What happened if you were behind on payments and the lender offered to refinance and lower the payments and said you were approved and then repossessed the car?
Generally you would have to sign paper work if the bank had
approved a refinance agreement . In that case you could take legal
action . They could however reposses the vehical if you fell behind
again on your payments after sighing the agreement. Guess
what......... banks and lenders LIE !!!!! If it is not in writing
then there is no agreement so you don't have any recourse.
Unfortunately you learned the hard way.