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Posted in Paying Your Bills
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Question By
Brettdc90

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We missed one bill 3 times they repoed her car it went to auction whats the nexts step i should do?
Yeah i have a question umm my fiancées car was repoed and the company has sold the car at an auction do we still have to pay
it off or not cuz its killing my credit and i have a feeling that creditors are going to come for what ever money we owe what should we do?

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It sounds like you had a high risk loan for the lender to repossess the vehicle so quickly.  You are responsible for the outstanding balance after the amount the vehicle sold for at auction. Loan amount minus auction sale equals the difference you're responsible for.

Top Contributor
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Sit down and think about what you could have done so that kind of thing didn't happen. After you figure it out, use those thoughts/ideas so you don't make those mistakes again.

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