Do They Have to Inform Us of a Repossession?
by MARTY
(HOOD RIVER, OREGON)
WE LIVE IN OREGON, AND GOT BEHIND ON OUR CAR PAYMENTS (2 PAYMENTS BEHIND). WE ARE GOING TO PAY IT BEFORE IT'S 3 PAYMENTS LATE.
DO THEY HAVE TO TELL US IF THEY ARE GOING TO REPOSSESS OUR CAR?
THE CLUTCH WENT OUT ON THE CAR AND WE TOOK IT TO HAVE IT FIXED. THEY WOULD NOT FIX IT OR BECAUSE THE FINANCE COMPANY TOLD THEM THAT THEY WERE GOING TO REPOSSESS IT FROM US BECAUSE WE WERE BEHIND ON OUR PAYMENTS. WE TOLD THE FINANCE CO. THAT WE WERE AWARE OF IT AND WOULD HAVE IT CURRENT BY OCT. 1ST. BUT NOW, WE WERE TOLD BY PEOPLE WHERE WE BOUGHT THE CAR THAT IT WAS GOING TO BE REPOSSESSED BUT WE HAVE NOT HEARD ANYTHING FROM THE FINANCE COMPANY AT ALL.
SHOULD WE GO AHEAD AND BRING THE ACCOUNT CURRENT? AND IF SO DO THEY HAVE TO GIVE US BACK OUT CAR?
THANKS FOR YOUR HELP.