Legal Question in Consumer Law in Texas

car repossion

can a car be repossed if the creditor has charged it off on the credit report?


Asked on 8/26/07, 9:50 am

1 Answer from Attorneys

Sharon Campbell Sharon K. Campbell

Re: car repossion

Yes. Charge-off is merely an internal accounting mechanism which the law requires creditors to do. It has nothing to do with whether or not you owe the debt.

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Answered on 8/26/07, 6:21 pm


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