Legal Question in Credit and Debt Law in Indiana

Car Reposession

If the repoed car is sold for less than the loan do you legally have to pay the remaining balance? If you do pay the remaining balance does it help your credit rating?


Asked on 1/22/09, 2:50 pm

1 Answer from Attorneys
Samuel Hasler Samuel Hasler

Re: Car Reposession

Yes, you still owe the amount due. I have no idea what paying it off will do for your credit rating.

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Answered on 1/23/09, 10:56 am


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