Legal Question in Consumer Law in Texas
car repossion
can a car be repossed if the creditor has charged it off on the credit report?
Asked on 8/26/07, 9:50 am
1 Answer from Attorneys
Sharon Campbell
Sharon K. Campbell
Re: car repossion
Yes. Charge-off is merely an internal accounting mechanism which the law requires creditors to do. It has nothing to do with whether or not you owe the debt.
Answered on 8/26/07, 6:21 pm
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