haven retained lawyer yet...

[okiemom2008]

We are not retaining the lawyer until next Friday and trying to file in January. We are 2 months late on mortgage one(we do not live in it) 2 months behind on the land it sits on and now 2 months behind on our only vehicle. They are all calling constantly like every 20 minutes even though I tell them I cannot pay. They tell me it is automated to call me all day long until I make atleast a interest payment(like 400 bucks)

What do I do? I am scared they are going to come take this vehicle and we cannot get to work. We are trying to dave our paychecks to save up for a old truck

[Flamingo]

Once you miss the first payment, you are in breach of contract as to the vehicle and you will start getting the phone calls and also notices in the mail. When the second payment is missed, you are ripe for repossession. They really could come at any time to get it so what you need to do is ensure you get all your personal items out of it just in case. Repo places are doing a booming business and have hired extra help so they are not running behind. As soon as they get the notice from the bank holding the loan they move quickly. You can try to garage it or block it in somewhere but even that doesn't work as they will come to your door with the paperwork.

[okiemom2008]

Once you miss the first payment, you are in breach of contract as to the vehicle and you will start getting the phone calls and also notices in the mail. When the second payment is missed, you are ripe for repossession. They really could come at any time to get it so what you need to do is ensure you get all your personal items out of it just in case. Repo places are doing a booming business and have hired extra help so they are not running behind. As soon as they get the notice from the bank holding the loan they move quickly. You can try to garage it or block it in somewhere but even that doesn't work as they will come to your door with the paperwork.

so do i need to come up with the money. now we would have to pay atleast 900 for them to not repo it. I just wanted to know if a repo, foreclosure and bankruptcy will hurt us later more than just a bankruptcy