My car was reposed around January 29Th, up till date I ha vent received an phone calls, or letters from the bank. Prior to the repoing i use to get about a million calls a day. What is the bank up too? Surely i owe about 10 thousand for whatever it was sold. i really ****** up the engine before it was taken it was next to burnt on a 2005 altima. Regardless i haven't heard anything for a while I'm starting to wonder what they are up too? Should i call them and inquirer on what tricks they got up their dirty sleeves? last time i talked to them i told them i was a student with not enough income to pay the loan off. maybe that's why? anyone got any suggestions ? PS: the car was only valued at around 18G's and i owed 28'gs because of extended warranty etc etc and like i said the engine was more dead then my dead cat
2007-03-16 09:45:20 · 4 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
You'll have to pay the difference between what they sold it at auction for, and what your loan was for. Probably a lot of money. In the end, they'll win in a court judgement.
2007-03-16 10:53:19 · answer #1 · answered by chuck_junior 7 · 0⤊ 0⤋
Well, you shouldn't have bought a car yuo can't afford. Secondly, they don't have to tell you anything. Due process doesn't apply to repossesing vehicles.
If the company called you on Monday to say they were going to repo you car on Tuesday, obviously you would hide it.
Lastly, if they repo'd your car and sold it, they have no reason to contact you. As for the difference you owe, chances are you'll get collection notices or a letter saying that you will have a judgement placed against you for the remainder of the balance.
2007-03-16 10:06:16 · answer #2 · answered by evil_paul 4 · 0⤊ 0⤋
You paid $28K for a 2005 Altima? I think we can get you off the hook arguing lack of capacity to contract.
2007-03-16 10:07:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When the court summons arrives you'll know what they're up to.
It's not their "dirty sleeves" kiddo - it's the sleeves of the company you screwed out of alot of money.....only one person here is dirty and it's not them.
2007-03-16 10:04:38 · answer #4 · answered by Susie D 6 · 0⤊ 0⤋