Legal Question in Credit and Debt Law in Texas
Auto Loan Defualt
What happens if we turn our Tahoe back over to the fianace company and still owe a significant amount over blue book? We are not behind on the loan, but can longer afford the payments. How long will our credit suffer?
Asked on 11/16/06, 1:04 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Auto Loan Defualt
You will be responsible for the unpaid balance, and that will be on your credit report for seven years.
Answered on 11/20/06, 1:09 pm
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