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    youlanda's Avatar
    youlanda Posts: 1, Reputation: 1
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    #1

    Jul 4, 2007, 12:27 PM
    Judgement on my account
    I have a judgement against me and the debt is nine years old. The problem is they are wanting 5,560 dollars and the debt was only about 2,500 dollars. It was a 1991 geo storm that got repossesed. I was paying on the car and it started acting up and I kept getting it fix. I could not afford it anymore so I let it go. They sold the car at an auction. I don't mind paying them but that is way too much.
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
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    #2

    Jul 4, 2007, 12:31 PM
    WHy didn't you go to court and defend this claim against you. The SOL has long een expired.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jul 4, 2007, 01:35 PM
    Well after repo charges, after cost of the sell, after legal fees, and interest, yes double is about right for a repo'ed car.

    If you had worked out a deal prior to the repo, they may have worked, or even prior to a judgement when they just wanted to collect the money.

    But now that they have a judgement, and you did not go to court and fight it.
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