Bought a car and stopped paying for the car. What -- you just expected them to give you the car for free? However, buying repo cars can be tricky, especially if you are unfamiliar with the way the repossessed car trade works. 04-16-2009, 05:17 PM #2. The lender is listed as the lienholder on the car title and can reclaim the vehicle if you fail to make an on-time payment. View Profile View Forum Posts Private Message Junior Member Join Date Feb 2007 Posts 13. Can I Get My Car Back if It is Repossessed? Re: Can I Go to Jail Becouse My Friend Hide My Car from Repo Agent You can pay off the loan. Buyers can often purchase a vehicle at a cost lower than fair market value. This could ultimately cost you more money in the long run. If you can't pay the bill, lock your car up in your yard with the fence or gate closed and or locked. A civil judgment was filed against me in 2006 for a repossessed car. Your bank or creditor can sell your car at a public auction once they've repossessed your car. If you're behind on your loan payments, the best thing to do is to communicate with your lender. If they can find you (which shouldn't be that difficult probably), you could be charged. Share. You can not go to jail over a civil (as this is) issue. They can slap you with a "deficiency" charge. It was also sold with illegal tint on window. I was young and did not make enough money to keep up with paying this judgment back (there was a 12% interest rate) This car and a large sum of money were also stolen from me during the same time frame which made things even more difficult. If your income is stretched too thin and your situation isn’t going to change, letting the car go can be a difficult but necessary decision. The reason why this can happen is because the repo man isn’t breaching the peace, which is another way of saying they’re not using force to take the vehicle. If he does, this is considered breaking and entering because of the lock on your gate. Ive done repo. This guy calls the house and tells me he is some private investigator and that if he doesnt get the car back from him, then not only will my roommate go to jail but since I know where the car is, I will too. There may be some activities to avoid repossession that could cross over into criminal offenses for which fines and jail could be possible outcomes. He somehow found MY Facebook and Myspace and is contantly bugging me. A repo man came by tonight looking for it and he told us that if we didn't surrender the car that the finance company is going to serve us a warrant for out arrest. Under some circumstances, YES. Do you really want to go to jail for a car???? Can I go to jail for hiding a car up for repossession in illinois - Answered by a verified Lawyer We use cookies to give you the best possible experience on our website. You probably wouldn't get jail time, but you could get something. WHY cant they find a car YOU are supposed to be driving and paying for?? Yes, your car can be repossessed in any state if your contract was signed in Chicago. Invest in a padlock, it will do the same thing on a regular fence. Once your car has been repossessed your creditor may decide to keep the car as payback for your debt or resell it. How Repossession Works . What you have to understand is that a confrontation with these people is non-negotiable – the time to do so was before they were sent to get your vehicle. The longer you hide it the worse it gets. Learn about handing over the keys to your car if you can't afford payments. Results 1 to 2 of 2 Can You Go To Jail Over A Voluntary Repo. No you can't be sent to prison.You can declare bankruptcy . The Lender Did Not Sell the Car. People Are Being Arrested and Jailed Due to Hertz Erroneously Reporting Rental Cars Stolen: Report Cleaning fees could be the least of your worries if your next car rental is from Hertz. Budgeting. Whether you can hide or lock up the car to buy yourself time to pay off the loan depends on where you live. They’re not necessarily evil or mean people, they’re just doing their jobs. Pequeno2002. Still, you have the right to know what's going to happen to your vehicle, and even take it back once you pay your loan and other expenses incurred in the process of repossessing it. (Get details about how repossession works in How Motor Vehicles Are Repossessed.) A car can only be repossessed once you have received a letter warning you that a summons is coming (a Section 129 letter) actually received the summons, had a chance to respond to the summons, had a court date/application for summary judgement, a court order has been granted, a warrant of execution has been issued and a sheriff of the court hired to go collect the car. Com. And here is the kicker. Even if you place your car at a private location, odds are your lender or its agent will find it. That is a repossession. In the case of a car loan, if you miss a payment, the bank could repossess the vehicle without notice. You can not move to a different state and keep your car without paying for it. For example, they can't remove you from your car or physically touch you in order to take the vehicle. It’s recommended that you have an attorney go to bat for you in this case. We are currently 98 days past due on our car. You really need to consult with an attorney as soon as possible to discuss your options. Your lender might be able to offer you a solution such as a reduction in payment amount or interest rate that can help you catch up … You fell behind on your payments for a reason; it could be that you simply cannot afford the car you purchased. In any case, generally your creditor