Comments on: Repossession: Why it happens, what you can do, and your rights before, during and after repossession

By: Flutterflymom

Flutterflymom — Wed, 01 Feb 2012 15:56:00 +0000

I took my car to the lender dure it doesnt run and told them i couldnt afford a 4000.00 motor i am on disablity .I just had a 2000.00 tansmission put in it and refinaced the loan with collateral from my house like tvs and such can they take this>? even if i am on disablity .or can i just say they are broke and threw them out how can i avoid taking my things?

By: Steve Rhode

Steve Rhode — Sun, 22 Jan 2012 22:11:00 +0000

I would be also!

By: Cassh626

Cassh626 — Sun, 22 Jan 2012 21:04:00 +0000

This just happened to me also. My car was repossessed today and I have proof that I was never late on any payment for over two years. I am going to talk to an attorney and see what legal action I can take. I am absolutely livid right now!!

By: Kalari26267

Kalari26267 — Thu, 19 Jan 2012 18:00:00 +0000

I had my vehicles repossessed through a Credit Union in AZ. I was current on one and behind 2 payments on the other. I have been late before and they were fine with it and then they decided they weren’t fine with it and wouldn’t work with me. Told them to go ahead then and repossess the one and they said that I would end up having the other repossessed as well due to some thing CU’s can do in their contracts about other accounts through them OR they could attach the balance from the one vehicle that was going to be repossessed onto our other vehicle. I did have them both repossessed a few months later.

I then received a letter saying they were sold and I owe a substantial amount on them both still. a deficiency on both of them. I never received a letter saying when and where they were to be sold, how much for, etc. For all I know they could have just kept them and stated they were sold and charging me almost 10,000 still on both of them each.

Now it has been 7 months and have had no contact with them. My question is do they have to go to court and get a judgement against me to take my tax return this year or could they just take it if they want too?

By: Kalari26267

Kalari26267 — Thu, 19 Jan 2012 18:00:00 +0000

By: Dayshacallaway

Dayshacallaway — Tue, 27 Dec 2011 19:27:00 +0000

Thats what im trying to figure out i was in my ten day grace period.

By: Dayshacallaway

Dayshacallaway — Tue, 27 Dec 2011 19:27:00 +0000

Thats what im trying to figure out i was in my ten day grace period.

By: LaDarius

LaDarius — Sat, 10 Dec 2011 23:11:00 +0000

The used car dealer that I bought my car from repossessed my car and kept the tires and rims on it that I purchased and won’t give them back and take back his original tires and rims that came with it. Also, the car is already back on his lot for sale. The balance I owed is $2500. He has a $4950 price on the windshield. Can he sell the car for that much and keep everything or am I owed something? Oh, yeah. I am in North Carolina.

By: LaDarius

LaDarius — Sat, 10 Dec 2011 23:09:00 +0000

By: LaDarius

LaDarius — Sat, 10 Dec 2011 23:09:00 +0000

By: Yjoinme

Yjoinme — Sun, 06 Nov 2011 06:09:00 +0000

Hi.. My truck was repoed for no insurance and i made arrangements with the lot to provide proof of insurance and make my next payment. After i complied with the agreement and made a payment, the owner of the dealership refused to release the truck to me. Also several personal items were missing and they ordered me off of the lot with no explanations. I have the receipts of both the payment and the insurance that was faxed to them. Isn’t that illegal for them to take a payment and not give me my truck back? Mind you…I’ve Never,never been late or missed a payment!

By: rosie

rosie — Tue, 23 Aug 2011 16:10:00 +0000

I’m not behind but rather late on my payments. The Customer Service rep says that if I’m late again they will collect the car. No Right to Cure notice has been sent, and when I told her that she cannot take possession of the vehicle until she sends a right to cure and waits the time the law allows. The Customer Service rep says that they sometimes send a letter, but most times it’s verbal and it’s “we’re coming to take your car”. The Bank is Crescent Bank & Trust in LA. There are pages upon pages of complaints on this company. Do they have the right to come and take the car if I’m days late not months?

