Is my car gonna get repoed
Date: Tue, 01/25/2011 - 17:45
Im so confused. I NEEd help. I financed a 2003 Mitsubishi Eclipse December 2008 with Drive Financial. . I made my payments on time up until last March. I called them and let them knoww I was unemployed. They informed me they can take the 3 payments and defer it to end of the loan toget me current. At some point, from last year, till now, they were bought out by Santander Cosumer. They explained to me that my deferrent of 3 payments and late fees( total 1654.00)...were back on to the loan and must be paid immediately. I begged for payment arrangement, and etc. They said the loan will be charged off in next couple of days if I didnt pay full 1600. i didnt have it, so they charged it off, but i contiunue to be making my payments to stay current with current months.(nov dec jan). I cant afford to lose this car, and Im trying to see what my options are. Do you think they are going to repo my car if I continue to make the payments oni t? I try talking to Reinstatement Dept and they wont even transfer me to thrm. All they kleep saying is ihave to pay the total balance of 9,800. Do you think they will repo the car, should Icontinue to make the payments ??
I believe only the lein holder can repo your car. I am surprise
I believe only the lein holder can repo your car. I am surprised the creditor would sell the account. You need to check and see who the lein holder is and go over your paperwork very carefully as they will state their repo policy. Also check your state repo laws.
I believe Drive Financial went out of business and Santander too
I believe Drive Financial went out of business and Santander took over all of their loans. They charged it off Novem 30. but i still contunue to pay currents months payments. I dont even know what to do there so nasty.
