Tuesday, October 27, 2009

Can a finance company because of circumstance agrees to repo a car with out seeking deficiencies, su

the credit report shows a charge off with o balance but new agencies are seaking additional funds



Can a finance company because of circumstance agrees to repo a car with out seeking deficiencies, sue later?

Do you have it in writing from the finance company that your debt as been absolved? If not, you may be in trouble.



Can a finance company because of circumstance agrees to repo a car with out seeking deficiencies, sue later?

yes. the lesson is to pay your obligations.



Can a finance company because of circumstance agrees to repo a car with out seeking deficiencies, sue later?

No. However they can sell the unpaid debt to unscrupulous debt-collection agencies who try to con you or pressure you into paying them the remaining money. Those new agencies should be ignored . If you acknowledge them or argue with them that is like starting a new debt and they can then make a %26quot;legit%26quot; claim to more money.

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