Yes, vehicle repossession debt can lead to bankruptcy if it creates an overwhelming financial burden. Here’s how: Deficiency Balance – If your car is repossessed and sold at auction for less than what you owe on the loan, the lender can pursue you for the remaining balance (deficiency balance). This can be a significant debt, […]
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Returning a financed car without penalty is challenging, but there are options you might consider depending on your situation, contract, and the lender’s policies. Here are some common approaches: 1. Voluntary Repossession (Surrender) You can voluntarily surrender the car to the lender, meaning you give it back without them needing to repossess it. However, this […]
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helping good people with bad debt
helping good people with bad debt
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