Question: Repo--need refinance loan.?

(Posted by: noodle on 2007-12-17 11:01:39)

My car was repoed yesterday and they are telling me that I have to get a loan from another vendor. Anyone know who I can get a loan through if I dont have a job?

Posted by: acermill on 2007-12-17, 12:26:19

Let me get this clearly. Your car was repossessed because you didn't make the payments on the loan. You have no source of income because you're not working. And yet you expect ANOTHER company to lend money to you to get your car back ? Just how do you propose to pay for this NEW loan without income ? You couldn't make the payments on the LAST loan.

Posted by: S P on 2007-12-17, 11:21:25

Well, I think I know...

Posted by: RdJa on 2007-12-17, 11:35:38

If your vehicle was repoed, then they will sell the vehicle. After selling the vehicle, they will bill you for the difference between what you still owed on it and how much they received when selling it. I don't have any idea what they mean by getting a loan from another bank. I think you are too late.