Seized Car Auctions In US » Job

Can anyone estimate a used car auto loan percentage rate with a score of 644?

Dean The Car Expert — Fri, 27 Aug 2010 04:15:07 +0000

I want to finance a used vehicle that is 11,000 dollars here in Florida. I have 2,000 down. What percentage rate can I expect? Is 644 a decent credit score? I’ve been at the same job for 4 years. I really don’t use/need credit until it comes down to buying a car (tired of driving cars I have to fix every month LOL). At what percentage rate should I walk away?

My car was repossessed last year after wife lost job?

Dean The Car Expert — Thu, 26 Aug 2010 21:02:23 +0000

My car was repossessed last year after wife lost job and we got behind on payments, and were unsuccessful in attempting to negotiate lower payments/deferments with them to get caught up. Loan was through Wells Fargo, who sold the car at auction and we were on the hook for the difference. This was immediately sent over to a collections agency, which would deal with us, and we’ve been making 0 payments ever since. Apparently, Wells Fargo has taken the loan back and sold it to another company. We only found this out because the collection agency refused payment, and we called them. What is up with this and what should we expect? Is it possible that with the sale we may be able to negotiate a smaller payoff to be rid of this loan for good?

Auto repossession laws and advice please?

Dean The Car Expert — Fri, 20 Aug 2010 13:50:55 +0000

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!

When car's are repossessed, can you still get tickets on them if say they are registered in your name still?

Dean The Car Expert — Fri, 13 Aug 2010 16:17:19 +0000

Two of my car’s were repo’d last year after I lost my job and I believe they still had valid registrations, so out of the blue my insurance statement says my fees are going up cause I have two speeding tickets, which I never got in the mail or anything…could it be that the cars are still registered in my name and so maybe a camera caught them speeding and automatically blamed me? what do i do to fix this?

How much can you get a decent used car for?

Dean The Car Expert — Thu, 12 Aug 2010 21:03:56 +0000

I’m just wondering how much it would cost to get a used car for my first car. I don’t make that much money at my job and I will be 17 at the beginnning of next year. How much money should I save to get basic, decent car?

Legal advice for car repossession in Texas? We are thinking of filing a lawsuit and need help.?

Dean The Car Expert — Tue, 29 Jun 2010 23:32:54 +0000

Here’s the breakdown of events:

Lost a job in March that led to deficit in our home income. We were 90 days behind on a vehicle lease loan with Fifth Third Bank – we had been calling them for months trying to work something out, and they were completely unforgiving. They finally said they were coming out to repossess our car.

This past Friday: Called Fifth Third Bank and said that we could make a 2/3rds payment on what was past due on our car. They said it needed to be the full 90 days. We said we could do something over the weekend and pay on Monday. The customer service rep said we had until Monday and she noted out account.

Sunday at 6am: Our car is involuntary repossessed while we slept. Called the police later in the morning to find our car had been taken to a local repossession lot. When we called the lot, they said that Fifth Third hadn’t informed them that we had until Monday. They said we needed to call Fifth Third on Monday morning to discuss.

Monday at 7am: We called Fifth Third. The rep says that she sees the note on our account, but that doesn’t matter. She said someone should have explained the risks to us, and they could repo our car anytime, no matter what we were told. We made the payment via Western Union for our car. We are told that once the paperwork is sent to the repossession lot, our car will be released to us. We are told this will at least take a day. We call the repossession lot at the end of the day to see if paperwork has been received, and it has not.

Tuesday: We call the repossession lot to see if the paperwork has been received, and it has not. We call Fifth Third, and they tell us to call back on Wednesday. They said these things take time.

Wednesday (TODAY): We call the repo lot. They tell us our car has been transferred to the auction lot. They tell us our car will be up for auction on Monday. After some argument, we find out that Fifth Third places a 72 hour hold on cars repossessed, and that we’ll have to pay all these fees incurred for the time. Fifth Third still has not sent them (or US) ANY paperwork regarding this matter. We’ve only found out all this information by calling these places trying to piece this together.

TONIGHT: We are told by the repo lot that they will not sell our car because we have a confirmation number for our payment. However, we’ll still be responsible for all the fees.

My question is – WE PAID ON MONDAY. WE WERE TOLD WE COULD HAVE UNTIL MONDAY TO PAY. And the note saying that is on our account. Do we have a legal case? I know we defaulted on the loan, and that is our fault, but don’t we have some rights here? Shouldn’t what the representative told us on Friday hold some weight as a verbal contract or agreement with us?

Please help. I believe we’ll be contacting a lawyer in the morning, but we’re just feeling helpless. Thank you for anyone who takes the time to read this and offer advice.
Just as an extra note – the customer service rep we talked to on Friday didn’t even have our current address until we told her. So, she would have had to tell us we could have until Monday, then sent out a repo order after telling us that.

what can i do with a repossessed car?

Dean The Car Expert — Tue, 29 Jun 2010 13:50:02 +0000

on jan 18 was our first monthly payment we called and did a pyment by phone, now this month we get a new statement saying we owe last months payment and the new month, the new payment isnt even due and today they went to my boyfriends job and took the truck i kept calling the bank and said theres nothing we can do until monday, but that there might have been an error,,,,,,what can we do ?? are we getting our truck back???

I am in such a mess! My soon to be ex-husband has had our car repossessed and our home foreclosed on?

Dean The Car Expert — Tue, 01 Jun 2010 13:50:40 +0000

in the past year! He had the statements all sent to his job, and changed my phone number with the creditors so that they couldn’t contact me! He even messed up my checking account so bad that they closed it and now my credit is so bad that I can’t open a new one! This is such a nightmare! I always paid everything off on time to keep my credit score high, but I have been in and out of the hospital fighting my cancer and he was swearing to me that he was handling the bills – boy was he ever! The accounts were in both of our names, so the creditors aren’t going to care whose fault it is! I need advice, we have three children so I can’t wait seven years to have an account or any money! Do people ever recover from credit problems this bad? I am devastated and sick with worry all the time, please help me.

Any chance of being approved for an auto loan?

Dean The Car Expert — Sun, 16 May 2010 23:27:13 +0000

Curious About Auto loan Inquiry

My fico is 672
I have about 7 credit cards all averaging about 4-6 years old with only 10% usage.

1 Collection for 0.00 ( they won’t delete it even with a payment in full )

But i have a repo back in 2008 which i cosigned for a family member which they did not pay the loan and ended up getting repossessed.

I have a car a paid cash for already, but what i am looking for is to put down ,000 down-payment on a used vehice that is around k..
Would i have any chance of being approved??

Been at the same job for well over 7 years, income 80k.

After a car is being repossessed, do we still have to pay?

Dean The Car Expert — Fri, 14 May 2010 06:37:20 +0000

My husband had an expensive car, when he lost his job & settle for a lower pay instead, his car was repossessed. He thinks he still has balance to pay for the car. Some of our friends say, the debt collection agency will contact us soon to demand the rest of the car payment, even after the car has been sold to someone else. Is this true? How does it work anyway?