Just about had my truck repo'd...wrongfully...

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  • nc0ffey
    PS/XB: nc0ffey84
    • Jul 2002
    • 6215

    #31
    Re: Just about had my truck repo'd...wrongfully...

    yea, i read about that after he took it...but its good to know in the future...well, not really, this will not happen again!

    Comment

    • slash32is4
      Rookie
      • Jul 2003
      • 2

      #32
      Re: Just about had my truck repo'd...wrongfully...

      banks can repo even if your just 1 day late usually its stated on the loan somewhere but its not cost effective and once u get 30 days late they are usually calling u all the time trying to get you to make a payment plan n if u do wut you say usually they dont send the car out to be repoed but once they send someone out to repo it they cant really stop it and you will still owe the balance on the loan that they dont get from auction so they will still take your payment... sounds like you failed to comunicate with them very well

      Comment

      • sunshinemind
        Rookie
        • Sep 2008
        • 28

        #33
        Re: Just about had my truck repo'd...wrongfully...

        is it going to look bad on your credit

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        • nc0ffey
          PS/XB: nc0ffey84
          • Jul 2002
          • 6215

          #34
          Re: Just about had my truck repo'd...wrongfully...

          Originally posted by slash32is4
          banks can repo even if your just 1 day late usually its stated on the loan somewhere but its not cost effective and once u get 30 days late they are usually calling u all the time trying to get you to make a payment plan n if u do wut you say usually they dont send the car out to be repoed but once they send someone out to repo it they cant really stop it and you will still owe the balance on the loan that they dont get from auction so they will still take your payment... sounds like you failed to comunicate with them very well
          Ok, this is the last comment I am making here, I suggest this thread be locked actually, because some of what is being said isn't exactly making me feel great.

          I communicated very well with the bank, they did not call me. I called them on November 4th to make a payment, that is the first I heard of them turning me into collections. I made the payment on the 5th at a local branch, then followed that up with a phone call to my account manager to make sure they received the payment and that I would not have to worry about repossession, I was assured that everything was fine at that time. So, it was not a communication problem on my behalf, it was a problem with the bank communicating to the collections company.


          I got the truck back, I won't be late on another payment, lets just leave it at that. No more comments on this thread, thanks!

          and yes, i am sure it will look bad on my credit.

          Comment

          • Altimus
            Chelsea, Assemble!
            • Nov 2004
            • 27283

            #35
            Re: Just about had my truck repo'd...wrongfully...

            Locked @ OP request.

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