By: Concerned

Concerned — Mon, 18 Jul 2011 20:34:00 +0000

I surrendered by vehicl because I could not afford the payments, they auctioned it, and now say I owe the difference. Is there anything I can do

By: pete

pete — Fri, 08 Jul 2011 14:58:00 +0000

if i claim the the car back should i be concerned that they destroyed the car getting it on the flat bed

By: pete

pete — Fri, 08 Jul 2011 14:58:00 +0000

if i claim the the car back should i be concerned that they destroyed the car getting it on the flat bed

By: Repdc1999

Repdc1999 — Thu, 12 May 2011 22:04:22 +0000

My vehicle was repossessed back in 2006. I have not made any payments toward the balance because they told me the amount i agreed to would not even pay down the principle. I can’t afford a payment even now because i do not make enough money. The amount they trying to claim is around $11,000 (Originally it was around $6,000). What should i do about this?

By: Repdc1999

Repdc1999 — Thu, 12 May 2011 22:04:00 +0000

By: Steve Rhode

Steve Rhode — Thu, 12 May 2011 14:16:21 +0000

I’d find a local attorney to help. You seem to have a good argument.

By: Steve Rhode

Steve Rhode — Thu, 12 May 2011 14:16:00 +0000

I’d find a local attorney to help. You seem to have a good argument.

By: Southernlady0166

Southernlady0166 — Wed, 11 May 2011 23:56:18 +0000

I live in Colorado which has under UCC law debtor must be sent a Right To Cure letter if debtor falls behind on car payments, giving them 20 days to bring payments current. I had never even been 1 month late. However in April I did fall almost 3 weeks late, informed them last Tues pymt was mailed, on Thur my vehicle was repo’d, they received the payment on Friday – however I was never even sent that Right To Cure letter. (This is a finance company – something the dcealer didn’t disclose to me at time of sale) – Since RTC letter was never sent wouldn’t this make the repo illegal and since they had received the pymt that Fri and no payment is even due now, wouldn’t they have to return the vehicle??

By: Southernlady0166

Southernlady0166 — Wed, 11 May 2011 23:56:00 +0000

By: Robert

Robert — Fri, 22 Apr 2011 02:25:43 +0000

Thank you for sharing this valuable information about your rights before, during and after repossession. Very good and useful tips. 5*
credit with bad credit

By: Steve Rhode

Steve Rhode — Sat, 19 Mar 2011 13:44:42 +0000

The first thing is to send a certified letter, return receipt requested, to the bank documenting your deployment status. Next, kick your family in the butt and get them to contact the bank and make arrangements to begin payments right away.

By: Steve Rhode

Steve Rhode — Sat, 19 Mar 2011 13:44:00 +0000

By: Christal Cooper

Christal Cooper — Sat, 19 Mar 2011 07:16:50 +0000

im in the military and im on deployment and appearantly my family was not making payments on my car and the dealer ship bout the car back from the bank and is now trying to repo the car what should i do

By: Christal Cooper

Christal Cooper — Sat, 19 Mar 2011 07:16:00 +0000

By: Steve Rhode

Steve Rhode — Sat, 26 Feb 2011 04:55:59 +0000

I don’t know what your contract said. Why not just pay the tax?

By: Steve Rhode

Steve Rhode — Sat, 26 Feb 2011 04:55:00 +0000

I don’t know what your contract said. Why not just pay the tax?

By: Tamikawatson28

Tamikawatson28 — Fri, 25 Feb 2011 23:18:19 +0000

I paid $3000 dollars for my car and have not paid the $265 tax balance thats due, do that give the salesman a right to repo car, being that we are not under a security agreement?

By: Tamikawatson28

Tamikawatson28 — Fri, 25 Feb 2011 23:18:00 +0000

I paid $3000 dollars for my car and have not paid the $265 tax balance thats due, do that give the salesman a right to repo car, being that we are not under a security agreement?

By: Mona

Mona — Tue, 08 Feb 2011 00:00:10 +0000

Hi, I’m in the same situation. Are you able to make payments on the difference that you owe?

By: Mona

Mona — Tue, 08 Feb 2011 00:00:00 +0000

Hi, I’m in the same situation. Are you able to make payments on the difference that you owe?

By: Steve Rhode

Steve Rhode — Thu, 30 Dec 2010 20:00:44 +0000

That’s the way it works. They sell you car at auction and then bill you for the difference between the sale price and the balance owed.

You may want to speak to a bankruptcy attorney.

By: Steve Rhode

Steve Rhode — Thu, 30 Dec 2010 20:00:00 +0000

That’s the way it works. They sell you car at auction and then bill you for the difference between the sale price and the balance owed.

