My car was repo'd and sold at auction. I have a deffiency. Will I have to go to court to settle this debt?
THEY can take you to COURT...but there is no law that says that they MUST!!! You can send them an offer in the mail...they can accept it or not..
Ok so what should I say in the offer. I have no problem paying the deffiency. I fell behind in payments because of work slowing down. I am now at a better job and making more money so I can pay for it. I just can't miss to go to court because this is a new job and I don't want to ask for time off. I live in TN if that helps any.
Re: Re: settlement I don't know yet. I've just got a deliquency and was wondering if I had to go to court to settle it or could it do it by mail or phone.