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
1 Answer from Attorneys
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.