Legal Question in Credit and Debt Law in Louisiana

What do I do after my vehicle has been repossed? Am I responsible for paying the difference in the balance and the sale price of the vehicle?


Asked on 1/17/12, 11:42 am

2 Answer from Attorneys
Martha Amanda Mandi Lucas Mandie Seale Lucas

The creditor has that option. It is always best to negotiate a return of collateral along with an agreement to waive further reimbursement.

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Answered on 1/23/12, 9:05 am


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