Legal Question in Credit and Debt Law in Texas
Can a bank continue to charge daily interest on an auto loan after the vehicle has been repossessed and sold at auction?
Asked on 5/14/13, 4:46 am
1 Answer from Attorneys
Donald McLeaish
McLeaish&Associates;, P.C.
yes for the difference between the sale price and what was owed...as repossession does not extinguish the debt
Answered on 5/14/13, 6:14 am
Related Questions & Answers
-
Can a car be repossessed when only one month is owed ? Asked 4/26/13, 3:10 pm in United States Texas Credit, Debt and Collections Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
