jmoats Posted April 20, 2007 Report Share Posted April 20, 2007 Hi there. My husband and I are new to the site and have been finding so much helpful info, so thanks! The problem we are currently having involves Suzuki & HSBC. We got behind on our Suzuki payment, when I scheduled 2 payments to pay the account forward I noticed they never withdrew their funds. When I called they said that they cancelled the 2 payments and have sent the account to collections even though I still had 3 days before their alloted 40 days were up. Now HSBC has sent the account to a CA and they are refusing anything less than $464 per month for 2 years auto debit from my account. I can't really afford that, but I set it up to try and prevent a chargeoff. Also, the account was set up as a revolving credit account and the ATV titles were mailed to us. The CA says they will repo the atv's and we will still be liable for the $11,000 if we miss any payments. What are our rights and what other options do I have? Can they really repo the atv's when they mailed us the titles, signed over to us to register and title? Link to comment Share on other sites More sharing options...
Recovering Attorney Posted April 20, 2007 Report Share Posted April 20, 2007 Call your DMV and see if they have a lien on the ATVs. If not, they can't take them. If you are in a lien theory state, the title will not prevent a repo if there is a valid lien on the ATVs Link to comment Share on other sites More sharing options...
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