tripled the amount, is this legal and do you know if through a debt consolidation program if they will help to remove it
2007-08-18 03:54:11 · 4 answers · asked by sheretha g 1 in Business & Finance ➔ Credit
A debt consolidation program won't help you with a lein on your house.
So you returned your car. The loan company sold it at auction and you were left with a big balance which you didn't bother to pay. They sued you. Did you show up in court? If not, they got a default judgment against you. They then put a lien on your house. The amount tripled because interest and late fees didn't stop and you get to pay all the legal costs.
The ONLY way to remove the lien is to pay it in full. It can stay there till you try to refinance or sell your house. At that time, the lien will be paid.
And the best part of all this is that not only is your credit taking the hit for the repo but it gets another hit for the judgment and lien.
2007-08-18 04:17:52 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
I know a company that may be able to help you negotiate a settlement for 1/2 off or more. Check out their free evaluation form.
2007-08-18 22:22:39 · answer #2 · answered by Anonymous · 0⤊ 1⤋
What can I say? The first poster said it all.
Your screwed.
2007-08-18 12:02:40 · answer #3 · answered by ? 7 · 0⤊ 0⤋
I would pay it off very quickly as they can repossess your house next.
2007-08-20 08:56:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