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After a car is voluntarily reposessed can a collection agency threaten legal action if they have accepted payment arrangements from one signer?

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2015-07-15 21:34:14
2015-07-15 21:34:14

roosta Once the loan is in default, the lender can seek payment from ANY signors to the loan. After the car is sold, there is NO collateral for the loan except the ones who promised to pay . It is now time for them to pay.

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