If i owe from a repo car over 27,000 can I send payment amounts lower than what they want. If so can they refuse my payments
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Read More Answered By: Adam Tracy |
Thank you for your question. You find yourself in what I would describe as "no man's land". Since they have repossessed the car, you are no liable for the deficiency amount. Have they taken you to court to get a judgment yet? If not, you are liable for the full amount at any given time; whatever monthly payment they state that they are willing to accept is largely aspirational - that is, they can sue you for the entire amount at anytime. So, yes, technically you can send them whatever you want. Have you considered working out a settlement with them? Alternately, have you considered a bankruptcy? Please feel free to email me directly with any further questions you may have: at@tracyfirm.com |
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