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I was never given any information about what was to be done with the car (auction, private sale, etc). Now a couple of months later, I have a collection agency (AIC) calling me. I haven’t answered yet because I really don’t have the time to talk when they do call so I don’t know if it’s post auction or pre auction.
If it’s pre auction, I’m guessing they are just trying to collect the total amount -
Oh, and on a side note, never deal with HSBC or Ed Voyles in the Atlanta area. 2002 Jetta TDI that was k got financed by HSBC for k. That’s 50% interest and Ed Voyles had to lie to the bank saying I was putting k down but wrote me a k ‘miscellaneous’ check and withdrew it after I deposited it into my checking account using the k check I wrote them to be cashed after theirs cleared.
- However, if it’s post auction and they are trying to collect on the remainder of what it didn’t sell for, I’ve never received any written or oral information from the bank regarding what they were going to do with the car. If I’m not mistaken, I was supposed to be informed as to the course of action they would be taking prior to it being taken. If so, I was not.
What ‘rights’ per se do I have if this stipulation holds true?

Thanks in advance.
Ok, you first 3 posters are idiots and trolls.
Read the information. I’m not asking ‘oh lordy lordy what do i do?’

I admit I should have stated that I co-signed with my brother who ended up losing his job [when the layoffs started] just over a year ago and all attempts to keep the payments up HAVE been made, so I’m not some punk who signed a contract and said ‘nah, i don’t wanna pay it.’
I TOLD them to repossess it because they kept calling me asking about when I was going to bring the payments up to date.
My question isn’t How will they, why have they, or when will they repossess it. Those of you who read it as such are retards.

What I asked was [due to some information that I had read regarding Rights of People Going Through a Repossession] if anyone knew of a law that stated what happened when a creditor doesn’t inform you of what will be done to said repo’d property. Such as ‘Breach of Contract’ on the creditor’s end.

Not all repo’s are the fault of the person being repo’d.

Hello! I have a question regarding a vehicle repossession in Georgia. My car was repossessed in November of last year (2009) after I was 3 months past due on my loan. I lost my job and was in college full time and was unable to pay the payments. I tried everything that I could to avoid repossession, however I failed at all attempts. Anyway, I received a letter from the bank shortly after they got the car back that told me that they were going to sell it at a public auction unless I requested a private sale, etc. I did not respond to the letter because I had already tried to sell the car to no avail. I got a letter today telling me that they sold my car on June 30th at an auction for 1800, which leaves a deficiency of ,352.30 that I owe in full within ten days or they will take further action against me. I was wondering what I should do, as I obviously can not pay them. I can barely pay my bills that I currently have. My husband and I are living with his parents, we share a car now and I do not work as I am in college. I graduate in three weeks (Nursing) and will get a job shortly after that (providing that I pass the boards). Would the bank be willing to wait until then? And even then, I can only do a payment arrangment. Also, I thought that the bank was required to tell me when and where the car would be sold so that I could come to the auction if I chose?

Thanks for all help in advance!
I go to school 5 days a week. On Mondays, Tuesdays and Fridays, I work at hospitals, nursing homes, drs offices, etc. doing clinicals. I work from 6:30 am until 2:30 pm. On Wednesdays and Thursdays, I go to school from 8:15 am until 2:30 pm. I then go to my husbands job and sit in the parking lot until he gets off work at four and then we drive 30 mins home. The only job I would be able to get would be a part time job, which would be hard working two different shifts with only one car. My husband has one job. We live in a very small town, population less than 10,000 and with an unemployment rate 9% above state average. You think we’re the only ones without a job? I didn’t ask for your criticism, only your advice. You were too busy being judgemental to even answer the question.
And anyway, did I ever say that I was not going to pay the debt? No, I did not. My question was asking if the bank would likely be willing to work out a payment arrangement with me, as I can not pay the lump sum right now.
Thank you, Spock for your answer. To the second poster: This is an example of advice.
The reason I got the car in college was because the original loan was in my dad’s name. My dad got the car for me and made the payments. He later got sick and underwnent open heart surgery and since I had a good, stable job, I told him that I would take on the payments. I then took out a loan in my own name and took over the payments. Had I known then what I know now…. lol

Hello! I have a question regarding a vehicle repossession in Georgia. My car was repossessed in November of last year (2009) after I was 3 months past due on my loan. I lost my job and was in college full time and was unable to pay the payments. I tried everything that I could to avoid repossession, however I failed at all attempts. Anyway, I received a letter from the bank shortly after they got the car back that told me that they were going to sell it at a public auction unless I requested a private sale, etc. I did not respond to the letter because I had already tried to sell the car to no avail. I got a letter today telling me that they sold my car on June 30th at an auction for 1800, which leaves a deficiency of ,352.30 that I owe in full within ten days or they will take further action against me. I was wondering what I should do, as I obviously can not pay them. I can barely pay my bills that I currently have. My husband and I are living with his parents, we share a car now and I do not work as I am in college. I graduate in three weeks (Nursing) and will get a job shortly after that (providing that I pass the boards). Would the bank be willing to wait until then? And even then, I can only do a payment arrangment. Also, I thought that the bank was required to tell me when and where the car would be sold so that I could come to the auction if I chose?

Thanks for all help in advance!