So how do you get out of paying on a repossed car that was sold to someone else, and you can't afford to keep paying the creditor?
2007-08-18 13:18:00 · 3 answers · asked by m 3 in Cars & Transportation ➔ Buying & Selling
You owe the money! You have to pay!
The only option you may have is bankruptcy, which will show on your credit for 10 years after discharge! This means you will have to pay higher rates for any loan, if you can even get them.
Your best choice is to increase your income, (perhaps a part time job in addition to your full time one) and decrease your other expenses (get rid of cable TV, your Internet, your cell phone) until you can pay your debt off!
This is not what you want to hear, but it is the truth!!
2007-08-18 13:33:02 · answer #1 · answered by fire4511 7 · 1⤊ 0⤋
i'm uncertain no count if that's a legal or no longer, yet definite you the two are to blame for the motor vehicle. you will face the comparable punishment and credit disaster that he will. Lend you funds greater heavily next time and take this as a lesson discovered the stressful way.
2016-12-15 19:04:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You don't "get out of paying" the money. You owe a debt, you pay the debt.
2007-08-18 18:55:12 · answer #3 · answered by Anonymous · 2⤊ 0⤋