When you purchased your vehicle, you probably had financing to pay for it and agreed to make monthly payments for a predetermined amount of time. This is an example of a secured, non-revolving debt. If you fail to make your car payments or default on your auto loan, the lender may repossess the car. However, even though your car has been repossessed, you are still responsible for the balance on your loan.
Deficiency
Debt Buyers
Credit for Resale
Statute of Limitations
Verification - Not in Agreement
Verification - in Agreement
Before Trial
Before Trial (cont'd)
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