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by nick on December 30th, 2007

nick

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I have a big loan for my 2006 crossfire which i just can't afford anymore. I want to get rid of it. I owe more than what it is worth with all the interest and fees so i can't sell it. what legal action will be taken against me.

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  • by mseve68 on December 30th, 2007

    mseve68

    If you don't continue to make the payments, the lender will reposess the car and sue you in small claims court. If the court finds in their favor, the lender will have a judgement against you for the remaining amount on the loan. They will then proceed to garnish your wages and, if possible, put a "freeze" on your bank accounts.

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