Posts tagged as:

Finance Company

Who gets sued in the even of a repossession?

December 13, 2009

repossession

Given my recent hardship it has come down to me surrendering my car. Will the finance company come after the primary buyer or co-buyer for the deficiency balance?
The finance company refuses to do anyhting to help and I have been told by several ppl that this particular company will not budge. I am the co-signer for my father but the car is mine. I want them to sue me and not him bc he has enough on his plate right now.

Passive Income

Tagged as: , ,

{ 4 comments }

What happens after a car repossession?

The finance company requested that I send them proof of insurance and my last two pay stubs. and they said it will go in front of a review board. Do they call the insurance company to verify. This is all new…Please help.
My question is are insurance companies supposed to disclose insurance information to [...]

Tagged as: , ,

Read the full article →

Should I buy a car which is categorized as a finance repossession?

Should I buy a car which is categorized as a finance repossession?
I checked this preowned car, and AA said there is an existing finance agreement against the car, which is a hire purchase.
I told the dealer, and he said this is a finance repossession. He said the finance company has cleared the car.
Obviously I will [...]

Tagged as: , ,

Read the full article →

What are the Massachusetts Laws regarding car repossession?

Can someone please tell me, under Massachusetts Law, does the finance company have to inform me that my car will be repossessed before they can actually take it? Will they give me some notice?Rent Back

Tagged as: , ,

Read the full article →

Is a Repossession of a vehicle worse than paying the finance company late on a consistent basis?

Bottom line is that things change. I now have a car that I can no longer afford. I am trying to determine if voluntary repo would be better than the payment being and staying late on and ongoing basis. Please help.
The repo would cause a deficiency balance that I would have tyo [...]

Tagged as: , ,

Read the full article →

what is the statue of limitations on car repossession?

I owned a vehichle that was repossessed 2 years and nine months ago. We received letters from the finance company after it was sold a t an auction, telling us that we owed the balance. I did not respond to the letters. It has been almost three years ago,and now I am getting phon [...]

Tagged as: , ,

Read the full article →

When does repossession of a car take place?

My friend has a 2006 vehicle and he has stopped making payments 2 months ago. He’s moving to Puerto Rico & he’s leaving the car to me. He told them that the car is in a different state.The finance company have been acting so stupid threatening him that they’re gonna report the car stolen. Doesn’t [...]

Tagged as: , ,

Read the full article →