My question involves a consumer law issue in the State of: NC
Several months ago i bought a used car at a dealership. My financial situation has dramatically changed and have not been able to even make the first payment which I am past due 42 days on right now. NC DMV sent me a clear title with no lienholders on it. I have tried to sell the car privately for the last month as well as through the dealership I bought it at. The offered me 18K kess than I owe on it and can not come up with that kind of money. What would happen if I sold the car using the clear title and used that money to make payments and then just paid the debt off in the regular payments for the next 4 years?