voluntary reposession of car
Date: Mon, 03/21/2011 - 05:41
Father could not afford second car after mother died. Turned car in and now Allied is calling harassing hin for balance. What can we do to stop harassment
Once you turn in the car, the car is sent to auction to be sold.
Once you turn in the car, the car is sent to auction to be sold. Your father is responsible for paying the difference between the balance of the loan and the selling price at auction. For example, if there was still $8000 left on the loan and the car only sold for $4000, he still owes $4000 to the bank.