Auto Repossession - How To Deal With Them...

How to deal with an auto repossession on your credit reports and debt collector claims for the remaining balance.

Use this Simple Letter to Settle Your Debt For Less and Avoid Judgments

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[djs]

One thing you forgot to mention, it's already paid for before you leave the lot.

[yahebedyah]

Sometimes you have to cut your losses if you can’t afford it lesson learned start over and handle your money better

[TheGoddessNotebook]

My lender WELLS FARGO refuses to work with me even after several attempts explaining I am currently on FMLA and now on maternity leave due to complications. I was 3 months behind but I still managed to pay $650 in a month to avoid repossession. They wouldn’t allow a deferment or any type of assistance for me. So therefore I’m just gonna let it be and move along and buy a car in full during tax time. I can’t stress over something I can’t control.

[steveheas]

Step 1 put your vehicle into storage unit.
Step 2 file chapter 13 Bankruptcy
You can also hide your vehicle for 7 years and they can try to sue you but you cant get blood from a rock. Either way your credit is screwed. Might as well take the hit to your credit. Either way if you do not file for bankruptcy your credit will be wiped out fresh after 7 years. It is a civil lawsuit. They can not imprison you for the debt. They can take your property in a lawsuit but if you do NOT have secured assets in your name, you can transfer them into someone elses name until its over with.

[sonyajohnson]

Thank you, I’ve tried to explain the 1st step to so many people

[jimmyr]

The privacy consumer act should take care of your consumer report. We never gave consent for them to report onto our credit 15 USX 1681 I believe🤔

[BattleBeautifully]

I was sold a car at David McDavid Honda in Irving, TX. I traded in a Toyota worth 17.5k for a car that Kelly Blue Book said was worth 19.5k. I Signed a loan for 26k. My Toyota was messing up and I panicked. The new car broke down the moment I drove off the lot. I turned around and asked for my car or another car. They would not give me my car back and threatened me that I would have to pay $ 3, 000 to get it back. Fast forward one year, I work hard on credit and save for a downpayment because I was expecting to be upside down 3k. I was told by a new dealer that the car was in an accident. almost totaled and is only worth 12, 000. So this car is upside down at 12k and no one will touch it. I really don't want to repo but I need a reliable car. I would appreciate any advice.

[manuelaguilar]

Is it too late to make payments after an acceleration notice?

[shoff]

Not for me but a good friend who had her car repod twice, I helped her pay to get it back the first time and the 2nd time they told her she’d have to pay the whole entire car off to get it back, is it a total loss or any other option she can do to get it back? This is why I always pay cash on my cars, I feel bad in my soul my friend who didn’t expect her rent to go up 400 dollars the past 2 years can’t make ends meet 😢

[porschewilliams]

Where can I get form to fill out for repossession

[ksokso]

what happens if I breach a contract and the other party comes to repossess forcefully, thereby triggering breach of peace, if subsequently I demand for the property that was repossessed and it was not returned can I succeed in the suit of detinue

[alizayharris]

What of the car is a charge off but its not in a repossession stage?

[TykeNotes]

I tried to give the car back after I drove off the lot and they still won't take the car in the repo phase

[benspurgeon]

What if your vehicle gets repossessed and sells at auction and sells for $8000 more than you owe. Will you receive the 8k.

[williemiller]

I was only 11 days late i contacted the inside finance car dealership let them know when I could pay before they picked up the car.... They came and repo the car. I called and asked how much to get my car back... they told me never...

[michaelsmith]

QUESTION: How do banks find an RV to repossess
if it's being driven around the country? (RV or trailer)

[triceejackson]

Just discharge it. I did using the statement bond

[donaldrinehart]

do they have a right to keep things in the car ...personal things?

[jesselossi]

I need help, my car was considered a chargeoff, Ally wont let me catch up to my payments im still in possession of the vehicle and dont want to give up my car

[avalaysha]

What if you never received the letter that they sold the car for whatever amount can they hold me accountable during this time and ad fees ?