0
Still curious? Ask our experts.
Chat with our AI personalities
Devin
Taiga
CoachAdd your answer:
Earn +20 pts
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
How soon can you buy a car after a car has been repossessed?
You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.
Has anyone had a car repossessed?
Yes, but no one I know.
In Utah can your wages be garnished for a car that was repossessed?
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
Do you have to insure a car that has been repossessed?
No, since the car is no longer considered "your" property.
Do the police know that your car is being repossessed?
Generally speaking, no.
Can a cosigner have a car repossessed if the loan has been in arrears?
yes
What has to happen before a creditor can have your care repossessed?
A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.
How long do you have to redeem your car in California after it has been repossessed?
10 days
How do you know if your car has been stolen or repossessed?
RepossessionCall your local dispatching service for your law enforcement. The Repo man is required to report the repo immediately to them. You could also call the bank or company that has financed your loan. In Illinois, we are required to report repossessions immediately to the police. In some cities, the police want to know BEFORE we repossess. So when you call your local P.D. to report your car stolen, they can let you know if the car has been repossessed.
Can you find my car by the VIN if it was stolen or repossessed?
There are certain strict procedures that an automobile repossessor must follow when he is repossessing your car. The repossessor must notify the police that such vehicle is being repossessed, you did before or after the repossession has occurred. In either case, the police should know right away that the vehicle was repossessed. If this is not the case, then the vehicles like to have been stolen.
