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How can you get your car back if it was repossessed after you made and met payment arrangements with the collections dept?

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2014-02-10 16:44:31
2014-02-10 16:44:31

Read your contract. Reinstatement is decided by the lender not the state. Michigan

TITLE STATE: 1975 and subsequent years. SECURITY INTERESTS: Shown on title held by debtor. LICENSE REGISTRATION: Michigan Bureau of Driver and Vehicle Records, 7064 Crowner Drive, Lansing, Michigan 48918. Tel:(517)322-1460. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. Repossesses must hold valid collection agency license & Regulation, Collection Practice Board, P.O. Box 30018, Lansing Michigan 48909, (517)241-9239. DOCUMENTS REQUIRED FOR PLATES: Remain with debtor.

state website = "www.state.mi.us"

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Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.

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Yes. If the payment is made to the finnance company.

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READ you contract. Likely not on a 1st payment default.

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The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.

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You will have to contact the holder of the loan and make arrangements to get current and pay the penalty BUT They can refuse anything less than 100% payment with additional fees because they had to spend the money to repo it.


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