Repossession

LENDERS repo cars. Co-owners on the TITLE, take possession. NOT co-signors on the loan, but CO-OWNERS ON THE TITLE.

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YES, if you are in default of the contract, the collateral can be repossessed. Read your contract again.

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Call DCA’s Consumer Information Center toll-free for additional information. The Center accepts calls in English, Spanish, and...

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WRONG...no candy for you. As long as there is a leinholder on the TITLE and a contract in DEFAULT, you DONT own it. When it is...

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IF you can prove any "promise", call a local attorney for state specific advice. Chances are very good that they can repo as long...

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NO, there are no more "DEBTORS PRISONS".

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Cure whatever terms you were in DEFAULT(ins,ect) of. The LENDER can tell you exeactly what they require.

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This NC laws from the UCC but it is fairly universal among the states. Notice it says "secured party"? If you are not listed as...

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If "one" went to the trouble to be listed as leinholder, why didnt "one" take time to write up some sort of...

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NO. Think about it, IF this was true,EVERYONE would buy cars in AZ and nowhere else, just to get around paying the balance due....

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AnswerAs much as they would like to, NO. It wasnt in their possession to be stolen from. YOU can report it stolen. The Lender has...

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As long as you are in DEFAULT of the contract, the lender can repo the collateral.

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http://www.nlsa.us/public/consumer/cn1_collection_procedures.htm looks like you have problems

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AnswerIF you were NOT in DEFAULT, then it was a wrongful repo and you shouldn't have to pay. Call a local attorney NOW.

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http://www.cga.ct.gov/2003/pub/Title42a.htm Sec. 42a-9-609. Secured party's right to take possession after default. Use of...

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It differs by states. Some aloow 10 days ,some until the lender makes a sale on the repo. Check with a local attorney.

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IF they are in DEFAULT of a contract, you can repo the collateral for that contract,IF the contract specifies repossession as a ...

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KEY WORD="CO-buyer". They are EQUALLY responsible for the debt. IF one is slick enough to file CH7 and get out of that...

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Slightly confusing question. If YOU are the leinholder, why is the bank trying to repo the car? Why does the bank not know the...

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25%

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AnswerThe proper and best way is to talk with the co-signor FIRST. A repo will affect their credit as much as yours. Talk to them...

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Legally, you would be selling property secureing a loan. NOT GOOD. Best thing to do is call a local towing company and tell them...

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What forms did the lender require?

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you need to contact lenders/banks to find out what their requirements are:trucks, insurance, etc. if your still interested make...

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Yes, you are required by your contract to pay any fees applicable to your account. You will pay the repo fee either by paying...

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There are only 5 states that require an agent to be be licensed. Look at the link on the right.

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As long as you continue to hide the car and/or refuse to make the payments. You need to send them a certified telling them to...

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Trespassing means if you go somewher etc: into a room, a house of someone elses withought permission

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It's a felony.they say 1 -5 yearsmy cousin went for 7 years

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AnswerTim, I have never heard such a request. Ill answer your question but first I have one for you.WHAT is soooo precious about...

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YES, you pay all the loan amount, sooner or later.

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WHY did they pull it? Did you discharge the debt and forget to return the car?? If so, they were probably hunting the...

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Did you get a TITLE to the "stolen" car? If not, the you sorta assumed the risks. Was it actually stolen at the time of sale or...

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Hang in there. Dont give up. You are probably a one in 100000 case. You are doing it the right but hard way.Avoid the B/K if...

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Likely it is, but without knowing what state you are in, who can tell?? Simply tell them you want verification of the debt. IF...

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License??? That would be a good question to ask the folks where you got the Business License. In some states yes, in some no....

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Federal and states laws do not allow repossession agents move a vehicle that may be blocking in a wanted vehicle without the...

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YES, but it will cost you to do so. I'm NOT sure if it is a scam or not. I dont have to chase work like that so I dint try it....

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Amanda, if you are behind on the payment, youare "in trouble' with the lender. you are in default and could be repoed by the...

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Ill answer this in parts. Mechanic repo? YES Private property? YES No signed work order? ORAL contracts are legal too Non-...

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IF the lender agrees to that amount, yes. Sometimes they want you to pay the loan off completly. And you have to pay the repo...

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it depends on the stipulations in your contract. in most cases any breach of cantract can be grounds for repo

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email me for more info North Carolina TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE...

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YES, very much so. If you cant get out of default, get your stuff out of the car.

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Likely you will have to pay the loan off after the lender sells the car. lenders have some legal options that will collect from...

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yes, it will generate an automatic STAY of legal actions and you may be able to reaffirm the loan with FMC if you choose.A b/k...

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None that I know of. i have saw cars being repoed after 3 years of being hunted.

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AnswerTooo many variables in your questions to give a definite answer. Things like general condition of the car, market...

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Most likely, the LENDER got a judgement for the balance due on the car loan about 6 years ago. They have likely sold the...

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AnswerThe check wasnt any good sooo the truck isn't paid for. Go get your truck OR file charges against the person.

