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Auto Loans and Financing
Repossession
Liens

If the repo man is looking for your car is there a way to buy the car from the lien holder for a big discount if it has already been charged off?

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2011-09-12 21:36:08
2011-09-12 21:36:08

This is a great question to ask the LENDER. "Charged off" simply means they have taken a loss for the income they didnt make on the loan. They can still get a judgment for the entire balance due.

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