Posted on: 17th Nov, 2010 11:04 am
my rv was repo 1 year ago and sold for 35,000 the creditor wants the difference of 77,000 i lost my job 18 months age want action can be take by the creditot
Hi chuckee!
Welcome to forums!
The creditor has the rights to contact you for the deficient balance. If you don't pay off the dues, the creditor can file a lawsuit against you and garnish your savings or checking account. In my opinion, you should contact your creditor and inform him about your situation. May be he will forgive the dues.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The creditor has the rights to contact you for the deficient balance. If you don't pay off the dues, the creditor can file a lawsuit against you and garnish your savings or checking account. In my opinion, you should contact your creditor and inform him about your situation. May be he will forgive the dues.
Feel free to ask if you've further queries.
Sussane