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The one in POSSESSION is responsible.

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Q: Who is responsible for damage done to a car that was repossessed after all past due money and late charges were paid and the account was current?
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Related questions

Can you get your car back if it was repossessed while the check was in the mail?

If you get the account current. Call the lender and ask. They will be the final answer on the subject.


If your car is about to be repossessed is it too late to make your account current with the creditors?

No, it is probably not too late. It certainly will help your credit either way. Call them immediately. Do not allow it to be repossessed if at all possible.


Current account Demand draft charges in icici bank?

minimum Rs.20000/- charges dd commission Rs.39


What are the disadvantages of a current account?

There are a couple different disadvantages of using a current account. They include the fact that some banks will impose service charges on them, and the fact that they do not earn interest on money in one.


What are the disadvantages of current account?

There are a couple different disadvantages of using a current account. They include the fact that some banks will impose service charges on them, and the fact that they do not earn interest on money in one.


Will your car be repossessed if the registration is not current?

yes it will.


Who can open a current account?

Anyone who is running a business or wishes to open an account that would involve high number of transactions can open a current account. Current Accounts usually involve higher charges & fees because of the extra services you receive. Those services are usually not available for regular savings account. Also, the money in your checking account does not earn any interest.


If your car is repossessed are you entitled to the right to bring your past due current?

Most lienholders will allow you to bring your account current and get your vehicle back - but only after you pay the fee for the repossession and you may also have to pay the repossession company for storage.


The flow of electric charges is called?

The flow of electric charges is current.


Do all companies ask for the full balance left on the car loan once your car is repossessed?

depends on your state law, here in MD you get one shot to "re-affirm" you loan. TO bring current the payments missed and late charges and the wonderful repo charges...... then the next time it is up to the Lien Holder.


You had two ATVs recently repossessed they want 6500 to get them back do you have any options?

You have none, except to get your payment account current. Remember, you DO NOT OWN the ATV's until you have paid them off in full. The lender owns them.


If your van was repossessed then you paid off the balance a year later can your creditor refuse to report the current status of your account to the credit bureau?

Yes, however you can easily take care of this and have your credit reports corrected.