Legal Question in Banking Law in New Hampshire
vehicle payment
My son purchased a motorcycle a few years back and I co-signed. He lost his job and the bike was stolen. He's not made a payment in months. The bank contacted me and I told them I have no problem paying for the bike, but I can only afford $25 to $50 a month. They are threatening to take $100 payment from my wages. Can they do this even though I've verbally offered a dozen times to make payments, but at my comfort level? They've not sent me any information for repayment process per my request during the phone conversations.
Asked on 3/10/09, 1:39 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: vehicle payment
What happened to the insurance money?
They will need to get a judgment to enforce garnishment.
Call or email if you wish rep.
Answered on 3/10/09, 2:11 pm
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