Legal Question in Credit and Debt Law in California

I had a car repossession in 2008. No payment has been settled or paid off. I continue to receive bill statements and the price of the repossessed vehicle is higher due to interest. Can the loan company charge interest after its been sold in auction?


Asked on 6/23/11, 3:11 pm

1 Answer from Attorneys
Asaph Abrams Law Office of Asaph Abrams

Its sale is designed to mitigate the deficiency, but like with any loan, interest may continue to accumulate.

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Answered on 6/23/11, 4:49 pm


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