HSBC AUTO LOAN

Date: Wed, 03/04/2009 - 12:37

Submitted by anonymous
on Wed, 03/04/2009 - 12:37

Posts: 202330 Credits: [Donate]

Total Replies: 3

what will happen if I return the car and default on the loan?

The auto will be sold at auction and the proceeds will be deduct

The auto will be sold at auction and the proceeds will be deducted from the amount that you owe. You will be liable for the deficiency balance if one remains.

lrhall41

Submitted by NASCAR_Devil on Thu, 03/12/2009 - 08:36

( Posts: 4671 | Credits: )

Yes, if there is still any deficiency in the amount, you need to

Yes, if there is still any deficiency in the amount, you need to pay it off to the creditor. If you do not pay it off, the creditor can sue you to the court and bring judgment against you to recover the outstanding debt.

lrhall41

Submitted by jstn.credit on Fri, 03/13/2009 - 01:51

( Posts: 139 | Credits: )

cant pay the auto loan

can I tell the lender if I could sell the car the the difference I will pay them later like monthly

lrhall41

Submitted by on Tue, 07/07/2009 - 12:58

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