I was 3 months late on the payments so I called the lender(wfs financial) and told them what was going on that I was between jobs but was starting a manager pos. with a firm very soon. I asked if they would roll a payment off to the end of my scheduled plan they agreed. Since then I have made double payments and brought myself current with my payment plan. I called them(wfs) the other day and they said that they had %26quot;charged off%26quot; the car and for me to turn it in to them. I asked why? what about the payments I have caught up on? they said ...consider it like renting a car. Last night the car was repossessed from our apartment parking lot. Can I fight this? Can I get re-financed? HELP, there has to be a way to beat this.................
Can I get my car back if it was repossessed and I am current on the payments?
You broke your loan agreement when you missed payments. Even though you caught up, it doesn%26#039;t change broken contract. See if lien holder will work with you, but it sound like they have already made their decision. The bad news is that if they sell it at auction and don%26#039;t recover the full amount you owed, you will still owe the remainder. EXAMPLE: $5000 owed, car sells for $4000 at auction, you still owe $1000 for a car you don%26#039;t have. The creditor can garnishee your wages or seize your property to pay off dept.
Can I get my car back if it was repossessed and I am current on the payments?
Happened to me once. I had to go to a auction house and pay the car off in full. If you can%26#039;t do that, they will auction it off and you have to pay the balance. good luck
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