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Tina, Lawyer
Category: Legal
Satisfied Customers: 8775
Experience:  JD, BBA Over 25 years legal and business experience.
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Our semi was repossessed today ... what can we do? we are in

Customer Question

Our semi was repossessed today ... what can we do?
JA: Because laws vary from state to state, could you tell me what state is this in?
Customer: we are in IL, the loan that we pay to and bought the truck from is Colorado
JA: What state is this in? And how old is the truck?
Customer: Illinois
JA: Have you talked to a lawyer yet?
Customer: we didn't pay 2 months because had to do repair and the loan people knew about it
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.
Submitted: 1 year ago.
Category: Legal
Expert:  Alex J. Esq. replied 1 year ago.

Hello. My name is Alex.
I will be happy to answer your question.
Please note that any information is provided for educational purposes only!

Did you contact the finance company?

Is your auto loan current now?

Customer: replied 1 year ago.
I called them and wanted to make a payment today but they didn't want to make my money
Customer: replied 1 year ago.
not current, had repairs on the truck and they knew about it and we have been in communications all week this week
Expert:  Alex J. Esq. replied 1 year ago.

Thank you for your follow up.

Did you review your semi finance agreement?

Does the agreement state that the finance company has the right to repossess the truck and also accelerate the loan and make the full outstanding balance due?

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