Legal Question in Consumer Law in Georgia
I purchased a car in 2008 for $15000.00, totaling $25,195.00 with finance charge. After making payments totaling $10,374.00 ,missing two payments after a financial setback and a transmission that went bad in the vehicle, the lienholder did not want to work with me through my financial setback and let me keep the vehicle, thereby, repossessing the vehicle. The lienholder is now demanding a $10,000.00 payment, which I do not have. They have not given me the price that the vehicle was sold for. Realizing that I signed a contract with them, do I have any out in this situation?
1 Answer from Attorneys
You likely owe the money and can expect a garnishment of your wages and bank accounts in the future if the case progresses normally.
You may be able to erase or deal with the debt in bankruptcy court. See a bankruptcy lawyer ASAP to see if you qualify. Call me if you're in metro Atlanta.
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