My question involves an auto loan or repossession in the State of: Alabama
I'm going to try to give as many details as possible, and appreciate any help that can be given.
In August 2011, my boyfriend took out a loan (using his car, which has a value of around $5000) for $500. He made his payments until he lost his job, then he missed one. A few weeks later, without any notice, they took his car. He talked to the owner of the shop, who was very willing to work things out with him. He went and made a payment of $200 about two weeks ago or so, and was going to go make another payment of $200 to get the car back, to which he would *still* have a balance of $500 or so to pay.
The pawn shop owner called him today and informed him that he "wasn't aware" that the towing company was charging $30.00 a day for storage on the car- which was now up to about a grand. The pawn shop owner said that he was going to talk to the towing company and try to negotiate, but that if the owner had to pay it, he would, since it was his mistake for not being aware of the charges- for my boyfriend to call back later that afternoon to see what was going on.
My boyfriend called back, and the Pawn Shop owner informed him that all in all, he now would owe around $2000, and was the car worth that to him? My boyfriend has no way to pay the $1000 he would need to get the car out of the towing shop, and would never be able to catch up at $30.00/day.
Can the Pawn Shop do this? My boyfriend will be going to visit the Pawn Shop tomorrow to talk to the owner, but I just want to be informed before he does. Thanks so much.