This afternoon we saw someone breaking into our neighbours garage, they are away in China ATM, when questioned he said he was a debt collector and that this was an 'unregulated repossession' Are debt collectors allowed to break into homes when there is nobody home, when we asked for verification he would only say he worked for a finance company and couldn't give us any paperwork to say he was going to repossess the car. The car is still there, garage door is broken and we thiink they will be back to take the car. My son sent a text to our neighbour, I am still upset, I didn't think this could happen
I am fairly confident that guy was lying to you and was just a random trying to break into your neighbour's garage.
I would have had my phone out immediately, recording things for later evidence if required. "Breaking in" would surely be illegal, regardless of whether they have the right to repossess the car?
I believe a debt collector can take a vehicle from a premises by entering a garage - if it is unregulated loan. they would usually notify the cops before doing this in case the neighbours call. I think loan agreements may have the borrower giving written consent to enter their premises.
Thanks Terry, we have known neighbour is in financial trouble as we have had 4 debt collectors visit our home looking for him since Christmas. I didn't realise they could enter a garage. Your last sentence would probably be correct, it would be an unregulated loan knowing what we do now ...
I am bemused [I think] Car was repossessed 3 weeks ago, police in attendance, tow truck with 2 huge bodyguards present. Was early evening, whole street agog with the action ... Wife and child returned from wherever? 2 weeks ago, new Mercedes [worth over $100,000] is now the family car ... Its better than Netflix
Easier than trading in the car, takes a few months for the possession order to come through so you can always be in your new ride.
Did you offer them a payout figure (in case you wanted a new ride)? Assuming this would not cause any disruption to neighborhood harmony, of course...
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