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SELL the car for all you can get and beg,borrow,steal the difference so you can pay off the loan. THAT will keep the repo off...

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same as anywhere else. they CANT keep it, but may charge you a fee for inventory and storage.

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IF the TITLE is in YOUR name as owner or co-owner, go get it. If you LOANED it to them, you might send a registered letter...

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Unless they change the laws, YES they will.

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"vehicle cannot be found anywhere? " NO candy for you...If you were the bank, would you believe that line?? Rem ,Cars DONT...

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What happens now is up to the LENDER. They may or may not want the wreck, but they certainly will want THE MONEY owed on the loan,

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Its decision time at a hard time of the year. Let them repo or try to get the trans. fixed and catch up the notes before they...

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You will most likely need the advice of a local attorney for state specific advice.

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YES, they can be taken BUT NOT kept. ALL PP belongs to the debtor and the DEBTOR will have to redeem it.

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Bond?? whatever the NY authorities require to get a BL. Bond to get business?? Varies by lender. MAJOR nationwide lenders...

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http://www.cardreport.com/laws/statute-of-limitations.html it says 4 years here, you need to do some homework before you reply...

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Grand Theft or Grand larceny, either one is bad. Please dont do it. Once the Car is in our care and custody it is NO LONGER...

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AnswerIts really a moot point because you are NOT hiding a car from the repoman. YOU wouldn't do that. And the lowly repoman CANT...

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noboby can garnish your income tax except for the government. Unless they take you to court. If they do that file chapter 7.

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AnswerReservation repos MUST be conducted by tribal law. VOLUNTARY repo or REPLEVIN only. & Indian Land can be protected,...

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You are absolutely kerrect. They cant get blood out of a tur-nip or a cat-nip... Wage garnishment is not the only option that...

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16-8-2. A person commits the offense of theft by taking when he unlawfully takes or, being in lawful possession thereof,...

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How do you write a car repossession letter?

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See the very closely related questions linked to the right.

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Small claims court can be used to sue the towing company. This can be done by going to the town clerks office or county clerks...

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Generally the laws of the state where the contract was signed take precedence. I disagree. If the car is registered in...

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Put a listing in the help wanted section of the Sunday newspaper.

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AnswerAll states vary and Im not sure about Colorado but the nom. is 7-10 years.

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Generally you can't. Normally only the police can have this information. There has been a big fuss recently as the DVLA...

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A question I have is file criminal charges against who? If you mean agains the repossessor. As long as the person who did the...

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Read the loan contract you signed with the bank it may give them the right to do that.

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A creditor cannot garnish your wages unless they file a lawsuit and obtained a judgment against you. The time deadline to file a...

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file for bankrupcty go to the landlord that evicted you and ask them to settle the matter with you, you can then negotiate with...

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http://www.bankrate.com/brm/news/cc/20040116b2.asp#nyCheck out Virginia--it states different years for different...

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There are none because when you sign you contract in fine print it says if you fault on you loan.The loan company has the right...

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Usually with a tow truck.

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Roy, NO you dont.Did you offer to pay the other 2K for payoff? That would have been your best way out of the loan. Banks are like...

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If you are in DEFAULT of the contract, the collateral can be repoed.

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IF your name is on the title as co-owner as in (husbands name and/or your name) OR if you are the leinholder, you can take...

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Depends on whom you are applying to. Tote-a-note lots uaually don't care as long as you have a down payment. Banks will find out...

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That would be a good question to ask your B/K attorney. You have paid her/him so let them earn some of it. If that's not...

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Cindy Lynn, what is a "normal" repo? Whats "normal" about someone wanting to drive a car and NOT pay for it? Can a warrant be...

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I dont know about the "grounds" BUT any changes to a CONTRACT have to be approved by BOTH parties to the contract. Did...

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Doug, you are not 'repoing" as such. you are only taking possession of collateral you are responsible to pay for. GO GET IT and...

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YES, IF-IF-IF you can pay the loan off. The lender will have to be involved in the sale to get the paperwork done.Lenders will...

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Bobby, look at your contract. It likely covers what fees they can charge. The repoman charged the bank, the bank charged you. It...

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IF you know which lender to report them to, you can. Doing so is really a GOOD idea because we ALL have to pay so the deadbeats...

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Henry, you wre absolutely right when you said "personal feelings". Collections and repoossession is just a JOB. Either the people...

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Do you have a contract with a "repo clause" in it? Anything about what will happen if the debtor is in DEFAULT? Do you have the...

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AnswerIf they send you the bill for the remaining balance after your car is repo'd do they expect you to pay the bill all at...

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Butch, read your contract. Most say only that you have to be in DEFAULT. Sooo, your answer?? ONE DAY.

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VERY MUCH affected. You AND Pop will be expected to pay the balance due after the lender sells the truck. Try to sell it yourself.

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A judgment occurs when a creditor takes you to court, sues you, and wins his case against you. The creditor must do this before...

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Call the lender first thing in the morning and make the arrangments to payoff.

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