Re: What happens when a car loan has been charged off

Posted by airics (64.12.96.78) on November 15, 2003 at 15:31:06:

In Reply to: What happens when a car loan has been charged off posted by Shell on November 15, 2003 at 12:48:40:

yes they will repossess.. once they do, they are required to send you a letter with the sale date etc... if they don't they cannot go after the deficiency which 99% of the time will be huge... who was the lender, what kind of car, miles etc.. and how much do you owe

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