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Question
I financed my vehicle with my credit union 2 yrs ago. back in March my credit union sent me my title with all signatures in the correct places. I even took the title in to Motor Vehicle to see if it was Valid and it was so i transferred it to my name. My question is, is that loan still valid and do they have the right to repo my vehicle if i fall behind on payments because they have already threatened me to do so and i am only 6 days behind on it.
Mark:
Yes, they still have the right of repossession under the terms of the contract if you've not paid the note in full. Some credit unions will hand over the title before the note is fully paid but, that doesn't mean they forgive or negate the rest of the balance owed.
Jason Barnette
Barnette Law Offices, LLC
http://www.barnettelawoffices.com
615-585-3885
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Answers by Expert:
Barnette Law Offices, LLC
Expertise
Barnette Law Offices, LLC can answer questions relating to credit reporting inaccuracies, debt collection abuse, and bankruptcy issues. No portion of any of our communications shall be construed to form an attorney-client relationship. We only represent residents of Tennessee.
Experience
Jason Barnette is a licensed attorney in the state of Tennessee admitted before the Tennessee Supreme Court. He is the founder of Barnette Law Offices, LLC in Nashville, Tennessee. Barnette Law Offices, LLC is one a the very few Tennessee law firms which handles cases arising under the Fair Credit Reporting Act, the Fair Debt Collection Practices Act and the Tennessee Consumer Protection Act.
Organizations
National Association of Consumer Attorney's (pending)
Education/Credentials
Appalachian School of Law - Juris Doctor
Licensed Attorney - Tenneessee Supreme Court
Past/Present Clients
J.P. Morgan Chase, Countrywide
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