[lovefaith1]

My question involves an auto loan or repossession in the State of: Illinois


My car was recently repossessed and the balance on the paper given to me after they auctioned the car off was $4500, when i was summoned with my papaer to pay the amount it had the amount raised to $5400, I agreed to pay the $4500 but wanted to see papers on the additional cost, since the lawyer had already included his fees. getting to make my first payment towards the $4500 balance i was informed the the amount had went up to $6009 and interest is currently being added. my question is why does it keep going up? can i sue them for the raise in amount? and is it legal for them to keep adding on to the amount after i already agreed to pay the balance of $4500 in court? what actions can i take to make sure i'm not getting screwed over?

[Mr. Knowitall]

My question is why does it keep going up? can i sue them for the raise in amount?

The amount presumably goes up because of late fees, interest, and additional attorney fees.

and is it legal for them to keep adding on to the amount after i already agreed to pay the balance of $4500 in court?

These charges are probably expressly authorized in your loan agreement.

what actions can i take to make sure i'm not getting screwed over?

You've received a summons for a lawsuit over the debt, so if you think you have a defense you can raise it in court.

[OhMy]

I would think that they would also charge you a fee for the repo. The repo company they hired probably charged $400 to $800 to repo your car. That is added on to the loan balance as soon as they order the repo.