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At this stage of the game, Bankruptcy or PAYOFF are about your only choices. OR work for CASH for a LONG time. MERRY Christmas Pay me now or pay me later. Regardless if the repossession was voluntary or involuntary, if there was a deficiency after the vehicle was sold you and any co-makers are responsible for payment. Most lenders are willing to accept payments as deficiencies are hard to collect. BEST OPTION for those considering vol repo... Sell the car and try to get the lender to carry any balance. This leaves the lender in a better position. In the end though YOU WILL PAY... through higher interest rates ( if you can get a loan now ), having to save money to replace your transportation, garnishment, bank levy, etc. Some will still go BR as a last resort. Good luck -

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โˆ™ 2005-07-25 05:23:49
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Q: What can you do if you did a voluntary repo and now attorneys are threatening garnishment of 18K at 18.35 interest?
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