Legal Question in Credit and Debt Law in Georgia

Loan in default

If a lender gives a loan with a vehicle as loan collateral, can the lender file civil suit for a loan in default, or is the lenders recourse limited to repossession of the vehicle?


Asked on 8/14/08, 12:32 pm

2 Answers from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Loan in default

They can do either or both.

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Answered on 8/14/08, 1:49 pm
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Loan in default

Read your documents.

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Answered on 8/14/08, 2:15 pm


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