WCEB120432
Junior Member
What is the name of your state (only U.S. law)? Ohio
I had a loan through a bank in Ohio, I ended up losing my job, and gave the loan up for voluntary repossession. I was told, before hand that I would be charged after auction for the remaining balance of the loan, which they could re-work into a personal loan to help my credit, so I agreed, handed them the keys and that was that. Three months later, the car is still not up for auction, I have yet to receive any paperwork regarding it, but worse, they have been reporting delinquent payments for the past three months even though I gave it up before the first months missed payment. They are now telling me that I'm responsible for paying on it until it goes to auction, even though nowhere in my loan documents it says that I may be or will be required to do so. I need to know the legality of this practice, because frankly it makes no sense to be required to make a payment on a vehicle I no longer possess, unless I know what left I owe on it. And aside from that, if I was able to make the payments in the first place, I wouldn't have had it repoed. Any replies would be grateful.
I had a loan through a bank in Ohio, I ended up losing my job, and gave the loan up for voluntary repossession. I was told, before hand that I would be charged after auction for the remaining balance of the loan, which they could re-work into a personal loan to help my credit, so I agreed, handed them the keys and that was that. Three months later, the car is still not up for auction, I have yet to receive any paperwork regarding it, but worse, they have been reporting delinquent payments for the past three months even though I gave it up before the first months missed payment. They are now telling me that I'm responsible for paying on it until it goes to auction, even though nowhere in my loan documents it says that I may be or will be required to do so. I need to know the legality of this practice, because frankly it makes no sense to be required to make a payment on a vehicle I no longer possess, unless I know what left I owe on it. And aside from that, if I was able to make the payments in the first place, I wouldn't have had it repoed. Any replies would be grateful.