Wednesday, May 26, 2010

Lost my job, unemployment pays utilities, what happens on voluntary return of auto & deficency o

ask someone frm govt



Lost my job, unemployment pays utilities, what happens on voluntary return of auto %26amp; deficency of loan?

You will still have the bad credit on your report.



Lost my job, unemployment pays utilities, what happens on voluntary return of auto %26amp; deficency of loan?

If your thinking of %26quot;voluntary return%26quot; it still comes back as repossessed. I did that. And then they sold it at auction and I had to pay the difference of what was paid at auction and what was owed which was 6,000!! One suggestion is to talk to your lender, explain that while you cannot make payments, you are trying to find a buyer. They may give you extention for month or so. If there is a reputable used car dealership around they may be able to help you find someone to buy it. Avoid %26quot;voluntary%26quot; unless absolutely necessary. Good luck.Been there .



Lost my job, unemployment pays utilities, what happens on voluntary return of auto %26amp; deficency of loan?

well the car will be sold and your Will be liable for difference!!!!

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