2007-10-31 06:50:10 · 3 answers · asked by deannej21 2 in Business & Finance ➔ Personal Finance
Stop buying things on credit if you can't pay them. If your car was repossessed, you are not going to get it back unless you can make payments. At this point, you will either need to declare bankruptcy, or make money to make payments on things until your credit starts to improve again.
2007-10-31 07:02:36 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Other than immediately come up with the money to become current on the loan, there is not much you can do at this point. I would at least call the financier and ask how much this is.
The problem is that if you do not become current, the bank will recondition and sell the car at auction. You are then held responsible for the difference between the loan balance and the sale price. They can take this to court and file a judgment for this. I'd do whatever you can to settle up with them before this happens.
2007-10-31 14:01:27 · answer #2 · answered by Jay P 7 · 1⤊ 0⤋
www.creditinfocenter.com
I had a finance company re-po my car, I hired a contract
lawyer, who discovered the finance company couldn't
provide my full payment history and couldn't prove I
was three months behind in payments (I'm in PA)
guess who got the car back and sued the Finance
Company and don't owe them a dime.
2007-10-31 14:18:53 · answer #3 · answered by Anonymous · 1⤊ 1⤋