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Reply to "To Repo or Not? Hopefully Not...Just Praying...."
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[quote=Anonymous]I am in the middle of a messy divorce from my spouse of twenty-five years. He lives w/his new GF and has a car that is already paid for. I on the other hand have a vehicle we purchased together while we still lived together and are making payments on. We still have another three years left on our car payments. Both of our names are on the car loan, but since he is working and I am currently not (I care for our three young children), he is the breadwinner for all of our bills. Well he is being a jerk and when he gets his paychecks, he prefers to spend his money on his new GF vs. on his old responsibilities like his previous family. So he has overlooked our last 4 car payments. The dealership has been calling me and talking about repossessing my car for the past six weeks on and off and I explain to them the situation. The divorce, my children, etc. People are surprised that after 4 missed car payments no one has taken the car yet, myself included. Do you think the fact that I am going through a divorce and have three young children is having an impact on them not taking away my vehicle? Why would they care? Also, my soon-to-be-ex informed this weekend that our car insurance policy expired at midnight last night and since the bank is the lienholder on our financed car, we could get in hot water from the bank not having any insurance on our car. Will they find out on their own? Thank you in advance for any and all advice. [/quote]
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