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Posted in Auto Loans
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Question By
eloisao

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11 People Helped
Cosigned for car. Grandson didn't pay. Bank repo'ed. Haven't heard from them.continue charging int
I voluntarily returned the car. That was 2 months ago. The bank told me the car would be sold at auction on Oct. 2nd. I have not heard anything further from the bank, yet they have continued to charge me interest. How can they charge interest on a vehicle they now possess and, to my knowledge, have already re-sold?

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