NO !!!this is a civil matter between the lender and the loanee the police will not get involved period.Do you think banks would bother hiring repo morons if they could get the police to do their work for them????
Yes.
Yes.
If a person's car gets repoed, the bank can report it on their CR in any state. When they redeem it doesnt matter, its the fact that it got repoed that gets reported.
I want to take the company that repoed my truck to court. I need to know what the statue of limitation is to file.
Who payed the car off?Was the car repoed?
Well now, you state that it WAS repoed, so yes you can be charged a repo fee for a repo performed.
PA is the only state I have seen with that law. There may be others.
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
If you cosigned for the note, you are saying that if the person who took out the note does not pay you will. I am surprised the lender did not come after you prior to repo.
NO.
A repoed auto is usually sold far below its retail value. If you have a chance to sell it yourself and pay off the loan before it is repoed you will be dollars ahead, even if you lose money on the deal.
no