Legal Question in Credit and Debt Law in Georgia
Refused Payment
I paid a payment on my loan account but was told that they could not accept my payment because I owe a 15 dollar late charge and that if I did not pay them the $15 they were going to repo my vehicle. Is this legal?
Asked on 11/07/08, 8:41 am
3 Answers from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Refused Payment
We do not know the terms of your contract. It is common for a lender to not accept a partial payment. The very obvious solution - if you owe the late fee, pay it. Then you won't need to worry about a repo. That would be a silly battle to fight.
Answered on 11/07/08, 8:44 am
Nasir Butt
Nasir Law Associates
Re: Refused Payment
It is subject to terms of the contract which you have with your financer.
Answered on 11/07/08, 9:05 am
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: Refused Payment
Yes. If you owe a late fee you owe it (read your contract) and you should expect to lose your car if you violate the contract you signed.
Answered on 11/07/08, 9:15 am
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