Replevin can be just as costly as a repo if not more so. Dont think that repo men wont keep an eye on your comings and goings to facilitate a repossession. If theres still a balance left after the auction youre responsible for that debt.
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You miss a car payment and then each day you ask yourself how late can you be on a car payment before repossession.
How long will a repo man look for a car.
As a result if you intend to hide your car thats going to include not using it.
From there the car goes to an impound lot where it will typically be held for 30 days to give the owner a chance to make the loan whole by bringing all back payments up to date including the repossession fee or by paying off the loan balance in full.
Otherwise you must come current on back payments including repo fees or pay your auto loan in full or the car will be sent to auction after 30 days.
My questions are related to how repo guys find cars that are in another city.
Borrowers might have custody of the vehicle in question but there are no legal restrictions regarding how long banks have after the default to pick up a vehicle.
The creditor can get your car through replevin.
The good news is you can keep the repo man away but you need to act quickly.
Whether or not days go by with fingers crossed that today wont be the day the repo man comes for a car borrowers are afforded certain protections through car repossession laws.
Thats no way to live.
How long will a repo man look for your car before he directs the lender to go get a court order.
Each day the repo man doesnt show up feels like a brief reprieve but you lay awake wondering if hell show the next day.
With replevin the car lender files a lawsuit seeking an order from the court requiring you to give the car back.
The repo guy goes by his house periodically and finds nothing.
You have a right to reclaim personal items in the vehicle.
What this all means is that if you have a garage in which you normally keep your car locked then you can probably effectively hide your car to avoid.
Enter the repo man.
For that reason i am postponing the swap as long as possible until i can force him to take a full time entry level job and negotiate with his creditors andor file bankruptcy for the rest.
But if you make it hard for the repo man to get it then the creditor may use another method to get the car back called replevin.
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