ANSWERS: 3
  • they can bill you for the remainder of what it sells for an yes they will be looking for you' bankrupty is a good idea,
  • They can put a lien on your home. They can't take your SUV if you have a loan out on it with another dealer. Bankruptcy is an answer. You could also call and see about payment options. The finance company I work for is always willing to work with people. The thing is you need to be able to make payments that will cover the interest and also chip away at the principle balance of the loan. If they have an attorney working your case-call the attorney and they will also set up payments. In some cases they will except any amount of payment. I receive payments for $5.00 and $10.00 per week. You could try to pay as little as possible at least until you figure something else out. Good luck.
  • The two people before you gave you sound advice. I advise that you get very specific and confidential help from a credible credit counselor. I would start with Dave Ramsey's suggestions: http://www.daveramsey.com/fpu/counseling/ Best wishes.

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