What are you liable for when your car gets repossessed?

Once the vehicle is auctioned off and sold there is usually a remaining balance left to pay. You will start recieving collection notices about the remaining balance. This is when you will want to prepare yourself to negotiate a settlement.

First answer by Yvetteace. Last edit by Yvetteace. Contributor trust: 54 [recommend contributor]. Question popularity: 2 [recommend question]