Gmac
Truck repossessed while making payments and judge ruled against lender

I had a truck financed with GMAC and it was at the dealer for weeks with a bad transmission. GMAC had agreed to a substitution of collateral, but the selling dealer refused. The truck was repossessed while I was making payments.

We went to court and the judge ruled that by repossessing the truck while I was making payments they forfeited there right to any restitution. Almost a year had passed and I had bought another truck. When this one is paid off I have been advised to take them to arbitration.

The arbitrator is going to require GMAC to put me in another vehicle. Has this happened to anyone else?

Company: Gmac
Country: USA
State: Kentucky
City: Louisville
Phone: 8889252559
Site: ally.com

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