Legal Question in Credit and Debt Law in New Jersey

Am I in the wrong

This is my question. My husband and I have a repo on our credit report from 2003, which we owed $11,000 on. We were making monthly payments until we decided to refinance and consolidate all of our debt, including the auto repo. The mortgage company ran our credit report and the repo balance came up in the amount of $0.00 due. We had them double check and it came up the same way. As this being the first time that we have done this, we assumed it to be okay, due to everything else to be on the money. This was in June of this year. We get a letter that was sent to his father in PA and not to our house, which we have been living in for the past 6 years. This past week that they are suing us and will garnish my husband's wages for the remaining amount due to them. If we do not pay them before the year end. I called them and told them what happen and they are not willing to work with us. They told us they will take $3000 off the amount due, which would be $5000.00 if we pay this amount in full. Please let me know if I have any rights to request a monthly statement.


Asked on 12/13/05, 3:56 pm

1 Answer from Attorneys
Robert Davies The Davies Law Firm, P.A.

Re: Am I in the wrong

Your situation is not unusual. You need to sit down with an attorney and go over your specific situation. There is no general advice that will be useful to you. I suggest you contact me.

What I have stated here is only general information and not legal advice that you should rely on. You can not rely on the advice of an attorney given over the internet. Also, the exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.

If you are in northern New Jersey, please contact me. my address is below, and you can look me up in the telephone book. This website does not allow me to give my telephone number to you.

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Answered on 12/14/05, 1:14 pm


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