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Ray
Ray, Lawyer
Category: Legal
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Experience:  30 years in civil, probate, real estate, elder law
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If I return a car back to a dealership because it cost more

Resolved Question:

If I return a car back to a dealership because it cost more to repair it than what the car is worth, will it show as a negative on my credit report. The car was/is in Houston, Tx.
Submitted: 6 years ago.
Category: Legal
Expert:  Ray replied 6 years ago.
Thanks for your question.Yes lender here will turn this to collections and sue for deficiency.They will seek judgment here for shortage including lawyer fees and costs.The judgment here will then be collectible by the lender.They may levy bank accounts and other collection matters.
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