Legal Question in Credit and Debt Law in Texas

default on loan

took out a loan and gave car title as a lien. THen had a wreck and car was repaired but not paid for. The repair shop has the car and won't let it go without payment. Can't pay. The loan company wants the money or car but don't have either (car still in repair shop). Repair shop plans to auction off car. Where do I stand legally with regard to the original loan?


Asked on 3/19/07, 5:12 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: default on loan

You are on the hook for the unpaid balance of the loan.

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Answered on 3/19/07, 6:23 pm


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