Q. What happens if I stop making my car payments? A. If you don’t make the payments, the lender will repossess the vehicle. It will then be sold at auction and you will be responsible for the “deficiency balance” – difference between what you owe and the auction sales price. Losing your car to a [...]
Entries Tagged as 'car repossession'
What Happens if I Stop Making Payments on My Auto Loan?
May 14th, 2010 · No Comments · Auto Loans
Tags: Auto Loans·Car Loans·car repossession·collections·Credit Score·debt settled·deficiency balances·Short Sale
How to Tell Your Significant Other About Your Financial Trouble
March 19th, 2009 · 2 Comments · Your Money
In this very challenging economic time, I’ve had many of my inner circle of friends pull me aside quietly and ask my advice about some pretty tough problems. Recently, a good friend came to me claiming to be deep in credit card debt. Bless his heart, he was the most concerned about how he would [...]
Tags: Bankruptcy·car repossession·communication·debt·financial trouble·forgiveness·lies·love·money troubles·relationships
