Tag Archives: repoed
- 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 [...]
- I Never Got a Notice Before My Motorcycle Was Repossessed. – Ken
“Dear Michael, My motorcycle was repossessed and they never sent a notice of dispositon as required by Georgia law. I also requested an explanation of disposition within 14 days as required by law and never received it either. Spoke with Vice Pres. of finance company and he stated that even though the law states no [...]
- 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 [...]
- Will My Car Get Repossessed Since I No Longer Have Steady Work? – Cindy
“Dear Steve, I own my own business. With the economy I no longer have steady work. I can’t affored to make my auto loan payment. I have my auto up for sale. I can’t make the payment & I can’t sell it. What rights do I have? The lender refuses to work w/ me to [...]
- I Recently Became Late on Several of My Bills Including Two Car Loans. – David
“Dear Steve, I recently became late on several of my bills including two car loans. I maxed out a credit card to cover me when my wife become unemployed and pregnant. She has been unable to gain employment since then. I purchase a 2009 Dodge Caravan several months ago and now may have to relinquish [...]
- Repossession: Why it happens, what you can do, and your rights before, during and after repossession
Losing Your Vehicle By Repossession 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 publication will cover your rights before and after repossession, starting with the security agreement you [...]
- They Are Coming to Take My Husbands Car Today. – Renee
“Dear Steve, My husbands car, that is in his name is about to get repossessed. Like today. There is nothing we can do about it, we simply cannot pay for it. There is no option- either eat or pay that car payment. He got it before he was married and before we had a baby. [...]
- Will My Car Get Repoed if I Take it to the Dealer for Service? – Mike
“Dear Steve, I fell way behind on my car payment, I am on unemployment, and now my car needs to be fixed and it has to go to the dealership to get fixed. It might get repo’d if they realize its so far behind. If they do take the car, I know will be responsible [...]