Best Answer

Contact a local attorney and have your paperwork ready. If theres a dollar to be made, they will tell you quickly. Dont be surprised if you find out the ORIGINAL lender had to take the loan back when you were in default. Its called 'recourse".

User Avatar

Wiki User

โˆ™ 2004-08-23 22:33:16
This answer is:
User Avatar

Add your answer:

Earn +5 pts
Q: What can you do if your car loan was sold to a different finance company and the original company repossesses car without grounds to do so?
Write your answer...
Sign up for more answers

Registered users can ask questions, leave comments, and earn points for submitting new answers.

Already have an account? Log in

Related Questions

What is your liability if your finance company repossesses a damaged car?

100 percent

If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?

If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.

A Finance company to finance sales for your Company?

My company doe's home improvements.Need a finance company to finance

What kinds of loans are available from Close Finance?

Close Finance is a UK based finance company. This finance company offer many different loans for consumers, such as personal loans, debt consolidation, holiday loans, university fees and more.

When was Home Finance Company created?

Home Finance Company was created in 1990.

Who is a recovery agent?

A recovery agent is a person who repossesses or takes things back for financial institutions. If a person is financing a car and quits making their monthly payments, a recovery agent may come and take the car from the person and give it back to the finance company.

How does a company calculate the finance charge on a mobile trailer?

i need to know how a calculation of finance charge was figured out. it is a original loan at 18,084 for 12 yrs at 5.75% interest.

Can car registration be put in different name than finance company?

Yes. The finance company is the lien holder, therefor they are the tilte holder. General you can put whoever you want on the registration.

What is OASIS finance?

A finance company. Location:

Is Finance England the name of a company?

There is a company called Student Finance England, could that be what you are referring to? There does not seem to be a company that is just called Finance England, however.

How do you get a finance company to finance your customers?

some are asking for their friend to invest with their company with interest.

Can a company that is not a finance company charge interest and finance charges to someone it has lent money?


When was Netherlands Development Finance Company created?

Netherlands Development Finance Company was created in 1970.

When was Housing Finance Company of Kenya created?

Housing Finance Company of Kenya was created in 1965.

Is UK finance different from US finance?

UK finance is different from US finance because they have different policies regarding financial matters. They also use a different currency so it can be very different.

Is black horse finance a reputable company?

Yes, Black Horse Finance is a very reputable company that gets good reviews from critics and clients. They are a very respected company in the world of finance.

Is muthoot finance is recogniged company by RBI?

Muthoot Finance Limited is a Non Banking Finance Company functioning under licence from the Reserve Bank of India.

What is a discount in finance?

A discount is a reduction of the original price of an item. It can be a percentage or a fixed amount of the original figure. In finance the same principle applies.

What is the difference between corporate finance and managerial finance?

Corp. finance has to stick to strict accounting procedures and is used by people outside the company (such as the SEC) as well as inside the company. Managerial Finance is for managers and insiders of the company to use, and does not have standard accounting practices.

What is the address for you to make a car payment by mail?

The address should be on your statement. It is different for every bank or finance company.

What are the different categories of finance?

Catagories of finance are Debt finance, Equity finance, Long Term finance, Short Term finance

Being the finance manager of a company how will you make a financial forecasting?

Being the Finance Manager of a company how will you make a financial forecasting?

How is fair finance different from regular finance?

Fair Finance is a company that offers various personal and business loan products to people and organizations in England with an aim to be particularly responsible in its lending practices. In contrast, regular finance has less of an emphasis on the ethical considerations of how loans are made.

What services are offered through the Household Finance Corporation?

There are many different services offered through the Household Finance Corporation. Typically, the company is best known for offering mortgage services.

What is the post of a person in a company handling finance and admin?

Finance and administration manager