my finance company repossessed my truck

Hi Yankcowgirl

The financial company has the legal rights to repossess your vehicle if you have defaulted on the payments earlier. For this purpose, they don't need to take any court orders. They hold such legal rights until you have fully paid the loan to them.

Every state has its laws that limit the ways a creditor can repossess the vehicle for recovering the debt amount. Check the local consumer protection office in your area and know your specific legal rights. If any violations have resulted, the creditor has to pay for the damages caused.

Contact your financial company and make them aware about the deal done with you. Did you have this deal in writing? It will be much better if you can lay some written proof of it. Tell them that since this deal has taken place before they repossessed your vehicle, you are not liable to pay the repo fees. You will be only held responsible for it if you further fail to make the payment. During this stage, you might also be at the risk of losing your car.

Please go through the following page on FTC website to some more about your legal rights.

http://www.ftc.gov/bcp/conline/pubs/autos/carrepo.htm

i have been waiting since april for my finance company to decide if they was going to do an ammendment. so i was told not to make a payment and now they have approved 3 times and today they called and said that they have changed and it is not and that i have to come up with 1016.00 by the end of the month or repo what can i do i need help