Find Seized Car Auctions Near You

Know Where To Buy Your Dream Car For A Low Price!

Whether It Is A Mercedes, BMW, Honda, SUVs, Trucks...

Drive Your Dream Car For 90% Below Retail Prices!

Start Looking For Your Dream Car Now!

My auto loan has mature with Capitasl One. The problem is I have late fees that have accumulated from late payments in the past. Can I still get my vehicle repossessed for those late fee if I refuse to pay?? I’ve been trying to pay but the amount upfront is too much for and I only give partial payment which incurs more fees and the cycle goes on. Two things make their position unfair: 1. These are fees from the beginning of the loan which they said I did not have to be paid because they were not assessed as incurred and not retroactive (I have a letter to that effect). 2. I can’t get a hold of a live person. I’m automatically transferred to "recovery" services and instructed to leave a message which is never returned, as if they want to keep me there…..ponying up partial payments and adding more fees.

I was young, (22yrs old) had 2 jobs and made good money. I decided to trade in my old junk of a car and buy a brand new car. I had no credit history so my then bf helped co-sign for my new car. My interest was sky high but I didn’t care at the beginning because I had no idea what I was doing. I paid a very large amount per month and then after about a year, I lost my main job. A few months after that, I lost my other job. I now was collecting unemployment and went through HELL to make sure that car was paid off every month. I started making late payments and my life was just a mess because not only did I have to pay for that car, I had the insurance, rent, etc. I was no longer able to pay my car and that day came when Mr. repo came knocking on the door. They took my car after 2 years of me working my butt off and they auctioned it off for SO cheap (almost had a heart attack at how much they sold it for!)

This was in 2008 and 2 years later, I’m still struggling financially in more ways than a hundred lol…I have really bad credit, I can’t even open a bank account and I feel like my once so organized and amazing life is now totally off track. I don’t know what to do. These are my questions:

1. If I open a bank account, can my lender seize all my money? Not a savings, a checking account.

2. Being that I did not pay the upside down on the car (,000) should I file for bankruptcy and is it too late to do that after 2 years? And for those who want to suggest that I pay off the 16 grand, I’m not because I’m not going to pay for a car I don’t have anymore and you might say well you’re stuck with it you should have never bought a car you can’t afford I don’t want to hear it because you don’t know my story. I want serious answers, not answers that are going to sound mean and not help.

If there is anything that I’m missing? Please, any advise would be GREATLY appreciated. Thanks in advance

My grandmother co-signed for a car for my little sister. My little sister has not been making the payments on time and sometimes not at all. My grandmother has had great credit up until this point. And I was wondering which option would have the LEAST NEGATIVE impact on her credit ratings, 1.allowing the company to repossess the car or 2. just deal with my sisters’ untimely and sporadic payments. Thanks Desperate..

« Older Posts