Maryland | Technology Law
3/14/11, 5:24 pm
Legal Question
hello i cosinged for a car in 1997, the car'sengine blew up within 5 days, it was supposed to be fixed and returned but the dealership went out of business, i just recieved a letter today stating that i owe $16,000 the orginal price was only $7000 before i paid a $1100 down payment. The collections agency says that it was a forfiture of the auto can i still be made to pay this money after 11 years? Can it affect my credit? please help thanks
sincerly,
Kent
Share This On:
Legal Answer
|
Read More Answered By: Lawrence Holzman |
|
|
