Legal Question in Banking Law in Georgia
loans
I took out aloan for a car when i was seventeen this was in 1993. i defaulted on the payments. then the car caught on fire and insurance was settled and then we gave the car back to the bank and they returned it to us it was charged of in may of 1999. now it is 2005 and the have sent us a letter telling us they are taking us to court. would you please tell me what my legal rights are and what i need to do about this.
thanks.
Asked on 10/25/05, 1:49 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: loans
How much are they claiming? I need to review the loan docs to see if they can pursue a deficiency judgment (balance after collateral value was paid by ins.)
Call or e-mail for more assistance./
Answered on 10/25/05, 3:46 pm
Related Questions & Answers
-
Is it legal for my bank to take funds from an unrelated checking account. About a... Asked 10/06/05, 11:01 pm in United States Georgia Banking Law
-
Car titles can a person borrow money on a vehicle through a bank and put the title... Asked 6/04/05, 9:24 am in United States Georgia Banking Law
-
Bank will not honor POA I have a Durable POA from my husband to act on his behalf.... Asked 9/22/04, 12:27 pm in United States Georgia Banking Law
-
Car loan with a co-signer If you have a car loan with a co-signer and your name is... Asked 3/06/04, 12:11 am in United States Georgia Banking Law
-
Jurisdiction I wish to bring suit against a bank. The bank is headquartered in North... Asked 12/20/01, 11:18 am in United States Georgia Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
