Legal Question in Credit and Debt Law in Indiana

Over a year ago I purchased a car from a relitive. No paperwork or contract was signed. I paid 3000 and the title was completely put in my name with no lean on it saying that it was paid full and clear. However, I orally agreed to pay a total of 8,000 over the next 3 years.I made several payments on time over the next several months, but due to a loss of a job I was unable to continue.long story short the relative is threatening to take the car away if I can't start paying soon.Is their anything I can do to at least postpone the repo until I can continue paying again, or stop it completely? Or can the relative take it back with out any hesitation?


Asked on 4/22/14, 3:34 pm

1 Answer from Attorneys
Kenneth Wilk Rubino Ruman Crosmer & Polen

The seller is entitled to sue you for the balance owed. Then, he can enforce the judgment by attaching or garnishing the house and requesting that it be put up for sale in order to satisfy the amount owed to him. Your only recourse is to bring your payments up to date, plus whatever interest and cost are owing.

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Answered on 4/23/14, 11:36 am


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