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Collections Law/Miscellaneous Finance Charges

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Expert: Michael Brotherton - 7/6/2007


Question
My son and I purchased a vehicle through GMAC and have a loan balance of $599 that I would like to pay off and obtain the title.  My son was overseas in the Army and the car was in storage for a few months.  I retrieved the car, made all payments and kept the car insured.  GMAC will not release the title to me even if I pay the loan balance until I also pay 1,100 in miscellaneous fees that I nor my ever authorized.  Can GMAC refuse to release the title if I pay only the loan balance?

Answer
They can probably retain the title until you pay the entire amount due. The question is whether their charges are legitimate. If they can substantiate them you will probably need to pay it. They must then return the title to your son at the address they have on record or wherever your son directs them.

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Michael Brotherton

Expertise

Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).

Experience

Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.

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