sucitivel99
New Member
Question:
I bought a truck through a local car lot that folded. The loan was "in house" and was never reported to any credit agency. meaning I went into the lot and made payments, and after it folded I made payments to a po box. I still owe money on the vehicle and, for various reasons, intend to tell the "owner" to come get his truck.
What can I expect?
My thoughts are that the "owner" could collect and sell "his" truck and go after me in small claims court for any remaining balance. I am not clear on the reposession laws of california.
Thank You for your assistance.
Dan
I bought a truck through a local car lot that folded. The loan was "in house" and was never reported to any credit agency. meaning I went into the lot and made payments, and after it folded I made payments to a po box. I still owe money on the vehicle and, for various reasons, intend to tell the "owner" to come get his truck.
What can I expect?
My thoughts are that the "owner" could collect and sell "his" truck and go after me in small claims court for any remaining balance. I am not clear on the reposession laws of california.
Thank You for your assistance.
Dan
