Legal Question in Consumer Law in Texas

repo

i would like to know if you are sending in a car payment of at least $100.00 a month is that considered by law that the finance company is accepting payment and theycan not reposses your vehicle that is what i have heard and i know that some friends of mind have done with out any problems


Asked on 9/05/07, 10:26 pm

2 Answers from Attorneys
Sharon Campbell Sharon K. Campbell

Re: repo

They may be accepting your payment but that doesn't prevent them from enforcing the contract you signed in which you agreed to pay more per month than $100. IF you do not comply with the terms of the contract, they can certainly repossess your vehicle, with no prior notice.

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Answered on 9/05/07, 10:32 pm
Johm Smith tom's

Re: repo

You should talk with them and see if they will agree to a smaller payment, at least for a limited time.

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Answered on 9/05/07, 11:20 pm


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