late payment Archives

→ late payment

Car Repossessed, Now What?

If you have a car loan, the lender can repossess your car after a default through “self-help” repossession. This means the lender doesn’t need to file a lawsuit and can just send the repossession company to pick up your car. Self-help repossession is legal but drastic, and the law imposes strict requirements on creditors. Consider…

Late Payments & Repossessions

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…