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Is it possible to get a new auto loan on a used vehcile after repossession 2 years ago.?
14th March 2011
My husband had stopped working and wasn’ t receiving Unemployment for 6 months due t denial, After he won his unemployment it took an additioal 20 to 30 days to start receiving unemployment checks, which his car had a prior repossession and two week after he received his first unemployment check his car was repossessed and car was sold.
Car was impounded before it could be repossessed?
12th August 2009
I was laid off and my unemployment checks barely covers my rent and food. I called my auto finance co. and told them I wanted to voluntarily give back my car since I could not afford the payments. (I already know about all the consequences; credit rating, still owe the money, etc.) Before I could give the car back the car broke down while driving and won’t start. It happen to break down on a side street that says no parking. Again I’m broke so I can’t afford to tow anywhere that day. When I finally did get a little bit of cash my car had been towed and I assumed is in an impound lot. Just curious as to what any of you would do in this situation; Get the car out of impound to turn it in or just let it sit and let the finance co. go get it themselves since they technically own it. Or maybe another option? Keep in mind I have NO extra money.