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
Study guides


26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

See all cards
3 Reviews

Add your answer:

Earn +20 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...
Still have questions?
magnify glass
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?

Infrastructure Leasing & Financial Services Limited is an Indian state-funded infrastructure development and finance company.

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.

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.

What is OASIS finance?

A finance company. Location:

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.

When was Home Finance Company created?

Home Finance Company was created in 1990.

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.

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

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

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.

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


People also asked

What does the far end of infared radiation do for us?

View results

Where is the us capitol located in Columbia?

View results

With Obama's new proposed regulations will you miss the Corvette Mustang F150 Challenger and normal sized cars Or will you enjoy driving a Briggs and Stratton powered cracker box around?

View results