Edward leased a Mercedes-Benz, only to wake up two weeks later to a tow truck taking it away. It was the repo man. And when he comes, he doesn’t leave empty-handed. [More]
Mendel works for a not-for-profit organization that leases a few Toyotas, including the van that he drives. Somehow, there was a mixup where Toyota somehow failed to notice that the organization had made its monthly payments (if a bit late) and just went ahead and repossessed the van. So, just pay Toyota, pay the impound lot, and get the car back, right? If only it were that simple. [More]
At first, this woman thought her used car, financed through Wells Fargo, had been jacked from the front of her house. She reported the car as stolen and filed a claim. It was a bummer because she had been only two years away from paying off the five year loan. Then she got a call from Chase Auto Finance who said they had repo’d the car because the previous owner didn’t finish his payments. Whoops! Chase had taken the car without securing a lien on the title! [More]
Repossessing a car or mobile home is one thing, but a furnace? [More]
Watching this clip of a high-rolling lady who has to remove all her bags of designer clothing from her fancy Range Rover before it gets repossesed made my day. Schadenfreude so good. Even when I learned that Operation Repo is a faux reality show where they do re-enactments of real repossesion stories, it’s still all good, especially because of when the real reposesser says that if it weren’t for his kind, no one would be able to afford a car. Food for thought.
Repossessing cars is so old-fashioned. All that driving, locating people’s houses, towing the cars away… with the mess credit markets are currently in, who has time for that? Car lenders don’t.
At 3:45 on the morning of April 9th, Allyn awoke to find his Audi getting towed by a repo man. Thing is, Allyn didn’t owe anyone any money. Rather, his 1999 Audi A4 had the misfortune of being the same color as a 2001 Saab the tow truck driver was looking for. When he got his car back, it wouldn’t start and the bumper was loose. Thus began his series of misadventures in trying to get the towing company to pay for the damage ($5-$8k by dragging an all-wheel-drive car in park for 5 miles) they incurred.
Ryan was stressed. A lotta stuff’s been going down in his life and he needed to bust out of Cali to go to a new University. He considered just leaving the crap in his storage locker to rot but didn’t want the credit dings. So he called 1-800-GOT-JUNK. He just wanted some guys to take the junk out of his storage locker. He didn’t need the gangsta rap music or his pathetic student possessions being insulted by the homeslices, just the beginning of a miserable experience.