My stepdad signed for me a truck and now he is deceased and he has been deceased for three years but when he was alive i paid on my truck and now the company wants to take it back.can theytake it?

Answer 1

Do you owe a finance company or a bank for your truck? If so, and you are nearing 3 payments behind, yes they can take it. It is best not to avoid the telephone calls and mail that you are probably getting. Try to work out a plan. Sometimes lenders will put missed payments on the back of the loan.

If your step dad took out the loan and his estate did not pay it off, it could be repossessed the same as above.

The deal is, the truck is not yours until it is paid for. That's why when asked if the truck is yours, you should answer, "Mine and the bank's."

A lawyer may be able to keep the truck if there are unusual circumstances. Lawyers will usually give you a free consultation.