Legal Question in Credit and Debt Law in California

my car has been repossessed, if the finance co, does not get full amt old after they auction it, am i required to pay the difference?


Asked on 10/18/11, 4:42 pm

1 Answer from Attorneys
Asaph Abrams Law Office of Asaph Abrams

The "deficiency" you refer to is a collectable debt that lenders do pursue.

This answer (as well as our Web site) doesn�t address all facts & implications of the question; it�s general info, not legal advice to be relied upon; it creates no attorney-client relationship; it may be pertinent to CA only; it�s independent of other answers. Hire legal counsel before acting or refraining from bankruptcy/legal action. www.BankonitSD.com

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Answered on 10/18/11, 4:48 pm


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