Car up for REPO, can I refinance?
Date: Wed, 09/02/2009 - 10:28
My car is 6 months overdue for payment and I was contacted by a repo company. Would the bank rather have the car or would they be willing to refinance? Is this common practice for bank, or should I just turn it in?
I have the money to resume payments, but not the $3k lump sum to get current. Any advice?
I have the money to resume payments, but not the $3k lump sum to get current. Any advice?
You probably no longer meet their lending or refiance criteria
You probably no longer meet their lending or refiance criteria since you are past due. Now that you are in repo status, you will need to make up all the past due or they will take the vehicle.
