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I have a car that was recently repossesed for "failure to make regular payments" even though I was making the payments by autodraft. I was told by a company rep that the first months payment was late as it was due the day of the purchase and that caused an overdraft fee that was never paid and because the first payment was "missed" I was late on the car for 33 out of 33 months and that this would be reported on my credit report as well. I was also told that I could redeem the car but they would leave the repossesion on my credit and the only option for me was to pay for the car in full plus $1,500 in fees. They only repossesed the car after the payments brought the value above the resale price. I have asked to speak to a manager as the company is a fairly large one but they said they are under no obligation to speak to me and I have 10 days to pay in full or forfit the car.

My two main questions are

1) What are the legal rules on this subject (I live in Texas)? And who do i voice a complaint to?

2) What is my best option if I recently recieved an inheritance that can cover the cost of the car but the company stated admantly that they will not show anything but a repossession on my credt?

Thank you!
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