Legal Question in Credit and Debt Law in Pennsylvania

Re: Repossesion

In Pennsylvania, once a judgment is obtained, the creditor can garnish bank accounts (including stock brokerage accounts)or sell personal and/or real property to satisfy a debt.

My guess would be that since the car has already been repossessed, a negative credit history has probably already been reported to credit reporting agencies.

It's likely that this information has been entered on both your credit history and your dad's credit profile.

If you are in a position to fully satisfy the debt or even partially, you might attempt to enter into some agreement whereby you would make payments providing they remove negative information placed on your dad's report. This doesn't always work, but it's certainly work a try.

Negative credit information remains on a credit history for a period of seven (7) years.

Good luck!

Terry P. Dershaw, Esq.

Philadelphia Lawyer

http://www.phillylawyer.com