Emilio Estevez plays Otto, a repo man in-training, as it were, by the quirky Bud (Harry Dean Stanton), a longtime repo man showing the rookie how to play the game. Car repossession is a dangerous gig. Most people don’t want to lose their vehicles, some of those people are 6’10”...
Emilio Estevez plays Otto, a repo man in-training, as it were, by the quirky Bud (Harry Dean Stanton), a longtime repo man showing the rookie how to play the game. Car repossession is a dangerous gig. Most people don’t want to lose their vehicles, some of those people are 6’10”...
Pennsylvania’s repossession laws authorize an installment seller or title holder who has lawfully acquired a motor vehicle installment sale contract to retake possession of the vehicle if the buyer is in default of an amount due under the contract or has committed another breach, which the contrac...
Avoiding Repossession of a Vehicle If you are unable to make your car payment, you can work out a different payment schedule with the seller; sell the car yourself; pay the loan, and get a cheaper car; return the car to the seller with the agreement that the seller will take the car ...
New York State Car Repossession Laws Image Credit:ThamKC/iStock/GettyImages If you default on a car loan in New York, the lender can ask you to turn over the car at a mutually agreed upon place. The lender also has the right to disable or repossess the car, as long as it doesn't...
A history of vehicle repossession will likely result in higher insurance rates, as insurers will view you as a higher risk.Car Insurance Cancellation and Non-RenewalThere are several different reasons that your car insurance can cancel your insurance plan. If you stop making payments on your plan...
Car Repossession Laws in Arkansas Florida Repossession Collection Laws & Statute of Limitations Like most states, Mississippi has adopted the Uniform Commercial Code in its laws governing secured transactions. A secured transaction occurs when a creditor allows a purchaser to borrow money to buy a larg...
New York State Car Repossession Laws Personal Finance How to Legally Default on Car Loans If a creditor does breach the peace, he may not be forced to return the car, but he may need to pay a penalty or repay you for any damage to your property. ...
A car repossession is when a lender that holds ownership of your vehicle takes back that vehicle if you’ve fallen behind on your car loan repayments. In many states, your lender can repossess your vehicle if you miss a payment without warning. But some state laws require that the lender...
Repossession rules and timelines vary by lender and state laws. After your car has been repossessed, the lender can sell it. If the lender sells your car for less than what you owe on it, you may be on the hook for the difference, as well as repossession and early termination fees. ...