Legal Question in Credit and Debt Law in California

I had to take a loan out to help my parents out so they wouldn't lose their house, but I ahd to take off a week from work that I wasn't counting on and wasn't able to make the 1st payment that was due on 12/30. On 01/13 their was a late charge added which in understandable. I talked with the fiance company on 01/20 and explained my situation telling them that I would be getting a check any day and would not only pay they what was currently owed, but planned on paying a great deal more to get it paid off as soon as possible. When I went to get in my car the next morning (01/21) I found my car gone. I called 911 to report it and was told the car was picked up. After dealing with the shock I called them on Friday to pay them the payment + late charge, but was told they wouldn't except anything but everything which is around $5,600.00. Is there anything I can do to stop what they are doing? I don't have all that money, at this time feel like I have been taken advantage of since the payment was only 21 days late.


Asked on 1/25/10, 12:46 pm

1 Answer from Attorneys
Mark Muntean Mark Muntean, Attorney at Law

You need to read your agreement with the finance company and see what it actually says. What does the agreement provide in the case where you are 21 days late? this is a good place to start. Also, the finance company really does not want the car. if you can find an attorney to call them, the attorney may be able to put things back the way they were.

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Answered on 1/30/10, 4:43 pm


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