debt collector authority
Date: Fri, 07/02/2010 - 11:45
can a debt collection agency take my collateral and still have me pay the balance, if any is left over?
What type of debt are you talking about? A car? If there is a
What type of debt are you talking about? A car?
If there is a balance remaining after your collateral is sold at aucton, then yes, they may pursue you for a defincency balance.
Yes, if the collateral sell off cannot satisfy the debt amount,
Yes, if the collateral sell off cannot satisfy the debt amount, the collection agency can ask you to pay off the remaining balance. If you fail to pay off the dues, the collection agency can file a lawsuit against you.
