Drive Financial Services Repossesed car after payments were made making car current ripoff Roseland New jersey

I am an employee here and I am familiar with the names you posted onto your complaint. Normally Drive Financial makes the decision to repossess cars based on many factors. Unfortunately your vehicle was taken after payments were made. Here is the breakdown of this situatuion.

Once your account is out for repo you need to make a payment using certified funds ie. moneygram or western union. If your vehicle was picked up after you made payments you can speak to the redemption department to negtotiate terms to get the unit back.

We do understand how stressful the situation is but you must call in ready to talk business and negotiate a way to get your account back in good standing. The bottom line is that the account was in default and hopefully next time if you fall behind you keep in contact with your assigned account rep and set up arrangements you honestly know you can keep

You don't state how late you were.

Most creditors have a clause in their loan contracts that states something along the lines of "if you're late XX days, we may at our discretion, call the remaining balance due immediately.

You should carefully read your loan paperwork. If it states a specific time frame for the entire amount to be due, check to see if you exceeded it.

This "immediately due" clause is NORMAL and not a rip off. I've been financing my new auto/truck pruchases since 1974 and everyone one of my loans had such a clause.

Good luck.