Legal Question in Credit and Debt Law in Louisiana
I have a car I cannot afford. I want to let it go back. What do I need to do?
Asked on 8/23/10, 7:54 am
1 Answer from Attorneys
Martha Amanda Mandi Lucas
Mandie Seale Lucas
You should first check with the lender to see if there is a way you can arrange to let it go back without defaulting. If not, it would be best to sell it and pay back the loan. It will damage your credit, appearing as a default.
Answered on 8/28/10, 8:15 am