Legal Question in Business Law in California
car loan
10 years ago i took out a car loan in
which i never paid. the car was
wrecked and i never paid the balance.
Now 10 years later they put a hold
on my bank account and say i owe
$30,000 i realize i should pay them,
but i never recieved anything from
anyone (mail, phone call certified
mail) nothing at all. $30,00 is more
than twice as much of what i owe
them. Can you please tell me my
options?
4 Answers from Attorneys
Re: car loan
You have few options, since you're talking about a 10 year old debt and judgment. It's long past time you could challenge the judgment, if it was obtained timely and properly - way back then. Have the paperwork and file reviewed by counsel to see if there are any grounds to challenge the judgment for being improperly or untimely obtained. If not, then you're going to have to negotiate a 'deal' with the judgment creditor, or file bankruptcy if appropriate. Feel free to contact me if serious about doing so.
Re: car loan
Sir, I spoke to you last night, and you said you would email me, but as of today you have not provided me with any contact information. Please contact me without delay, because the law requires that you act immediately to attempt to set aside the renewal of judgment.
Re: car loan
It's also possible that your account is at the same bank which made the loan, and they have decided to offset the loan against your deposits without taking you to court or getting a judgment. If that's perhaps what's happening, your rights may be greater and you should mention this possibility of an offset to your lawyer if applicable.
Re: car loan
Apparently a court judgment was obtained without notice to you. If the judgment was obtained more than 4 years after your last payment was missed, and if you act IMMEDIATELY, there is an excellent chance you can beat this. Please contact me. The last person who came to me with this kind of problem failed to act in time,and now he is stuck with paying them forever. If you have a court case number this would be very helpful or if it is in the OC court system I would be glad to look it up for you.
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