Results 1 to 2 of 2

Hybrid View

  1. #1
    Join Date
    Mar 2007
    Posts
    1

    Default Vehicle Repo and Subsequent Debt Collection in Indiana

    We bought a new focus back in 2004, being absolutely ignorant, (and having ok credit) we believed the salesman that we had to purchase GAP insurance and an extended warranty in order to get the financing approved. The car payment was 455.00 and we paid on it for almost 2 years. Which is over 11000.00. In june of last year, They took the car as we could not afford it any longer. They sold the car for 8500.00 and did not tell us when and where the sale was held. Now, They are trying to collect 8600.00 more from us . At the time we bought the car, the price was just about 16000.00. after they added the extra insurance and warranty, it was just about 20000.00 for a ford focus.
    at 19% for 6 years. Is there anything We can do about this or are we just stuck with this exhorbitent debt? Thanks

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Vehicle repo and subsequent debt collection Indiana

    It probably is too late, your having waited three years after the original purchase and almost a year after the repo and auction. Consider consulting an area attorney who specializes in consumer law matters.

    1. Sponsored Links
       

Similar Threads

  1. Auto Insurance: Unauthorized Use of Vehicle With a Subsequent Accident
    By NeedAssistance555 in forum Insurance Law
    Replies: 1
    Last Post: 05-08-2011, 05:59 PM
  2. Repossession: Vehicle Repo in Indiana
    By mcguirefarm in forum Cars and Dealerships
    Replies: 1
    Last Post: 04-17-2011, 02:11 PM
  3. Repossession: Car Up for Repo Bank Serves a 3rd Party Not on Loan with a Judgement Debt Collection
    By fukchasebank in forum Cars and Dealerships
    Replies: 4
    Last Post: 02-03-2011, 08:58 PM
  4. Repossession: Debt Collection After Getting Vehicle Title
    By natedh in forum Cars and Dealerships
    Replies: 3
    Last Post: 06-24-2009, 04:26 AM
  5. Repossession: Car Repo and Debt Collection
    By DelCar in forum Cars and Dealerships
    Replies: 7
    Last Post: 11-01-2007, 12:09 PM
 
 
Sponsored Links

Legal Help, Information and Resources