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In Michigan if a lender is trying to repossess your car and verbally agreed to a payment plan can you keep the car from them until the agreed date?

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2015-07-16 18:05:46
2015-07-16 18:05:46

If the lender is "trying" to repossess the car now, wont they be "trying" to repo the car then also? How long do you plan on driving the car for free?? Just keep on hiding the car until you get a chance to pay on it.

thank you roosta-i see that you respond to a lot of posts here. i just wanted to make sure that i wont have the police knocking on my door. I didnt know they could start repo action without notifying you. I am also not driving the car for free. I was garnished and didn't have the money. The garnishment has ended and i can now pay them what i owe on 11/11/04. i just thank god that I am not one of the people whose couldn't pay because they were unemployed. i tried to talk to the people at my finance company but they didnt want to talk so i stop trying to talk to them. i sent faxes to them and text messages to the repo guy who showed up at my job. Don't know if that is legal or not but I am not going to worry about it for now. I pray that I will never have to finance a car again as this has been one of the worst experiences of my life.

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A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.

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If you do not make the payments agreed to in the contract, on time, the answer is yes. if they agree to accepting a payment get it in writing ,then you have them.otherwise your screwed they will lie and tell you anything to get the car If it ain't in writing it ain't no agreement.

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If you continue to make payments as agreed, on time, you should be safe from repossession.

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it means: sale agreed subject to contract - as in the sale of a property where the sale has been verbally agreed and simply awaits the formal signing and exchange of the legal contracts


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