Car Repo Payments

Are you paying the bank? Do you have the agreement that says what you are suppose to pay? If not then tell them that as far as you are aware that you are making the proper payment amount and that you increased the payment because you were able to. If they disagree tell them to send you a copy of the agreement.

Also try talking to a supervisor and explain that you were paying more than the agreed upon amount so you should actually be ahead of schedule.

OR

Tell them that you can only afford the $100 right now and if that is not acceptable then you will stop paying and they can take the next step.

Well, the loan originated with another bank and then wachovia bought out that bank and I have been paying directly to wachovia dealer services. The only time that I agreed to a payment was when I agreed to pay either 100 or 150 but either way, your right, I did increase the payments to 200 on my own and I should be ahead and I actually did tell my account manager that 100 is all I could pay and he told me that they will have to take further action. Well it looks like I will have to wait until tomorrow to call but I thank you for responding so soon. I was quite distraught over that phone call.

When you call tell them you believe the agreement was for $100 and if they disagree ask that they send you the agreement with your signature on it.

I will definitely say that I believe the payments were for 100, and thank you for your advice.