Legal Question in Credit and Debt Law in California

GMAC car loan - late on payments

Can GMAC repossess this car? If yes what steps do they have to take 1st?

I keep calling their 800# and getting disconnected after a while.

I'm 2 months behind on a 2004 SUV car loan. This is a 4 yr. loan to be paid in full by Nov. 2009

I pd. 40K w/10K down and now owe less than 7K I'm in Real Estate and have money coming in but it may be 3-6 more weeks. I can make 1 payment ($588) in that time but I will still be 2 months behind. I just don't want them to come pick it up after I have dropped 30K so far. I just need some time here.

Thank you in advance,

Mark


Asked on 4/07/09, 3:02 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: GMAC car loan - late on payments

Sure they can pick it up, if they can find it.

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Answered on 4/07/09, 3:14 pm


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