Summary
In Maryland, lenders can repossess your vehicle without prior notice if you default on payments. You have the right to redeem your car by paying off the entire loan balance or curing the default. If you cant afford this, consider consulting a bankruptcy attorney. For refinancing options, research lenders specializing in bad credit loans, but be cautious of predatory practices. A credit counselor can also provide valuable advice on managing your debts.Full Conversation
my vehicle was reposessed last night. i am behind alot from what they say. but they neer called me about missed payments
Hello Ashley, I'm sorry to hear about your situation. In West Virginia, lenders are not required by law to notify you before repossessing your car. However, they must follow specific rules:
- They can't breach the peace during the repossession.
- They must send a notice after repossession, detailing your rights and obligations.
- They can't sell the car until 10 days after they send you this notice.
im in maryland
I apologize for the confusion. In Maryland, the lender does not need to provide you notice before repossessing your vehicle. However, you should be given the opportunity to redeem your car and any personal items in it. Can you confirm if this was the case?
they said i need to pay either the full balance or half of it which is * and i dont have that
I understand your situation, Ashley. In Maryland, to redeem your car you must pay off the entire loan balance or cure the default. If you can't afford this, you may want to consider speaking to a bankruptcy attorney.
thanks
You're welcome, Ashley. If you need further assistance or have any other questions, feel free to ask. We're here to help you.
know any company or banks that would lend money or refinance the loan to someone with bad credit
While I can't recommend specific companies, there are lenders who specialize in bad credit loans or refinancing. Make sure to research thoroughly, compare interest rates and terms. Always be cautious of predatory lenders and high interest rates.
ive been trying and have had no luch been at this since * pm yesterday
I'm sorry to hear that, Ashley. It can indeed be challenging. You may want to consult a credit counselor to help you navigate this situation. They can provide advice on managing your debts and may be able to help you find a solution.
TRY ME!
Start a new chat