Posts tagged as:

Finance Company

When does repossession of a car take place?

June 12, 2010

repossession

My friend has a 2006 vehicle and he has stopped making payments 2 months ago. He’s moving to Puerto Rico & he’s leaving the car to me. He told them that the car is in a different state.The finance company have been acting so stupid threatening him that they’re gonna report the car stolen. Doesn’t he have 90 days til they start the repo process or however? And what usually happens after, say, when he leaves?Can I continue payments?

Passive Income

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Who gets sued in the even of a repossession?

Given my recent hardship it has come down to me surrendering my car. Will the finance company come after the primary buyer or co-buyer for the deficiency balance?
The finance company refuses to do anyhting to help and I have been told by several ppl that this particular company will not budge. I am [...]

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What happens after a car repossession?

The finance company requested that I send them proof of insurance and my last two pay stubs. and they said it will go in front of a review board. Do they call the insurance company to verify. This is all new…Please help.
My question is are insurance companies supposed to disclose insurance information to [...]

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Should I buy a car which is categorized as a finance repossession?

Should I buy a car which is categorized as a finance repossession?
I checked this preowned car, and AA said there is an existing finance agreement against the car, which is a hire purchase.
I told the dealer, and he said this is a finance repossession. He said the finance company has cleared the car.
Obviously I will [...]

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What are the Massachusetts Laws regarding car repossession?

Can someone please tell me, under Massachusetts Law, does the finance company have to inform me that my car will be repossessed before they can actually take it? Will they give me some notice?Rent Back

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Is a Repossession of a vehicle worse than paying the finance company late on a consistent basis?

Bottom line is that things change. I now have a car that I can no longer afford. I am trying to determine if voluntary repo would be better than the payment being and staying late on and ongoing basis. Please help.
The repo would cause a deficiency balance that I would have tyo [...]

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what is the statue of limitations on car repossession?

I owned a vehichle that was repossessed 2 years and nine months ago. We received letters from the finance company after it was sold a t an auction, telling us that we owed the balance. I did not respond to the letters. It has been almost three years ago,and now I am getting phon [...]

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