Legal Question in Consumer Law in California
Vehicle reprosession
Hello. Im not sure if this is the right category for this question, but I need help. The incident happen in February 2006. My car was reposses because I did not pay the balance wowed to my car. This balance consisted of the car payment, the deductuable on car repairs and the insurance. I got into a car accident and my car was repaired. However the insurance company, which was also the finance company sent me a certified mail letter stating that I had to pay the car payment, the deductable and insurance or my car would be sold. I made several attempts to make a payment options, but they would not comply. In addition, do most finance companies only reposses vehicles after consecutive missed car payments? I only missed ONE and it was only 15 days, and as mentioned, I was making an attempt to pay. I still have the original document of this letter. I want to file a suit against this company in court because this had a negative affect on my credit report, adn I don't think this comapany had the right to reposses my car that soon. I made an aggrangement to pay the deductable and pay the car payment and insurance at a later time, but it was denied.
2 Answers from Attorneys
Re: Vehicle reprosession
They gave you 14 days more than they had to.
Re: Vehicle reprosession
I am a bit confused. Why would you sue them? You didnt keep up the terms of the loan which required you to keep the vehicle insured. Once you failed to insure the vehicle, you were in default. They were nice by letting you continue to make payments. Some lenders put you in default for that.
You should talk to them about paying off what you owe as soon as possible.
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