Need vehicle repo advice ASAP Pease!!

[Bearmo01]

My vehicle is financed through Santander Consumer Loans and they said if I didn't make a payment today (6/3) they will commence with repossession efforts. I'm at 68 days right now, I thought they couldn't do anything until 90 days. Advice/suggestions??

Thank you.

[NoMoreCards]

You thought wrong.

Finance companies do not have a rule of waiting a specific time before repo efforts. Your payment is well past due, and they are within their rights to commence with repossession.

You do not state if you filed for BK or not. If not, the only way to stop them is pay them. If you did, you would be protected under the automatic stay and the finance company would have to file for a relief from stay in order to repo.

I hope that info helps. All the best to you.

[Bearmo01]

Thanks NoMore,
Just spoke with our attorney, we will be filing on Jun 9th. Do you think I'll be okay until then?
Thanks,
B

[NoMoreCards]

There is no way anybody can tell. It is a roll of the dice.

[AlmostAmos]

You'll be fine - just keep the car locked up and watch your six when you're out & about.

[BNKRPTinNC]

You'll be fine - just keep the car locked up and watch your six when you're out & about.

Ditto

They came to the house while the wife was at work with the car. Told the guy we had retained an atty and filed but had no case number, which was the truth. Took name of lawyer and went on his way. After quick call to atty, she told us to put it in the garage until we had a case number. It was all good a couple days later.

[deeone2010]

Question about keeping vehicle in chapter 13

How does it work about keeping the vehicle when in chapter 13? We are 3 years into our loan and have 3 more to go. Is the attorney able to lower the interest rate or how does it work?

Thanks so much for your information and help!

Dee