voluntary repo judgement

Posted by confused (64.12.116.84) on May 20, 2004 at 18:17:42:

OK, IN MARCH 03, I LET A CAR GO BACK, JUST EXPECTING TO HAVE A CHARGE OFF ON MY CREDIT. WELL AFTER THEY SOLD IT AND SENT ME THE LETTER STATING THE BALANCE OWED, I THOUGHT THAT AMOUNT WOULD BE REPORTED ON MY CREDIT. THEY HAVE NOW SUED ME FOR THE BALANCE OF ABOUT 6,800 AND 2,200 ATTY FEES. THE PAPERS SAY IT WILL BE THE 6,800 PLUS 5% INTEREST, AND THE 2,200 PLUS 12.25% INTEREST UNTIL PAID. ON BOTH AMOUNTS. CAN THEY REALLY REPORT THE JUDGEMENT FOREVER LIKE THAT WITH ALL THAT INTEREST ADDING UP UNTIL PAID? DOES IT EVER STOP? ANY INFO WILL BE APPRECIATED!!

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