Auto Loans auto finance company did breach of contract

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kimnm

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My finance company who i never missed or was late in a payment picked my car up from impound then when 30 day hold was up i was in process of western union to pay 1100 to get car out and was informed they sold it auction. I was paying the first day eligible to pick it up
 
My finance company who i never missed or was late in a payment picked my car up from impound then when 30 day hold was up i was in process of western union to pay 1100 to get car out and was informed they sold it auction. I was paying the first day eligible to pick it up

Sorry to hear that story, but stuff does happen.
The next thing is the lender will send you a letter telling you they sold the car at auction for say, $5,000, but you owed $10,000.
Bottom line, the lender now demands you pay the balance, in my example, $5,000.
All perfectly legal. OP.
You can read your loan contract and supporting documents for a more detailed explanation.
 
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