Welcome to Repossession Guide
Unlawful Repossession Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
A Consumer's Perspective On Auto Repossession Laws
from:Knowing auto repossession laws for your state is important, even if you are not in the position of possibly having to deal with repossession of your vehicle. It is reported the repossessions are up over 21%, and this number continues to grow every year as more and more consumers find it harder and harder to make monthly payments on mortgages, cars, student loans and general living expenses in the decreasing economy. Having a general knowledge of auto repossession laws will allow you to direct and support your friends and co-workers that may find themselves in this unfortunate situation.
Some key perspectives and concepts that consumers need to keep in mind with regard to auto repossession laws include:
• Each state has different laws on how repossessions can occur. Some states don't require that the creditor needs to let the borrower know that the car is going to be repossessed, while other states do require this notification.
• The auto repossession laws are designed to protect the lender and the borrower and there are specific rules that each must follow to fulfill their legal requirements. While many people feel that the laws only help the lender, they also protect the borrower from property damage or any types of illegal actions that could potentially be used to attempt to seize the vehicle.
• There are attorneys that specialize in helping consumers that are facing some type of repossession or have had their property repossessed. If someone is worried about repossession, talking to an attorney that works in the area of auto repossession laws can really provide detailed and specific information to help avoid repossession.
• Lenders can work within the auto repossession laws to avoid having to move to actually seizing the car. The more that the borrower or consumer is willing to work with the lender the more likely that some type of repayment plan can be developed. Borrowers that try to hide the vehicle or thwart repossession often have limited options when it comes to negotiating with the lender or car dealership.
• If your creditor or lender has previously accepted late payments on your loan he or she, under auto repossession laws, may not be able to repossess your vehicle. This is because they have previously accepted the change in the payment plan, basically invalidating the original contract. If you know that this has happened, be prepared to show the dates where late payments were accepted.
There are many little details that can occur during the repossession of a vehicle that may make the repossession open for a counter legal action. Talking to an attorney and understanding your rights as a consumer is the first step in ensuring you have been treated correctly through the process.
Unlawful Repossession Specific links
Unlawful Repossession News
Former homicide detective pleads guilty in Melbourne Magistrates' Court to ... - Herald Sun
Former homicide detective pleads guilty in Melbourne Magistrates' Court to ... Herald Sun FORMER Homicide Squad detective Andrew Donald Tait has pleaded guilty to leaking information about a case involving an alleged contract killing plot, a bashing, details enabling car repossession agents to locate vehicles and drug possession, ... |
Zanu PF under fire over gays - NewsDay
Zanu PF under fire over gays NewsDay Last week, Local Government minister Ignatius Chombo called on traditional chiefs to banish homosexuals from their areas of jurisdiction and repossess their land. Matabeleland North governor Sithokozile Mathuthu and president of the Chiefs' Council ... |
Debt collector may not call you at work - Victoria Advocate
Debt collector may not call you at work Victoria Advocate Under a federal law, called the Fair Debt Collection Practices Act, it is unlawful for a debt collector to call you at work once he knows your employer prohibits such calls. If the debt collector continues to call, you would have a claim for damages ... |
A fundamental concept of law is providing due process - StandardNet
A fundamental concept of law is providing due process StandardNet Also, any peace-breaching dispute with the repossession agent should stop the repossession. Delbert, I believe, pled guilty to disorderly conduct. His son-in-law then successfully sued the bank for a wrongful repossession, as a self-help repossession ... |
Former car dealer LoCastro and family facing fraud charges - Pittsburgh Post Gazette
Former car dealer LoCastro and family facing fraud charges Pittsburgh Post Gazette Washington County officials on Thursday announced they had charged Vincent LoCastro, 48, of Bethel Park, with two counts of corrupt organizations, two counts of conspiracy, 18 counts of theft by unlawful taking, and 18 counts of defrauding secured ... |