

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I don't have an answer for you, but I can tell you that you are not alone. The repo man who picked up my truck was midway through...

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AnswerMost places cannot repo a car that has another lien on it, such as in your case. You will have to check your local...

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You could get an answer from your state court consumer protection division re this question. But my common sense would be...

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After a judgment, a creditor can take other property of yours (even your house) in some states. Each state has different...

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AnswerYes - but before you pay it off in full you can try get the finanance company to change what it says on your credit bureau...

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41.024 - Sale of Excess. An officer holding an execution sale of property of a judgment debtor whose homestead had been...

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Never just give your car back..A Repo is a Repo doesn't matter if they come and get it or you drop it off, you will still owe a...

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yes - I am suprised they didn't force place insurance coverage on the car when they found out you had no insurance. I am also...

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Your contract most likely states that the lender can demand payment in full at anytime. This means they can repossess the...

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Sell it, simple as that. People sell cars before they're paid-off all the time. Just call the finance company and see what...

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The financial institutions use auctions for such issues. They, for the most part, do not have lots where they will attempt to...

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If they are accepting payments - that will reflect negatively on them if they try to take you to court on a deficiency balance,...

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AnswerThere is no set fee for a repo. I charged 375.00 per car if it was a good address. 150.00 and up if i had to locate the...

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There are a lot of significant tools for asset recovery and skip tracing, however the trick to the trade is having the right...

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AnswerNO, the city CANT repossess your car. They can impound it for a violation of a city law. The only one who can repo a car is...

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AnswerTo the best of my knowledge there is no limit. This is their way of robbing people and unfortunatly the city usually just...

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yeah i got my vehicle reposessed and got it back next day possible. trust me you're not getting in the situation than trying to...

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TITLE STATE: Yes. SECURITY INTERESTS: Shown on title, held by first lien holder. LICENSE REGISTRATION: Delaware Division of Motor...

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AnswerYes, you can voluntarily give up one of your vehicles but still continue the payments on the other. It will, however,...

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AnswerThat is a case of damage to your property by them and you would have to make that claim against them. Obviously they can go...

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In most cases YES. You should talk to an attorney in your area for state specific advice. Yes, if the lender obtains a...

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Call DCA's Consumer Information Center toll-free at 1-800-952-5210. In the Sacramento area call (916) 445-1254. ag.ca.gov they...

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Yes, they can repo it it you have paid everything except one red cent. You put the car up for collertal. It doesn't matter if...

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As you likely know by now, the lender has the right to accelerate the balance due when the car is repoed. Usually this is upon...

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In Texas, you can return the car within a timely period. It does vary depending upon problems with the vehicle, but not just...

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Better is not the best word, but a chapter 7 could wipe out the car debt and your other debt. If you just to the repo - they can...

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Most likely. If you file before the vehicle is sold, the Automatic Stay that gets imposed stops the sale. You can then go back...

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the finance company won't let you get your name off of it. That way they can keep you on the hook since he can't pay for it. it...

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That really depends on the terms of the proposed stipulation. Without adequate protection such as a court-ordered repayment...

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Michele,you must be sponsored by an "E" agent. For more info go to this link, FLORIDA DEPARTMENT OF AGRICULTURE & CONSUMER...

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An automatic stay stops creditors from proceeding against you, either garnishing wages or siezing property. I think after the...

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Well, it all depends on the agency and the going rates of your state. AnswerUnless a "repo man" owns his own company he is only...

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It depends on the laws in the state where you live. You need to contact your lawyer. I suggest you file Chapter 13 if you...

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AnswerThis could vary by state, but in every one I have lived in only your Mortgage company can take your home. Other's can only...

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There are several ways of doing it but the most effective way is to WITHOLD the title first of all then draw up a formal legally...

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Simple. Ask to see the title. If it has the name of the person selling it, he/she has full ownership. If it has a bank name or...

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The automotive manufacture has two options when repossessing a vehicle. They will either tell you to keep the vehicle and they...

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http://www.capitol.state.tx.us/statutes/bc.toc.htm § 9.609. SECURED PARTY'S RIGHT TO TAKE POSSESSION AFTER DEFAULT. (a) ...

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well You see it all depends on what the car was Impounded for if its for a felony offense they can keep it if they want to if it...

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None really. Even if you are on the title to the car as well as being a cosigner, you can't do anything without the other...

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The smartest way to get in the business is starting to work for another company. There are many laws and regulations that very...

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Recovery Requirements: Self help repossessions permitted as long as there is no breach of the peace. Deficiency balence:...

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A car can be repossessed after one late payment, that is considered default on the aggreement. If a person is still driving after...

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The question is a little vague, however here's what I can say: IF, and it should have been, the repossession was first put on his...

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yes.. Answer They will have to notify you in writing that they have repossessed your car. They could have made a...

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1) Contact the DMV in the state you last owned the vehicle and run a title or registration search. This costs money. 2)...

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There should be some information on your paper work when you acquire of finance something. There is different contract...

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Suzette, what are the details on your purchase? Such as what state? One reason for repo before ist payment due is a person...

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In MOST states, the answer is YES. A few states require a liscense.

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Good question...how did you find out about the repo fee?? Have you been repoed before?? Are you in default now?? If you're not...

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The decision to sue a consumer to recover debt within SOL is often made with collectability and profitability in mind. The...

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Many people do not realize that by co-signing you are also a borrower on the loan; so even though the other borrower...

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I don't know what state you are in, but in Illinois the bank by law has to provide you with a calculation of deficiency. We are...

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