nothing will happen to u. just dont let him get into the driver seat ,because then it is legally his. they will try n tell u the cops r coming n all kinds of stuff but as long as u do not let them get into the driver seat or hook up to it with his towtruck(without u in it) then ur ok. If they threaten u call the cops on them . they will be on ur side. its a civil mater. trust me my friend u can keep urcar for ever as long as u stay away from the repo jerks. Google repo laws too. peace" feistyone"
can my car be repo 38 day's in default?
Nope,To clarify: provided that the other laws regarding repossession are complied with, the time of day is irrelevant. It might be more accurate to say that there is no ILLEGAL time of day to repo a car.
One day late puts you in default and when in default, you are subject to repo. MOST lenders wait 30-60 days. They want the MONEY, not the car.
as a repossession
the repo man come and repo my car the police made him bring the car back because he didn't have a signed consent from magistrate after going to magistrate will I have a chance to answer the dispository or will the car be repoed the same day
no, they want the car so they can get payed, a repo man can NOT move another car to get to the car being repoed, nor can they break and enter to recover a car, if you open the building your basically giving them permission to enter and recover the car
In a few states, you will get a "XX day right to cure" notice. But when it comes time to repo the car, NO. If you know you are in default, the lender has been begging you to pay something,ect., GET YOUR PP OUT. The lender and the repo company doesnt want your PP. They dont want to deal with it anyway. Then when its repo time, you can go on about life without the interruption of redeeming your PP and additional cost. It just doesnt have to be that way. NO you will not be notified
One day late. I live and own 2 repo companies in Washington. Sorry, but that is the law.
It is done in time not money i.e. days late.Generally 30-45 days late triggers a repo but they can repo after one day late.
Briefly, if they(the bank via repo guy) have the car its theirs until you bring your account current and they give it back but they are not entitled to your personal property or the plates. The repo guy will try and charge you bogus storage fees(for your p.p.) and try to get you to sign a wavier which absolves them and the bank of any and everything to do with the repo.This includes a statement that all of your p.p. are there so if stuff is missing(repo guys steal )or your car is damaged it makes it harder to sue.They will want you to sign it before you see your car or p.p. Do not sign !!!!!!!!!!!!!!!!!!!! Another question you need to ask is do you want the car back? If you do want the car back you have little choice but to pay the extortion because each day that goes by is another $100.00 to store the car. If you do need to sue remember sue the lender not the repo guy.
As long as you are in DEFAULT of the contract, the lender can repo the collateral.
Read your contract. One day. As long as you are in default of the contract, the lender can repo the collateral. That could include no ins. coverage.