Citifinancial collateral loan
Date: Mon, 11/01/2010 - 15:40
My boyfriend has a secured loan through citifinancial. he put his Dodge Neon up for collateral. He owes about 10K and he has been paying on it for about 2 years now. They are totally screwing him over with the high interest rate. (about 22 %). How can he get out of this loan? He is willing to give up the car. Would this clear his debt to Citi?
How much is the car worth? They will sell the car at auction an
How much is the car worth? They will sell the car at auction and if the proceeds are not enough to cover the loan, they will come after him for the deficiency balance.
If he had a problem with the rate why did the moron sign for it.
If he had a problem with the rate why did the moron sign for it. Idiot
