Legal Question in Credit and Debt Law in Virginia
Repo Ripoff
My car has been repossessed, I have already paid the bank. I think I am being overpriced for an ''unexplainable'' ''repo fee!''
2 Answers from Attorneys
Re: Repo Ripoff
You need to check your original loan agreement and see what you AGREED to by way of "collection costs" or attorneys fees. That language is wher eyou should look. If that language includes your agreement to pay such costs, then it would be valid. If you did not agree in the loan document to pay for that, then they are not permitted to add it to your account.
As to whether it is too high, who knows? You would probably have to call around and see what the fees are for various repossession companies.
Re: Repo Ripoff
We do repo cases. Feel free to contact me with the facts and documents.