Legal Question in Credit and Debt Law in Texas

I traded in a car for a new vehicle. I made the loan in good faith, but now I just can't make the payments. They are too high. What are my options now? I am already 2 payments behind. My husband and I have both had medical problems and with those extra payments and cost of living we just can't get together that kind of money.


Asked on 11/29/12, 2:32 pm

1 Answer from Attorneys
Greg Wiley Law Office of Greg Wiley PLLC

You may end up having to give up the vehicle. You will owe a deficiency. If you have lots of medical debts and a potential repo; you may want to consider talking to a bankruptcy attorney.

Best of Luck

Greg Wiley

www.bankruptcy-plano.com

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Answered on 12/13/12, 10:08 am


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