Mar
25
I need save my car from repossession. I will have money in 10 days what can I do?
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I just spent $4,000 on replacing the engine on my car with a shyster mechanic shop and having to use a rental car. Now I am in deep. What do I do?
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4 Comments
March 27th, 2010 at 9:12 pm
hide the car somewhere else till you have the money, the bank would rather have the money than the car
March 29th, 2010 at 8:54 pm
Call the finance company. Let them know that you can make the payment in XX days.
Depending on how far in arrears you are they may back off until that date.
Do not just hide the car and wait. Many times there is a judgment issued by the local court which allows it to be repossessed from anywhere they find it. Unless it is inside a closed, locked garage. They cannot enter your home. But if you park it in a lot, or at a friends, they can just drive up and take it.
I know, I used to be a repo man in the 80’s while going to college.
March 30th, 2010 at 3:34 am
CALL THEM IMMEDIATELY. They may be a lot more lenient about sending someone out to repo it if they know what’s going on rather than think you’re ducking them.
April 2nd, 2010 at 12:52 pm
you could call them and tell them when you will have the money, or hide the car, don’t take it to school or work, put it somewhere where it is not likely they would look like at a friends house not close to where you live.