2007-02-24 04:32:51 · 4 answers · asked by tresleger 1 in Cars & Transportation ➔ Other - Cars & Transportation
Thre repo company works off of the call tags they are given. If you are behind the lender will notify them to get the car, they'll supply the repo company with key ID or the repo will use of their tools to start it (if necc).
But if you've made the payments are are caught up, the lender is obligated to terminate the repo request. If the lender fails to contact the repo company anc cancel them, and your car does get taken by mistake, you can sue the lender for all related costs. Be sure you keep copies of checks, statements, money orders etc to show the repo folks if they do show up. If they are in doubt they will call and verify, if they don't you can later attest that you made all efforts to prove that you are caught up.
Like the others said, make the payments as the bad credit will really hurt you for 5-7 years and you'll pay more for other purchases.
The repo folks are doing their job, but if they show be polite and have as much documentation as you can. Good luck.
2007-02-24 05:18:36 · answer #1 · answered by vettedude02 2 · 0⤊ 0⤋
You could try to hide your vehicle...however, your credit is the thing that will get hurt the most. That means higher interest rates in the future.
Once you pay the last of the amount due, and any fines that go along with it, they really cannot keep it. If they try, you could sue for the value of the vehicle at the time you paid it off (blue-book value.)
2007-02-24 12:41:18 · answer #2 · answered by mamasquirrel 5 · 0⤊ 0⤋
if you haven't paid the past due amount they can take it,hiding it works for a while,but if there's a re-po order on it they,ll get it no matter what,pay the amount due on it and they,ll cancel the order on it,,if your that far behind this is going to leave a bad mark on your credit record,good luck with it,i hope this help,s.
2007-02-24 12:43:29 · answer #3 · answered by dodge man 7 · 0⤊ 0⤋
first you got to rember he is doing his job, it not his wrong that you did not make the payment,, but yes if he was sent out he could, an you could hide it,,true, but soon are latter you be needing the car, an if he see it he going to take it
2007-02-24 13:07:56 · answer #4 · answered by ghostwalker077 6 · 0⤊ 0⤋