Three years ago I had bad credit and brought a cadillac for 14500 with the interest it was 18500. I paid 4000 down and 600 a month for 10 months but the car kept breaking down so the car repair fees was expensive. I fell behind on paying the car and I was sued for 9700. After the judgement I paid 3424 on the car , two weeks ago I recieved another letter stating I owed 14000 most of which is interest and lawyer fees. We are set to go to court so they can garnish my check. I sent a settlement offer of 4000 to the attorney but so far no response. We are set to go back to court next month.What can I do about this?

Fr_Chuck

Go to court, try to have as many records proving what you paid up to this point.

Note most likely the attorneys fee is more than 4000. They may settle for about 8 ( my guess)

Pete Moak

While the cost of repairs have been expensive , those costs are probably not relevant to the issue of the amount you owe to the seller or the one who purchased any note you signed when you purchased the vehicle. Most used vehicles are sold “AS IS.” The buyer is on notice that the buyer needs to check out the condition of the used vehicle before purchasing it. However, the most important thing is to get as much credit for what you have already paid and not to get stuck for anything you don’t actually owe. Be prepared to prove the amount of all payments. Find out before going back to court the method used by the other party to apply payments toward interest and principal. Usually at the beginning of a loan, the payments are applied largely to the interest and thus the principal is not reduced very much with each payment. Also find out what portion of the amount claimed is for attorney’s fees and court costs etc. Check with other law firms about what is typical for fees in such cases in your area. Check the local law regarding what costs are taxable against the losing party and make sure the other party can document the actual costs.