Unusual for Ford

Posted by JR (4.63.48.140) on July 05, 2003 at 00:38:03:

In Reply to: Reposession question posted by JustWannaPay on July 03, 2003 at 16:54:12:

First, Ford is usually very easy to work with. In fact, I believe that Ford has a policy of extending up to two payments a year - you were only two payments behind - they could have just given you an extension and you would have been current. I wonder why they didn't offer you that option, they should have.

Second, $3400 for a car you owed $11,000... on, were you really that "upside down" on the car? If not, I would suggest looking at your state laws regarding the sale of reppossessed property.

Third, they may try to get a judgment for the $11,000 unless they don't think they'll be able to collect on it. Having a job or property in your name gives them a reason to believe they can collect.

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