HomeCan a creditor report a debt for a vehicle returned for mechanical problems?
Wiki User
2015-07-14 16:09:01
2015-07-14 16:09:01
Unless the car qualified under the lemon law, YES. Type in "Lemon Law + "your state"in your browser.
Related Questions
Laws on private sale on a vehicle with mechanical problems
If you transferred the vehicle to a friend or family member for less than fair market value in order to avoid a creditor the court can nullify the transfer and the creditor can place a valid lien on the vehicle.
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
If they send you a lien satisfaction then it's yours.
Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.
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