Legal Question in Credit and Debt Law in Arizona

auto loan default

If I default on an auto loan where the vehicle is the collateral for the loan and turn the vehicle over to the bank, am I still liable for the difference between the outstanding balance on the loan and the value of the vehicle at the time of the default?


Asked on 10/06/08, 7:37 pm

1 Answer from Attorneys
Brian Blum Blum Law Office, PLC

Re: auto loan default

Yes.

Read more
Answered on 10/09/08, 12:11 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Arizona