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 Hendrickson Law Office Michael E. Hendrickson

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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Answered on 1/23/12, 2:11 pm

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