What to do if I want to pay my car off in full but the creditor has added a repossession fee to the balance but my car was never repossessed?
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What to do if I want to pay my car off in full but the creditor has added a repossession fee to the balance but my car was never repossessed?
How can this be ethical, especially when I am ready to pay the full debt?
Asked on January 11, 2013 under Bankruptcy Law, Illinois
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If the lender has improperly added a repossession fee to the pay off of your car, I suggest that you contact a consumer law attorney and/or your state's department of insurance over the matter to see what legal recourse you have.
I would pay off what you believe is owed and make a written demand for the release of the lien as well as registered title. Keep a copy of the letter for future reference and need.
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