If the auto loan company goes out of business do I still owe them money, even if they can no longer provide me with routine maintenance?

Asked in Denver, CO · January 9, 2017
According to the loan they are supposed to provide routine maintenance for the life of the loan. Now they say they do not have a way to provide that service to me.

Advisor answers

If they financed the car in order to protect their investors, they'll likely transfer those collection rights to another agency. If you are paying a fee for routine maintenance, however, and they are unable to provide it, I'd suggest filing a complaint with the home office and/or the Better Business Bureau. If you don't receive the desired results, seek legal counsel. Good Luck!

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Whoever acquires the loan acquires the package.

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