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If your car gets repossessed do you still owe the debt?
Old 07-02-2009, 07:10 PM   #1 (permalink)
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If your car gets repossessed do you still owe the debt?

i don't need any opinions just facts. some people are under the impression that if your car gets repoed that you are relieved of debt and others say that you still owe the rest of the loan and they will take your paychecks if you dont pay for it. but can they make you pay for something that you're not even going to own anymore? although i do understand that it is a legal contract... so what's the deal here?
 
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