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I have talked to the bank and am waiting for the letter I should be receiving from them regarding everything I owe. They have lied to me over the phone and now I want everything in writing.
If I have case against my mother, then yes I will sue, but I do not want to start something if I have no chance.
I know that I am about $500 behind in payments which is the reason for the repossession, plus the repossession cost, and the total amount for the rest of the car. I do not know the exact number yet, I am waiting to see the itemized list the bank is suppose to give me. The have put the car on hold at the moment, so they are selling it yet (crossing fingers).
My mother had full possession of the car for 6 months to a year, she was making all the payments as of December (I did a credit check to see my status). I was concerned that she was going to falter on the payments because she lost her job, so I took it. My plan was to sell it and buy something just for me with no ties to her.
If I were to win the lawsuit, she doesn't have much, so no I don't think I would be able to collect on any of her assets.
So it doesn't look good, does it?
I don't want to get out of the financing agreement, I just want the back payment and repossession charges to be taken care of, and I will take care of the rest. I don't want this one incident to ruin my credit.
And, when I signed the contract she agreed that she would take care of the payments and when I took it over I didn't know she was behind in the payments, I was just not feeling good about the situation anymore. And my instincts were correct.
What needed to happen in order to sue my mother for damages? Just so I am clear.
Thank you so much for your help. I am trying to talk to the bank, but they are bullies and are taking advantage of my naivety.
For now anything that has to do with my mother (or any family member) will be in writing.
Live and learn :)
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