Re: Repossesion

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On 9/05/02, Jamie wrote:
> We are currently are few months behind on our car payment.
> A few days ago the repo. man can to our house, but I did
> not answer the door. I called our bank were we have the
> loan and apolagized that we were so far behind. The banker
> said that they would "work with us" and thanked us for
> calling. We had made a agreement that I would have my
> payments made up by the following month. Does the repo.
> guy still that the right to come get my car before I am
> cought up?
In Missouri, banks are required to send two letters notifying
you of default on the auto loan before repo can begin. After
that, look out! They practically stole my vehicles from my
garage and driveway in my situation.

Call your bank and ask if they have any letters on file
showing that they have notified you of default on your loan,
then get copies. You may be able to re-write your loan, which
could start you off with zero default letters, since they may
refer to loan numbers in their policy.

The best thing is to keep it paid up, or trade down to
something you can make payments on every month. Sorry, you
might not like that advice, but it came from my bankruptcy
attorney!

Re: Repossesion, 7/26/04, by Chrissy.

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