Legal Question in Consumer Law in California
Financing
I have a vehicle that I financed. I am late 90 days and owe 1089.00 by 6/12/07 according to my last statement. The company says that they want to repossess the vehicle and the only way for me not to have it repossed is to pay the past due amount plus 3 months extra payments. In my contract I do not have an an acceleration clause in my contract, so can the company legally repossess the vehicle if I pay my all past due amounts and make my account current?
Asked on 6/10/07, 8:41 pm
1 Answer from Attorneys
Jonathan Stein
Law Offices of Jonathan G. Stein
Re: Financing
Generally, as long as you make it current, they usually cannot repossess it.
Answered on 6/10/07, 9:05 pm
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