car repoed bank refuses to work with me

[gonzales78biz]

my car was repoed on monday my father purchased the vehicle for me because of my credit. I was in charge of payments an agreement between my dad and I. I became ill missing work missing out on bonuses and my finances took a dive. I continued to work and had plans to get caught up. I was under 60 days behind my car was repoed. My dad went to the credit union explained what was going on and he was told I had 10 days to refi, or pay the balance. If I come up with the delinquint balance does the Credit Union have to give my vehicle back. I have a payment do on the 20th of this month. I cant lose my car. I cant let this ruin my dads credit. My financial situation is on the up and I will be able to move forward and pay as agreed please help me I am lost, I am so upset and I just want to make this right. I feel something is not right with this situation. Along with other events that happend before this one makes me feel the credit union is trying to hide something they did wrong or just take my car which is the only one of its kind in Arizona please help me

 

[Michael Wechsler]

I don't think the credit union is trying to hide something. I think that, like everyone else, they are all worried that you're not going to be able to pay so they might as well get something while they can. You were 60 days behind payments and they didn't care to wait even longer. Unfortunately it seems you've got your options and you'd best do something quickly. Just paying up the balance that was owed over 60 days ago doesn't make you square. They've claimed you defaulted on the loan and now the penalty phase has kicked in, which includes the cost of the repossession. I wish you the best of luck with this but you must learn how to be responsible financially.