Exeter finance repo policy how to#
Exeter finance repo policy full#

If you can negotiate a settlement, get it all in writing before you pay. It also might help if you show goodwill and assist the repossession (give them back all keys, documents and make sure car is empty of personal belongings). You might be able to negotiate a settlement of this amount if you have a lump sum to pay the lender. You'll want to check the laws in your state. And you could be responsible for the deficient balance on the loan. Keep in mind that having a repo on your record will make it very difficult to find auto financing for a long time.Ĭars go for about 70% of FMV at auction. Kind of hard to salvage anything good out of this. Made sense for me, not saying it would for everyone. However, I got my car back, can work and will save up some $ over the next few months and when I'm ready to 'get out' of Chapter 13, find a lender who will loan to me either in or right out of a Chapter 13 because the second you come out, all your debt is once again due (like your car, which will be repo'd again if you don't get rid of it first). I rolled in a slight amount of CC debt I had which really didn't amount to much. I filed Chapter 13 which allowed me to get my car back immediately after the papers were filed, no questions asked. I had NO other option to get the car back, didn't have money in the bank to buy a beater and needed to get to work to make money.

Exeter finance repo policy full#

I owe(d) about $10k on my car when it was repo'd and they wanted the remainder of the loan paid in full or else they would keep it, sell it, I'd be responsible for the remainder after it was sent to auction. Similar situation happened with me a few months ago.

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Exeter finance repo policy how to#

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