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How does an active towing and recovery company become a repossession agent?
The active towing company will need REPO insurance and REPO agents. And some REPO clients.
Can you get a towing stopped if you are present?
usually they will let you get the vehicle but you will have to pay for there time unless its a repo, then not a chance.
Names of companies in allentown that reposs cars?
Most local towing service also do repo work
What is the difference between voluntary repossession and regular repossession and the pros and cons with it?
Neither are good. Call the lender and work something out. a repo is a repo by any standard ,they will sell the unit and go after you for the deficiency no matter what.it will be on your credit as a repo. You will not have to pay the towing and fees associated with the repo. That is the only difference.
What is the legal process to repo a car in TN?
You need to have a lien on the vehicle and reasonable cause to repo it, whether it be late payments, risk of losing the vehicle in impound, etc.
Where can you purchase the required insurance in Illinois for your repo business at reasonable rates?
I dont know what you consider "reasonable", but, IF they can write in IL, this is a good bet. http://www.ocalainsurance.com/
How much do you get to repo a semi truck?
This is based on where the repo is done (what State and Country) What the contract between the towing operator, bailif and lender as well as the law in the Jurisdiction the repo takes place. Then how many miles, where the semi is stored and how long. Also how difficult was the repo? Was the unit surrendered to the lender? or did the lender have to sneak out with tow truck and repo it the hard way? A tractor that is surrendered at the lenders storage facility may only cost $1000 If they had to track down the unit and repo it the hard way $3000 to $5000 is common. And no it isn't $5000 for driving it away. That includes bailiff fees towing skip tracing auction costs etc.
Are there any car repo companies in Detroit Michigan?
Yes, there are. Most repossession services are actual towing companies who also do repossession work.
How could a person find repo tow trucks for sale?
Sales on tow trucks aren't very common, but a person could start by looking locally at any towing companies. If there any towing companies in the area, someone could call or visit them to see if they're selling any repo tow trucks, and if they're not, proceed to ask if they know of any that are for sale.
What is the amount of days you have to be past due on a car payment to be considered for a repo?
It is done in time not money i.e. days late.Generally 30-45 days late triggers a repo but they can repo after one day late.
Can a person turn back in a car that they bought a week ago and not be considered a repo?
Considering that the LENDER will be the one to report it as a "repo", wouldn't it be best the discuss it with the LENDER?
Where would they take a repo vehicle if your lender is in va and you live in ms?
It all varies by your state laws. but normally the lender will search for repo and towing companies in the area where they think you are and they search for you and come and tow your car to a tow company or repo company lot, then they contact your lender, so you need to contact your lender to arrange payment or to get your stuff out of your car. Hope This helps Adam OUT
