Deficiency Balance Selling

Discussion in 'Credit Talk' started by tonyd, Mar 4, 2004.

  1. tonyd

    tonyd Well-Known Member

    Can a debt buyer buy a deficiency balance from an auto repo, and attempt to collect on it as some debt buyers buy credit card debt? Anyone know this or where to find info on it? I am out of searches now!
     
  2. JohnB316

    JohnB316 Well-Known Member

    They sure can. It happens all the time. I just did a Google search on the term "auto deficiency." Here's the URL to check for yourself:

    http://www.google.com/search?hl=en&lr=&ie=UTF-8&oe=UTF-8&q="auto+deficiency"

    Hope this helps.

    John
     

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