Legal Question in Credit and Debt Law in Florida

when i lost my job last year, i was behind in car payments, and car was repoed, and auctioned off. I recently received a statement from a collection agency saying I owed $7,700. Am I responsible for this?


Asked on 9/29/15, 8:28 am

1 Answer from Attorneys
Barry Kaufman The Law Office of Barry W. Kaufman

Without any other facts, the answer is yes, assuming the amount is correct. The lender deducted the amount of the sale to your balance, added the costs of repossession and sale, and you are responsible for the remainder, or the deficiency, of your auto loan.

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Answered on 9/29/15, 10:31 am


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