ok, car was totaled & insurance company wouldn't pay entire debt. Ins settled & left me owing $1500. I'm not paying it. So now my credit report shows the car as repo. What to do?
How did you get upside-down in the car? Did the lender ask you about gap insurance? Here in Florida you have to intial a box declining it.
the car was financed @ 19.5%. in Memphis,TN. Never heard of gap insurance until after I got screwed. Since I wasn't injured in the accident, I couldn't even get calls returned from the attourny so I couldn't get the entire amount. I just don't like it stating that it was a repossession when it wasn't. I'm afraid to even attempt to get another car financed.
