Legal Question in Credit and Debt Law in Virginia

i traded a 2008 honda civic in on dec 10 2011. the dealer has not payed the loan off. now the finance co wants to put a judgement against me. what are my options?

Asked on 1/23/12, 2:00 pm

1 Answer from Attorneys

Michael E. Hendrickson Attorney & Counsellor at Law
0 users found helpful
0 attorneys agreed

So, what does this dealer have to say about the matter? If nothing

satisfactory, then your option is to sue him (up to $5K

in small claims court and to $25K in regular general district court if the amount is higher than $5K ).

In the meantime, you'll have to make arrangements with the finance company

to pay on the loan to avoid having a judgment rendered against you.

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1/23/12, 2:11 pm

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