by Anonymous on September 30th, 2009

Anonymous

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Just the other day my truck was repo'd.I have been making the payments for the last 5 years. My payments are behind but I can't seem to get ahead due to all the interest n late fee's.In the last 5 years I have payed 35,000for a 17,000 truck what can I do?

Answers. 2 helpful answers below.

  • by john pennington on October 3rd, 2009

    john pennington

    First, did you ever converse with anyone at the financial institution, about your financial situation?

    Most will work with you. not talking to them is an admission of guilt or non-compliance.

    If its already been repoed, its too late for that now.

    Your only hope now for transportation is a Tote The Note Lot.

    The repossession will almost destroy your credit score.

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  • by malevolentbutticklis on September 10th, 2010

    malevolentbutticklis

    You can save. If you save you don't have to buy on credit. If you do buy on credit after saving and something goes wrong you have a cushion.

    You can read. You could have known in advance purchasing on credit was going to cost you a lot more than purchasing with cash. You could have even factored in some late fees. You could have said to the lender that you didn't like the terms and gone elsewhere.

    You could have kept your promise. You promised the lender those payments. Even with late fees and penalties your truck was

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