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re-possesion is just that the dealer or finance company takes possesion of the security item for the debt....it is sold and any loss is reported on the credit report .they always have a loss .

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Q: What happens when your car is reposed?
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Related questions

How can you check to see if your car been reposed?

You can tell if a car is reposed by seeing if it is just sitting there. Reposed just means: The act of resting or the state of being at rest.


Can car be reposed from repair shop in California?

yes


What if your car gets reposed on a Saturday?

The repo man will get paid on Sunday...


What happen when the car is not reposed after bankruptcy?

Nothing, but my advise to you is that if your bank rupt you should sell the car


Can a dealer hold your car if it was reposed for insurance reasons and the issue is resolved?

Why would they want to hold it? Perhaps you owe them for towing and/or storage fees for the time that it was reposed.


How would I know if my car is to be reposed?

when a sheriff knocks on your door and is armed with a court order to distraint your car


When a car get reposed in California can you file chapter 7 to get creditor of your back?

Yes.


If you reposed a car and still have it on the lot can a person fill bankrupty and get it back?

Not likely.


How can you find out if someone elses car has been reposed that you have a interest in but not a legal interest?

carfax


How do you spell reposed?

Reposed is the correct spelling.


Can a car seat be withheld by a title loan company?

My son has autism and his car seat was in my friends car that was reposed can they withhold my childs car seat


Can your car be repossed if it is under a car tarp?

Yes, a car can reposed no matter where it is, unless it is in a garage. IE car park, under a tarp, etc.