Legal Question in Credit and Debt Law in Georgia

vehicel repossession

original loan was set for 129.40 at 60months, always payed over that usually at 300.00 loan established in 11-2003,date current at 4-2007, hvent been able to make payment for about 5 months, set for repossession now, can i stop this due to history of past paying more than repuested, payoff now at 2,500.


Asked on 4/10/07, 1:53 pm

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: vehicel repossession

We do not have your loan documents to see where excess payments are credited. They often just reduce the principal and will not relieve you of responsibility of making future payments. That is something to understand from the beginning. Read your documents.

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Answered on 4/10/07, 2:38 pm


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