Repossession
Personal Finance
Loans
Money Management

The loan company says they never received your payment and repossessed your car yet there is a bank record of the money transfer what can you do?

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2005-02-27 00:12:03
2005-02-27 00:12:03

Most attorneys love 'wrongful repossession" cases. Call one in your area.

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Related Questions


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

We are remitted payment to you today, the balance is USD59,395.

A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving the payment.

I would check with your agent or the company.

The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.

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.

It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.

YES, they can and DO. Read your contract about the re-instating part. Was this your 2nd repo?

READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.

Until the LENDER cancels the repo order with the repo company, you are fair game.

Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.

Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.

As long as you owe them money they can take it.

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

IF you were NOT in DEFAULT, then it was a wrongful repo and you shouldn't have to pay. Call a local attorney NOW.

contact the lending institution and offer to make partial payment in exchange for the title.

Yes. the title to car car remains with the bank or finance company. Legally they can take possession for lack of payment at any time regardless of your wishes.

Yes, no matter what happens to the owner of your mortgage, you should always make your payments on time. A loan sale or servicing transfer does not mean you can skip a payment.

The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.

A final demand for payment letter can be a very strong letter by a company that is demanding payment from one of its debtors. Despite many reminders and requests for payment, the company has not received payment from its debtors, which causes it to write a strong letter to imply harsher actions. From:


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