Texas law does not require a finance company or bank to notify a consumer that their payment is late, that it is eligible for repossession or scheduled for repossession. Under most motor vehicle installment sales agreements, if your payment is one day late, the secured party may repossess your vehicle. Many people think there is
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Consumer Myth #3 – A financing company or bank must give advance notice of intent to repossess.
Written by , May 28, 2014 , Uncategorized
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