How to Get Out of Debt Forum

I Had My Truck Repossessed Yesterday. How Do I Get It Back?

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3:25 am
March 25, 2010

Jon Emge

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posts 1018

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John,

Without seeing all the paperwork involved it is difficult for me to say what has occurred.

Are you saying you bought a truck and signed no paperwork for it, drove it away, it has financing on it, again nothing signed, and the bank or lender repossessed it?

If you are wanting to argue the validity of a contract you will need to consult an attorney for this.

As for getting the truck back, the laws do vary according to area and also what type of lien, security contract or financing is on the vehicle, but usually to redeem a repossessed vehicle you would need to pay all the past due payments and possibly any fees incurred by an agent in repossessing the vehicle.

The finance company or bank should be able to give you an exact figure as to how much to get the truck back.

In some areas if this is the second time they have repossessed the vehicle, the lender does not have to allow you the opportunity to get the vehicle back.

Let me know how this works out for you.

Jon

3:33 pm
March 24, 2010

John341

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i HAD MY TRUCK REPOSESSED YESTERDAY.

I HAD MISSED SOME PAYMENTS AND, BECAUSE WHEN THEY PHONED ME I COULD NOT GIVE
AN EXACT DAT WHEN I COULD PAY THE MISSED PAYMENTS ,THEY SAID IT WAS GOING TO REPOSESSION.

BUT I STILL DO INTEND TO MAKE UP THE PAYMENTS AND I TOLD THEM THAT.

ACCORDING TO YOUR WEB PAGE THEY NEED A SECURITY AGREEMENT. i HAVE A CONDITIONAL SALES AGREEMENT
WHICH STATES ALL THE CONDITIONS AND SAYS THAT THEY CAN REPOSESS IF I MISS PAYMENTS.

I CAN ALSO GET THE TRUCK BACK IF I MAKE UP THE MISSED PAYMENTS.

MY QUESTION IS WETHER THIS AGREEMENT IS BINDING AS TO REPOSESSION BECAUSE IT IS NOT SIGNED BY ME OR THE SALES PERSON.

ON PAGE 2 WHERE IT HAS PLACE FOR BUYERS SIGNATURE AND SELLERS SIGNATURE NO ONE SIGNED

THANKS, JOHN