Legal Question in Credit and Debt Law in Georgia

The finance company repossessed my car last Friday. I called them on numerous occasions but have been unable to reach an agreement. The company wants me to pay $26,000 dollars to get my car back. What are my options?


Asked on 9/30/09, 7:15 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Generally, after a borrower breaches the contract and the lender repossesses, they sell the car at auction and the borrower gets a bill for the rest of the debt. The lender does not generally have to do anything else. Your "options" are probably based on what they are willing to do - not any legal issue.

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Answered on 10/05/09, 7:24 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Your main option likely is bankruptcy to keep them from collecting from you (if you are eligible for same), so your best bet is to stop talking to the creditor (a very bad idea) and see a lawyer to weigh your legal options.

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Answered on 10/05/09, 10:03 pm


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