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Unformatted text preview: when the sale will take place. They have to give you the chance to buy your car back. You may also be able to get your loan reinstated if you pay fees first and get caught up on your payments. 4. If other valuable items of personal property were in the car at the time of the repossession, can the creditor keep the items or resell them to satisfy the debt? NO! They cannot sell your personal property that is in the vehicle at time of repossession. If they cannot account for the stuff that was in your car than you can get a lawyer and see if they will have to compensate you. I wish that I would have known that when I had a car repossessed when I was younger because I had about 500 dollars worth of stuff in the car and they told me that they are not liable for what is in the cars and I never got my stuff back. Reference www.ftc.gov/bcp/edu/pubs/consumer/autos/aut14.shtm...
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This note was uploaded on 05/18/2010 for the course MT Marketing taught by Professor Jgh during the Spring '10 term at Kaplan University.
- Spring '10