Legal Question in Credit and Debt Law in Tennessee

repossesion and cost

my car was repossesed back in 1999, and I was told by the company that repossesed my vehicle that i would only be liable to pay for the difference of what they sold my car for. i only owed 5349.00 on the car I don't know what they sold it for but they are trying to charge me for the whole amount and I am sure they sold it for that if not more. It was a 94 eagle talon it great condition and they sold it shortly after repo. I just want to know if they can do this by law and what I can do to fight it. I just don't think that is fair because they are making double the amount the car was worth and they got their money and just want to get another 5 grand out of me. I dont mind paying the difference but i know the car sold for at least 4 grand. what can I do.


Asked on 10/21/06, 2:49 pm

1 Answer from Attorneys
Dr. Michael A. S. Guth Tennessee Attorney at Law Assists Pro Se (without a lawyer) Parties

Re: repossesion and cost

This sounds like a violation of the Truth in Lending Act. However, your facts are incomplete. I could prepare a claim for you to file against the financing company. Do you have $200 to pay for legal assistance?

http://michaelguth.com/prose.htm

Read more
Answered on 10/21/06, 4:15 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Tennessee