You may want to speak to a bankruptcy attorney.

By: L3iduh_1985

L3iduh_1985 — Thu, 30 Dec 2010 19:32:37 +0000

We just recently got our vehicle repossessed. We couldn’t afford the monthly $470 payment any longer so we did a voluntary repo. Now the repo collection agent is asking us to pay the full $9000 balance on the car. But we do not have that money and cannot afford to pay it in full. If we had that money otherwise, why would we even have the car repossessed in the first place?! Now, is there any way or law that says we can make payment arrangement instead that would fit our paycheck to paycheck income? Thanks!

By: L3iduh_1985

L3iduh_1985 — Thu, 30 Dec 2010 19:32:00 +0000

By: Steve Rhode

Steve Rhode — Wed, 08 Dec 2010 02:00:02 +0000

They won’t take your income tax but they will probably go after you for the balance due as the co-signer.

By: Steve Rhode

Steve Rhode — Wed, 08 Dec 2010 02:00:00 +0000

They won’t take your income tax but they will probably go after you for the balance due as the co-signer.

By: Manda915

Manda915 — Wed, 08 Dec 2010 00:48:05 +0000

If I co-signed for a car loan and they let the car get repo will they take my income tax?

By: Manda915

Manda915 — Wed, 08 Dec 2010 00:48:00 +0000

If I co-signed for a car loan and they let the car get repo will they take my income tax?

By: Joshua Gabert

Joshua Gabert — Sat, 04 Dec 2010 23:10:56 +0000

The credit Union is goign through my dealer ship. Im not sure how all these hidden fees and things work. This is my first Repo. But that would make sense not to have any fees from my dealership if I was going through a Credit Union?

By: Joshua Gabert

Joshua Gabert — Sat, 04 Dec 2010 23:10:00 +0000

By: Joshua McEntarfer

Joshua McEntarfer — Sat, 04 Dec 2010 23:09:10 +0000

Yes. That is my exact predicament. Unless I pay the Towing Fee. I can not get my Items. Is this legal?

By: Joshua McEntarfer

Joshua McEntarfer — Sat, 04 Dec 2010 23:09:00 +0000

Yes. That is my exact predicament. Unless I pay the Towing Fee. I can not get my Items. Is this legal?

By: Steve Rhode

Steve Rhode — Sat, 04 Dec 2010 20:32:29 +0000

Okay, so it is not a fee for access to the items but it is a towing fee that is currently owed. Is that right?

So the position is that unless you have paid the pre-existing fee, then you don’t have free access to the contents. If you paid the fee then you would be able to get the items because your fees would all be paid to whoever has the vehicle right now. Is that right?

By: Steve Rhode

Steve Rhode — Sat, 04 Dec 2010 20:32:00 +0000

Okay, so it is not a fee for access to the items but it is a towing fee that is currently owed. Is that right?

By: Merovingian TV

Merovingian TV — Sat, 04 Dec 2010 20:28:03 +0000

I assume these laws & policies are irrelevant if it’s a Credit Union Auto Loan?

By: Merovingian TV

Merovingian TV — Sat, 04 Dec 2010 20:28:00 +0000

I assume these laws & policies are irrelevant if it’s a Credit Union Auto Loan?

By: Joshua Mcentarfer

Joshua Mcentarfer — Sat, 04 Dec 2010 20:11:25 +0000

“Secured Items” in the contract stipulate “….any item within physical connection to said vehicle. Any attchement to vehicle that cannot be simply removed without usage of any mechanical tool or device…” Such as a car stereo, amp, rims, tires, gauges, head lights etc. in other words I understand that “Secured Items” are exactly as it states. Secured to the vehicle. I called my car dealership and asked for clearification on “Secured Items” and what I quoted you is what he told me. So my confusion is rising. lol…however even if I can find a way just to get my sons things that I need, Diaper bag, Stroller, Car seat, and records. I can leave all the rest. They are just material things that can be replaced. But my dealership is telling me that I have no authority to any of my belongings unless I pay this $125.00 for towing fees. My contract clearly states I have legal and fee less access to my belongings. I feel like im being pushed around. What step shoul I take?

By: Joshua Mcentarfer

Joshua Mcentarfer — Sat, 04 Dec 2010 20:11:00 +0000