divona2000
Senior Member
What is the name of your state? MI
I have a Chrysler vehicle loan with payoff amount of $846.64 (valid until 06/20/2008). Part of that is June's payment, I was told by a Chrys. rep. the rest is interest. The loan due date was June 6, 2008.
On June 7, 2008 I again spoke with a rep, who told me that if I did not pay off the full amount due within 30 days of the loan's due date, that Chrysler would NOT 'repo' the auto, but WOULD 'write off' the debt, and would NOT give me a clear title. I can make June's payment, but am struggling to come up with the additional $446+/-.
It seems likely I will not have this additional amount ($446+/-) until July 19, 2008, my next payday. I will try the evil check-cashing place if I must...however...
---If I cannot payoff this loan by July 5th, can Chrysler legally refuse to accept any further monies after that date, and write off my truck, and refuse to send me the title?---
I have written to Chrysler about this, and am awaiting their reply, but wanted to get your opinion(s) also. I am not eligible for a loan extension/due date change.
I have a Chrysler vehicle loan with payoff amount of $846.64 (valid until 06/20/2008). Part of that is June's payment, I was told by a Chrys. rep. the rest is interest. The loan due date was June 6, 2008.
On June 7, 2008 I again spoke with a rep, who told me that if I did not pay off the full amount due within 30 days of the loan's due date, that Chrysler would NOT 'repo' the auto, but WOULD 'write off' the debt, and would NOT give me a clear title. I can make June's payment, but am struggling to come up with the additional $446+/-.
It seems likely I will not have this additional amount ($446+/-) until July 19, 2008, my next payday. I will try the evil check-cashing place if I must...however...
---If I cannot payoff this loan by July 5th, can Chrysler legally refuse to accept any further monies after that date, and write off my truck, and refuse to send me the title?---
I have written to Chrysler about this, and am awaiting their reply, but wanted to get your opinion(s) also. I am not eligible for a loan extension/due date change.