Since you have violated the terms of the loan, there is no obligation for the lending institution to reinstate the loan. So you can pay off the loan in full but if they don't want to sell you the vehicle, they don't have to. It's theirs now. They get to dispose of it as they feel appropriate. However, if it was for no insurance they will most likely reinstate the loan. Just call them and be very nice and let them know that they sent the bill to the wrong address or something. I have just recently gotten my car back after it was repoed for no insurance. It will suck for you though, they take your personal items and re-sell them to you. What a steal.
no you can not sory
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
If your asking if your auto insurance provides protection from repossession for non payment of you car note. No, there is no such thing.Your auto insurance provides coverage for accidental injuries and or damages, it does not cover your car notes.AnswerI don't know what repossession insurance is. I know about life insurance, but I've never heard that term. Please re-post your question if this doesn't help!
Make your car payments.
You lose your car.
Pay up.
YES
Repossession is when something is returned to its original owner. An example would be when a car payment is not made, and the owner of the car's title repossesses (takes back) the car.
Wrongful repossession insurance??? Coverage for when the Repossession Agency wrongfully recovers an asset for a myriad of reasons.
If insurance is required by your contract then the 'wrong' insurance might be a contract violation allowing repossession. You have to read your contract.