In these difficult times, with thousands of people losing their jobs every month, it can be hard to keep up with all the expenses, especially when the bills keep coming. Falling behind on payments for a vehicle happens to the best of us. Sometimes life deals you adversity like an unexpected medical bill, a work related layoff or some other situation that no one plans for in the budget. You don’t have the money for it, but if you put off the car payment, you can get the bill paid, and hopefully can catch up on the car payment next month. Many justify the decision because it could only cost a late charge.
The problem is trying to explain your situation to your loan company. They don’t care about your personal problems. They are in business for one purpose, to make money. You made an agreement with them and they want their money or your vehicle. Your loan company is not going to tell you what you legally can or cannot do in this situation. They are in the business of collecting the money you owe them not solving your problems. If it comes to it, they will send a bill collector for the money.
Generally, bill collectors are paid based on how much money they collect. In our experience here at Law Offices of Denvil F. Crowe, that means they will say whatever it takes to get your money. more on Repossession