My question involves a consumer law issue in the State of: South Carolina
I live in South Carolina and had my car financed by a credit union in North Carolina. I have become disabled and my income reduced, so I was not able to keep up with the payments on the vehicle that was financed. The car was reposessed because I did not have the funds at the time to bring the loan current with all of the late fees attached. It is my understanding that I should have received a notice prior to the sale. I received a letter recently stating that my vehicle had been sold in a private sale leaving me with and $8,000+ deficiency. Was the credit union allowed to do this without prior notifying me of the sale and is there any way that I can fight the deficiency so that I can prevent a judgement being filed against me?
Thanks for any assistance that you can provide!
I live in South Carolina and had my car financed by a credit union in North Carolina. I have become disabled and my income reduced, so I was not able to keep up with the payments on the vehicle that was financed. The car was reposessed because I did not have the funds at the time to bring the loan current with all of the late fees attached. It is my understanding that I should have received a notice prior to the sale. I received a letter recently stating that my vehicle had been sold in a private sale leaving me with and $8,000+ deficiency. Was the credit union allowed to do this without prior notifying me of the sale and is there any way that I can fight the deficiency so that I can prevent a judgement being filed against me?
Thanks for any assistance that you can provide!
Sale and Deficiency: Sale After Repossession by a Credit Union With No Prior Notice
Aucun commentaire:
Enregistrer un commentaire