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What can you do if you bought a television on credit and the company wants to repossess it but still want you to be responsible for the debt?
Wiki User
∙ 17y ago
Yes, that's how the contract usually reads. The used television won't be worth what you owe, so you'll need to make up the difference. By the time they pick it up, clean it up and sell it, anything they make won't cover what they get. Read the fine print of the contract, it's all there. If there is any way to get the money, you will be much better off if you can borrow the money from a payday loan operation or a relative and pay off the finance company. Otherwise you'll have the debt (if it's large enough your wages could be garnished), a black mark on your credit report, and NO TV.
Wiki User
∙ 17y ago
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