Reposession
Date: Mon, 06/13/2011 - 21:01
We signed a contract with a "Buy Here, Pay Here" car lot for my husband's SUV. Shortly thereafter, our account was sold to a finance company. We never signed any papers with this new finance company. We were two payments late, and the finance company reposessed the truck, without ANY notice given to us that they were going to do so. We live in the state of Virginia. Is this legal for them to do, since we didn't sign with them and they didn't give us any notice whatsoever?
As far as I know, they can't repossess your husband's truck with
As far as I know, they can't repossess your husband's truck without giving a prior notice. You can get more information from the following link:
"http://www.scconsumer.gov/faqs/credit.htm"
From my research, you do NOT have to be notified of a pending re
From my research, you do NOT have to be notified of a pending repo in VA.
Read your contract from the original lender. It more than likely has an assignee clause, allowing them to sell the note.
