Legal Question in Credit and Debt Law in Illinois
If a person is more than 90 days past due on a car loan and one of the loan officers said the car was not going to be repossessed and then the repo man shows up at your door and you have loaned the car out to a friend or relative for a week, what will happen to that person that the car belongs too. Arrangements have been made to get a payment in on the first of the month and then another on the 8th.
1 Answer from Attorneys
If you told the repo man to contact the loan officer at the time of the attempted repossession, the repo man may have had the authority to call to verify. Otherwise, if you were honest and told them where the car was, you should probably tell the friend/relative before they walk out the door and find the car gone.......?
The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is currently licensed to practice law only in the State of Illinois. Responses are based solely on Illinois law unless stated otherwise.
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