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by stevet on September 30th, 2006

stevet

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Do finance companies always take you to court for balanced owed after repossession and auction of the car?

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Answers. 3 helpful answers below.

  • by bugmann on October 1st, 2006

    bugmann

    Not always because it depends on what the balance is after the auction of the car, the higher the balance the more likely they are to come and get it.

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  • by Anonymous on September 30th, 2006

    Anonymous

    Some do, some do not. read your contract. if the situation, you stated, is in your signed contract, finance companies will do whatever is necessary to collect any owed balances, even after repossession.

    What they collect, is probably used for their annual Christmas party.

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  • by Bobby Dias on September 30th, 2006

    Bobby Dias

    Not always- there may not be enough owed to be worth the expense of going to court- but do not be surprised if the do anyway.

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