must notify you about what will happen to the car. If you let the vehicle go they can come after you guys for the deficiency balance. As the other attorneys have said, you have 20 calendar days from the date you were served to respond or they will get a default judgment which could enable them to garnish your wages, seize your bank accounts or take property that is not exempt. Usually the car simply gets repossessed if too many payments are missed. The lender may also repossess the car if you breach the loan agreement in some other way, like by letting the insurance lapse. For example, if you normally keep the car locked up in your garage, you can continue to do so. Thread Tools. As soon as you miss a car payment in California, the lender can arrange to have your car repossessed. Normally, the only way you can fight a repossession in Chapter 7 is to file for bankruptcy before the vehicle is repossessed. Buying repossessed cars can be a great way to save money. They are profefeesionals at this, they will not let it slip particularly if you owe ove $12,000 as you state. I had lost my job, fell behind only a couple of months and it was taken from me. Cars and Dealerships; Repossession: Can You Go To Jail Over A Voluntary Repo; If this is your first visit please consider registering so that you can post. Once you default, the car repossession company can simply take your car—it doesn’t need your permission or to tell you in advance. We live in Florida btw. My roommate is behind in his car payments. You should always make sure you're covered with an affordable car insurance policy. View Profile View Forum Posts Senior Member Join Date Sep 2005 Location Behind a Desk Posts 98,846. By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you … Setting Goals How to Make a Budget Best Budgeting Apps Managing Your Debt Credit Cards. Chapter 7 is a bit trickier because the trustee sells your property to raise money to pay your creditors. Email this Page… 02-05-2007, 12:29 PM #1. Can you go to jail or be charges for a repossessed car that you still have and not paid on in Idaho? Lenders and their representatives can't breach the peace when repossessing the car. An article on Edmunds.com says many repossession agents are accomplished skip tracers.If your car can't be located in any logical place, the agent will attempt to try to track you down if you've taken off with the car or look for clues as to where you may have hidden it. When your car is repossessed, it does not mean that you are released from repaying the loan you took out to buy the vehicle. This means your car could be repossessed if you’re out and about shopping for groceries, if it’s parked outside your home at the curb, or even in the driveway. A voluntary repossession can help you save money and make life easier. Review your budget and make sure you can afford your car expenses, including gas and insurance. Repo agents have specially-designed towing vehicles that can quickly remove a vehicle from even … Can I go to jail or have some other problems even if I don`t know where is my friend with car is? Believe me we get good at finding the car. If you have been making payments on time then request a payment history from the creditor and send that in to the credit bureaus requesting that they correctly show that payments have been made on the vehicle. It allows you to include your past due car payments in these debts, so you can keep your car. The law does provide you with a remedy to get your car back if you pay the bank that is financing it all the money due, plus penalties, plus the repo fees. Code § 9609). After the car has been repossessed and sold if you do not go to meetings for balance and pay can you go to jail? Even once a car has been reclaimed, you are still responsible for paying the portion of the loan balance that remains after the lender sells your car. Technically, as soon as a credit account is delinquent, the lender can take action to repossess the property tied to the loan. If you know your car is in danger of repossession and attempt to hide it, the repo agency will take steps to find you. Under most state laws, your creditor must tell you if it wants to keep the car because you have the right to demand that the car be sold instead. They also could negatively reflect that on his credit. I can understand your difficult situation, but it's against the law to skip out on a loan like this. In most states this won't violate any laws, unless you do it with the intent to defraud the bank. Here is how it works ideally for everyone if your car is up for repossession. Mr. Knowitall. If this is the case, it is illegal for a repossession agent to enter the premises without your express permission. The Balance Menu Go. Judgements survive a bankrupcy. How Can You Avoid Getting Your Car Repossessed? Can you go to jail for not serendering a car due to late payments in Tennessee? They will have a judgement before you can get a bankrupcy case heard. There’s a reason why people go to crazy lengths to avoid meeting a repo truck face to face. You may also be able to negotiate with them for a more favorable deal. (Cal. You can't go to jail anywhere simply for defaulting on a payday loan, anymore than you can for defaulting on a mortgage, car loan or credit card. They can garnish your wages up to 50% of take home and any bank accounts you have. Learn about handing over the keys to your car if you can't afford payments. Can you go to jail after your car has been repossessed and you don't want to pay the loan? Selling Your Car Out From Under You.
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