Repossession Law Blog

Extension Fees Under Automobile Loans

July 29, 2010

In today’s economy, making monthly payments on a car loan taken out several years ago can be increasingly difficult. More and more, consumers need additional time to make a payment. We sometimes are presented with the question: Can a creditor charge a fee for extending or deferring a payment under an automobile loan? Yes, but…

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Late Payments & Repossessions

May 13, 2010

 We receive a lot of inquiries from consumers who have had their cars repossessed before the deadline they verbally agreed to with a representative of the finance company. Often the finance company will defend the repossession on the grounds that they never made the agreement and in any event, the finance contract requires all…

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Repo Madness Report

March 25, 2010

When you buy a car, your creditor can repossess it without going to court and first obtaining an order allowing for repossession. It’s called “self-help” rights. Contrast the substantial self-help rights of a creditor with the utter lack of rights of consumers to act without a court order. The protections afforded to consumers with respect…

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