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Leased car repossession

Fri Jun 20, 2008 04:06PM | By Tony

See more in Credit Repair | Permalink | Email | Comments (0)

Q: Can a leased car agreement reported as repossession if I am three payments behind? I was told to bring its current immediately, other wise they are taking the car away and report it repossessed.

A: Contract is a contract, either you signed on a purchase or a lease, if you default on either loan, it sounds like a ground for repossession.

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