Category Archives: Repossession

My Car Was Repossessed. Do I Have to Pay The Entire Loan Back? – Barbara

“Dear Steve, My car was repossessed and the lender told me I will need to pay the entire sale price plus fees occurred and my pass due fees. I live in Georgia and I need to know is he correct for doing this and giving me only 10 days to come up with $4000 instead [...]

I Brought My Account Current But My Car Got Repossessed Anyway. – Nelson

“Dear Steve, I make a payment on saturday at a shared branch of my credit union that brought my account current and the receipt stated my next payment is due 4/28; however, my car was repossessed this morning. can the bank actually do that? is it wrongful repossession after bring your account current and your [...]

Does the Car Lender Have a Right to Reposes My Car After I Made a Payment Through MoneyGram? – Abby

“Dear Steve, I have been known to be late on car payments, but I do always make them, I made my payment this am, through an automatic moneygram deal, and they repossessed my car that day. Did they have legal right to take it, after accepting my payment? and what do the fees to “redeem” [...]

How Much Time Do I Have to Get My Motorcycle Back After Being Repossessed? – Ashton

HSBC just repossessed my motorcycle and they want the lump some that pays it off in order to get it back. During the past few months I called and changed my address with them which turns out they never did and made arrangements with them to make the account current and avoid repossession and again [...]

Buy here lot wants to repossess my vehicle but they want me to bring it back to the state. – Tim

I purchased a vehicle from a buy here pay here company when i was living in georgia. i moved back home to my home state back in may. since then i have hit a financial downfall. im not disputing that i owe them money or anything. to make a long story short it is now [...]

My friend left the country and left a repossesed car behind. What risks would I take if I drive it?

My friend had to leave the country and left his car behind…I keep it in my garage (different address from him) and drive it back and forth to work, from garage to garage. It is already being looked to be repossesed by the car dealership (for lack of payments for a few months). Does police [...]

Can I Sue My Finance Company for Wrongful Repossession? – Angela

I live in California ans my car was recently reposessed. I want to know if I can take the finance company to small claims court and sue for money lost, etc. I was 1 month behind on my payment. I made a payment arrangement to have my finance company take the past due amount out [...]

What are the chances of Toyota Financial negotiating the ‘REINSTATEMENT’ amount? – Crystal

I regretfully made the mistake of not communicating with Toyota Financial and confessing to my change in my financial situation, due to being laid off from my job. So of course the dreadful results of Repossession took place… The combination of losing your job and getting your car repossessed is beyond stressful, Toyota Financial repossess [...]

How soon can I get a mortgage after paying off a repo? – Samantha

My car was repossessed in June 2010 and auctioned for less than the loan amount shortly after. So the account appears on my credit reports as a charge-off and delinquent for the deficiency amount. I would really like ti buy a home so six months ago I started working to repair my credit (which also [...]

My Ford Explorer Just Got Repossessed. – Donna

“Dear Steve, i have $8000.00 let on my 2006 Ford Explorer. Was behind two months and they took it 330 this morning. I live in southwestern Connecticut and they took my car to RHODE ISLAND!!!!! 2 and half hours away!!!! Can they do that and what do you think the towing cost is?? Today in [...]

I Have a Lot of Credit Card Debt, a Repossession and a Judgment. – Eric

“Dear Mitch, I have a lot of old credit card debt. Recently I had a repossession go to judgment in which I received a letter in the mail. I contacted the law firm but was not left felling comfortable.. They answered the phone by just saying “law office” , the person I spoke to seemed [...]

What Can I Do About My Car I Can’t Afford Anymore? – Jared

“Dear Steve, About a year ago I had a great job selling life insurance making a lot of money(to me at least), wrecked my old car, so I needed to buy a new car. After awhile of thinking I had come to the conclusion that for my job I needed a nice car (for appearance [...]

Girlfriend Just Had Our Baby and My Car Got Repossessed. – Steve

“Dear Steve, Situation * my girl friend just had our child she was out of work and i am in deep financial hole. car got repossessed due back payments. i would like to file for bankruptcy but i did not file my tax return for last year ,because i knew i was going to owe. [...]

Does the California Repossession Law Let Them Take My Car? – Freyja

“Dear Steve, We have a car loan with the dealership and we made a payment on July 20th. Our payments are usually do on the 8th and we a 10 day window before a late fee is assessed. On Aug 4th they repossessed my car and when I called the dealership they told me I [...]

Nissan Motor Acceptance Corporation Repossessed My Car. – Tammy

“Dear Steve, I got out of the Army in the beginning of March. In May, after I realized I couldn’t keep up with a $600 a month car loan, I contacted Nissan Motor Acceptance Corporation and asked if there was a way to get lower payments. I explained my situation to them and also informed [...]