Legal Question in Credit and Debt Law in California

Auto Loan Default

I lost my job in Nov 05 and became behind in my auto

loan payments but I have been making payments on the

account and just made a payment on Sunday March 23,06

and later in the week I received a call from the

Thrift and loan Co and they said I was in default and

they needed 600.00 more dollars to stop repo and my wife

made verbal agreement with there rep to pay the money

on the 31st of March and before she could make the

payment the repo people came out and took the auto

because the supervisor did not agree with the rep

and my wife's agreement

My wife was upset to say the least that the

company reniged on the verbal agreement

Can the Trift and Loan renig on a verbal payment

agreement and take the auto or is that against

consumer law because my wife thinks it is and also

she thinks that once the thrift and loan accepts a

payment that renews the contract and they can not

legally repo Thanks so much for your time we look

forward to hearing from you Sincerly Doug


Asked on 4/01/06, 10:59 pm

1 Answer from Attorneys
OCEAN BEACH ASSOCIATES OCEAN BEACH ASSOCIATES

Re: Auto Loan Default

Certainly the apparent authority of the representative is enough to assure a likely winning suit on your behalf. What is the worth of lost use of the vehicle, i.e. what would be the daily rental value of the vehicle? Have you lost additional sums from not having the vehicle? Please call me directly at 16192223504.

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Answered on 4/03/06, 8:37 pm


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