My question involves a consumer law issue in the State of: Florida
My car was repo'd in February 2016. The bank has filed a lawsuit for the remaining balance of the loan (over $11,000 that I don't have). I don't dispute the debt but it is impossible for me to pay any time in the foreseeable future. I only have 1 asset in my name (a car owned outright in both mine and my husband's names). No bank accounts in my name and we rent our home. Since the only asset is a car (again, title in hand, no lienholder), can they try to take it when they get a judgement? Can they go after my husband's bank account? His name was NOT on the loan.
My car was repo'd in February 2016. The bank has filed a lawsuit for the remaining balance of the loan (over $11,000 that I don't have). I don't dispute the debt but it is impossible for me to pay any time in the foreseeable future. I only have 1 asset in my name (a car owned outright in both mine and my husband's names). No bank accounts in my name and we rent our home. Since the only asset is a car (again, title in hand, no lienholder), can they try to take it when they get a judgement? Can they go after my husband's bank account? His name was NOT on the loan.
Repossession: Bank Suing After Repo
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