“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” cover, is it a penalty, or a guarantee of payment, since I have not been timely?
Thanks,
Abby”
Dear Abby,
Did the payment you make bring your loan current and how many days were there between the time you made the MoneyGram payment and the time the car was repossessed?
I need more information to answer. Oh, and what state do you live in.
Please post your responses and follow-up messages to me on this in the comments section below.
Sincerely,
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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