Legal Question in Credit and Debt Law in Indiana

About my Reposession

My van got reposessed on Apr. 17th. I have payments for Sept., Oct.,Dec. which got returned which I wasn't aware of, Jan. fine, Feb., fine, Marchs was returned. We made payment arrangments with the bank for Dec. which I was making. I put almost $1,000 into it to fix it in the past month that I wouldn't have done if I didn't plan on keeping it. They are saying I was 105 days past due but since I was making our payment arrangments I don't think they had the right to take it. I know March paymnet was returned but that didn't even make me 60 days late. My Apr. payment wasn't even due yet. It is due on the 16th of every month but then there is a 10 day grace period. I was only one day into my grace period. I realize two checks got returned but they did make arrangments with me so I would think that would make 105 days late null.


Asked on 4/23/08, 9:15 am

1 Answer from Attorneys
Samuel Hasler Samuel Hasler

Re: About my Reposession

You need to ask a question but if you are asking if they can repossess then I must say yes. You probably need to talk to the bank about why they repossessed even though they made payment arrangements. You may need to make the choice of getting a new car, getting a lawyer or buying back the old car.

Read more
Answered on 4/23/08, 10:05 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Indiana