Results 1 to 3 of 3
  1. #1
    Join Date
    May 2014
    Posts
    1

    Default Repossession of a Car in Utah

    My question involves collection proceedings in the State of: Utah

    Hello,
    I lost my job back in January & have just started a new job last week. I am currently 47 days late on my car payment & have spoken w/ the bank about getting a deferment but because they have already done 1 for me this year they can not do it again. How long do I have before they come get my car? What are my options besides paying them right now which isn't an option for us? I'm gonna try to get a payment to them before the month is over but not sure how that is going to happen.

    I haven't received any notice from them that the are going to repo the car or anything like that. I did receive an email from a person who works at the bank stating that I am eligible for a deferment but now I'm being told that was a mistake??

    Any help would be great

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Repossession of a Car in Utah

    You have no options.

    Count on your car getting repossessed at the most inconvenient moment, sooner than later.

    You can sweat it out until you can pay but you take your chances that it'll be gone and the bank has no obligation to tell you in advance that it's coming to get it. Your notice about potential repossession is in your loan contract and that's all the notice that the law requires.

    There's no way anybody can predict or even guess as to when the bank will take the car.

    Could be tonight.

  3. #3
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Repossession of a Car in Utah

    If you have any equity, you should sell the car to pay off the loan. You will be farther ahead than if they repo and sell it auction usually.

    1. Sponsored Links
       

Similar Threads

  1. Repossession: How Can You Be Charged a Repossession Fee if There Was No Repossession
    By GOONIE in forum Cars and Dealerships
    Replies: 4
    Last Post: 06-17-2012, 07:55 AM
  2. Emancipation: Getting Emancipated in Utah
    By CCH95 in forum Juvenile Law
    Replies: 35
    Last Post: 11-07-2010, 02:58 PM
  3. Emancipation: Emancipation in Utah
    By jessied08 in forum Juvenile Law
    Replies: 2
    Last Post: 10-29-2006, 07:21 AM
  4. Emancipation: Emancipating in Utah
    By troubled1 in forum Juvenile Law
    Replies: 2
    Last Post: 10-11-2006, 10:03 AM
  5. Expungement and Sealing: Utah expungement help
    By brian in forum Criminal Records
    Replies: 1
    Last Post: 12-24-2005, 08:50 PM
 
 
Sponsored Links

Legal Help, Information and Resources