Tag Archives: repo

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 [...]

I Made a Partial Car Payment But They Repossessed the Car Anyway. – Denise

“Dear Steve, I made a partial car payment and I called the car company and told them the rest of the payment was in the mail and on it’s way a few days later they came and reposed it so they have my money and the car Now they want me to pay for the [...]

I Am Filing Bankruptcy But My Attorney is Waiting For Stuff From Me. – Brent

Brent wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

I Purchased a Car With My Ex-Husband That I Can’t Afford Anymore. – Yvonne

Yvonne wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

I’m 3 Months Behind on My Car Payment and 7 Months Pregnant. – Juanita

Juanita wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Repossession: Why It Happens, What You Can Do, and Your Rights Before, During and After

If you fail to make payments on a car loan, or anticipate a problem paying in the near future, you should be familiar with the process of repossession and what rights you may have. This article will cover your rights before and after repossession, starting with the security agreement you signed when you bought the [...]

When You Can’t Make Your Vehicle Payments

If you find yourself unable to make your vehicle payments, you’ll want to act quickly. In most states, if you miss a payment, whether you have bought or leased the vehicle, the lender has the right to repossess it almost immediately. Here are some strategies to consider when your vehicle payments become too much, including [...]

My Husband Bought a Truck Two Years Ago. He Can’t Pay For It Anymore. his Father Cosigned. – Brandy

Brandy wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Should I Let the Loan Company Take the Truck? – Cindy

Cindy wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Repo Men Recovering Cars On The Fly With High Speed Cameras

Some amazing new technology out lets the repo companies snag repos on the fly without having to do it the old fashioned way of hunting the car down. New technology by MVTRAC allows repo vehicles to read license plates of cars parked or passing them. When the system goes “ch-ching” the driver knows they have [...]

Can My Lender Repossess My Car in Another State?

“Dear Steve, Due to some financial challenges, I have been behind my car note for almost 4 months in the State of Tennessee and the Credit Union wants to repossess the car. I told them I’m not in town because right now I’m in another state (Maryland) with the car for a program. They called [...]

Nildo Has Moved Back in With Parents And Wants to Save His Car From Repossession

Nildo wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

I’m a Low Income Single Mother With a Disabled Son and Collectors are Chasing Me. – Milla

Milla wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

My Credit Union is Suing Me for Repoed Car. – Liz

“Dear Steve, I had a 2006 Honda Accord EX and a signature loan from my credit union. I got laid off and couldn’t make either payment. The CU put both loans together at one point, but I still couldn’t make the payment, so I voluntarily returned the car. They sold the car, and I still [...]

Mary Had Her Motorcycle Repoed And Wants Your Advice

Mary wrote in and asked the following question. “I had a motorcycle repossessed and sold at an auction. They want me to pay the entire loan and a debt collection agency has taken over. What are my options? What is the best thing to do?” – Mary Mary, I wish I had some amazing advice [...]