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car repo


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Posted by MrMustang (216.255.35.179) on October 06, 2002 at 17:36:49:

hey all im new here and have a question. I am a 21 year old male and have recently purchased a brand new Ford Ranger. I am in a situation now where I cant afford to pay my 440 a month car payment. I have really good credit and dont want to ruin my credit. My question is if I just turn it in will it ruin my credit and if so how long. I also have another loan on my classic mustang that I can afford to pay. Can the bank touch that car?? Can they touch my checking account?? I am from OH and do not know the laws. Thanx in advance


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