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Hello, my chp 7 was just discharged in March and I also surrendered my car in the BK. And right now I am wondering when or if the bank is coming to pick up my car. Is this Collateral Service a place that makes arrangements to get the car for the lender any lender? My car loan belonged to Wells Fargo....
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Surrendering a Vehicle
I had agreed to surrender two vehicles out of my Chapter seven. I was under the assumption that I would be contacted by the lender to arrange this, but a repoman showed up at two A.M., and dragged the car out of my driveway. I made a call, and the second car was discretely picked up by Collateral...
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When will they pick up my car?
If you are surrendering a vehicle out of Chapter 7, and are worried about how and when the lender will show up and drag it away, you now have an option. Call 888-919-4274, and it will be taken care of immediately.
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