dcarroll1002
New Member
My wife and I purchased a car from Honda and it was financed through American Honda Finance. I received a call from a investigator about a past due balance to my account. I was told i had 3 days to get the cash or the car would be repossessed. Well I voluntarily turned the car in to my local Honda dealer. I received a call yesterday saying I owed them $8,800.00 but would settle for $6,100.00. My problem is I do not have this kinda cash and cannot get it. So they gave me an option to come up with $2,900.00 and pay payments on the remaining $8,800. Once again can not come up with this kinda cash. I was informed that since I live in Louisiana they can tax my assets, but did not say what they meant by this.
So my question is what do they mean by tax my assets and to what extent can they take this?
So my question is what do they mean by tax my assets and to what extent can they take this?
