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 “Dear Steve, I consulted an attorney 2 months ago about bankruptcy and retained them to proceed with the process. I have only 2 more item to give the attorny before they proceed. I have fallen behind on my car payment and they repoed it yesterday. I am wanting and needing the car back very [...]

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

Yvonne “Dear Steve, I had purchased a vehicle 3 years ago with my now ex-husband at the time he was going to help me with payments which were 265.00 per month and to this day are still the same and I still owe 8400 on a vehicle that is only worth 4000. I can’t make [...]

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

Juanita “Dear Steve, I have a car that is 3 months behind and a credit card because i moved to another state and wasnt able to work because i was 7 months pregnant now i can pay the payment but not enough to get caught up. How can i get caught up without loosing my [...]

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 “Dear Steve, Almost 2 years ago, my husband bought a truck before we were married for a little over $34,000. His monthly notes are roughly $600 due to his bad credit even though his dad was a co-signer. This was okay until a few days ago when he was laid off and now realizes [...]

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

“Dear Steve, The car loan company was going to work with me but faxed by papers on a Saturday (last day of the month) when I was not at work so they say they can’t help me now. My husband is out of work. Should I let them take the truck back? I will then [...]

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 “Dear Steve, Because of a job change, that pays only commission I got myself into this mess. Now I have to move back into my parents home and lose my car. It pays good commission but I have had 3 bad month and now I don’t know what to do How do I get [...]

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

Milla “Dear Steve, I had a car that was repossed around 2005. The car was sold but the creditors are coming after me saying I have to pay around 7,00 with interest of $43 monthly. They had the sheriff come to my home with some court papers. I also had to fill out some papers [...]

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 [...]