I defaulted on a car loan and now must pay the remiander of the contract and surrender the vehicle. What can I do to try and keep the vehicle?
Question Details: I did not attend the hearing so the judgement entered on this case was awarded by default. I am paying the remaining balance of the vehicle contract through payroll garnishment, but would like to know what I can do to keep the vihicle since I'm paying for it?
Business Law Answers
I am a lawyer in CT and practice in this area of the law. You no longer own the car even though you are repaying the loan. the lender is the creditor not the car dealer, unless the lender is the car dealer. if the lender is a random other credit company then you will not be able to get the car back as it is already in the dealer's possession. however, if the deal is the lender, you may be able to negotiate to get it back. however, i do not think that you will be able to get the car back based on your credit history now.
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