Legal Question in Credit and Debt Law in Florida

what are the consequences of stopping payments on RV. we are on SS and pension and own our mobile home and land.


Asked on 1/25/16, 7:07 am

1 Answer from Attorneys
Barry Kaufman The Law Office of Barry W. Kaufman

Expect the bank to repossess the RV. Expect to be sued for the difference between what you owe on the loan and what the lender sells the RV for. Assuming the lender obtains judgement against you, the judgement will reflect on your credit history.

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Answered on 1/25/16, 7:21 am


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