Legal Question in Credit and Debt Law in Texas

Car was repoed and the tote the note is charging $500 for repo fees. Can they do that?


Asked on 9/21/12, 9:42 am

1 Answer from Attorneys
Greg Wiley Law Office of Greg Wiley PLLC

Yes, it is allowed to charge reasonable fees. Tote the note places are some of the most unscrupulous. If possible, it is always better to use a more mainstream lender. I know most do not go to tote the note unless it is a last resort.

Best of Luck

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Answered on 10/09/12, 11:00 am


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