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| Debt Collection Debt collection statutes, state and federal law, etc. |
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#1 |
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I received a loan from my bank 18months ago for a sports bike.During this 18months i've been 1or2 days late a couple of times on my payment.Due to my company i can't set up direct deposit and i am often out of town working.I've just arrived back home and a tow truck shows up to repo my bike because i am 15 days late,i didn't give them the bike because it's in the shop getting a custom paint and chrome.Am i just out of luck and have to return my bike or is there something i can do?
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#2 |
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You could call the bank and ask to speak with the loan officer. But if payments are missed they normally do have the right. It does sound a little quick based on what you say here.
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