This form is a Verfied Complaint for Replevin. The plaintiff has filed this action against defendant in order to replevy certain property in the defendant's possession.
This form is a Verfied Complaint for Replevin. The plaintiff has filed this action against defendant in order to replevy certain property in the defendant's possession.
New York gives you the right to redeem or get back your repossessed vehicle by reinstating the contract. You reinstate your contract by paying any late/missing payments plus repo expenses such as towing, storage, and legal fees. But you must act quickly to do this.
The repo man is required to leave if you ask him to do so. He is allowed to come onto your property but he cannot create a public disturbance, such as getting into an argument with the homeowner. You can check with local authorities.
If a lender repossesses your collateral, your credit scores are likely to drop. Repossessions are typically reported to the three nationwide consumer reporting agencies (Equifax®, Transunion® and Experian®). Once they're recorded on your credit reports, they can impact your credit scores for up to seven years.
After repossession, a consumer may have the option to redeem the vehicle before it is sold by paying the entire outstanding balance of the car loan, including interest, costs, and fees.
Trying to reinstate or redeem your auto loan typically has to happen within a short time period, such as about two weeks, so you could have your car back soon after it's repossessed. You may have to wait longer, perhaps several months, if the car is sold at auction due to the time of the auction process.
You can also use websites like Carfax, Auto Trader, Buy It Now, eBay and CarsDirect. All these websites provide information about repossessed cars.
What Happens If the Repo Agent Doesn't Find Your Car? But if you make it hard for the repo agent to get it, then the creditor may use another method to get the car back, called "replevin." Replevin can be just as costly as a repossession, if not more so.
If you have a consumer complaint or question for the Board, you can call 1-800-697-1220, visit , or write: New York State Consumer Protection Board, 5 Empire State Plaza, Suite 2101, Albany, New York 12223.
Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings.