How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Daniel Solutions Your Own Question
Daniel Solutions
Daniel Solutions, Lawyer (JD)
Category: Legal
Satisfied Customers: 9934
Experience:  Practing General Attorney,
Type Your Legal Question Here...
Daniel Solutions is online now
A new question is answered every 9 seconds

if a vehicle is reposessed do i have to pay what they dont get from auctio

Customer Question

No Comment Added
Submitted: 8 years ago.
Category: Legal
Expert:  Daniel Solutions replied 8 years ago.
Unfortunately yes you woud have to pay the difference between the balance of the loan and what they received from reselling the vehicle. Perhaps they will accept payments if you don't have the full amount. Another option is to consider filing bankruptcy but you should meet with a bankruptcy attorney before actually filing so you're aware of how it will affect you and your credit.