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Liens/leases
Anonymous3 views2 answers
Just bought a new car and had coll/comp on it next day apparently I went in and deleted the leinholder ik it's neglagent for me too say I don't remember doing it but I hadn't even made the first payment let alone look at my policy before I totaled it and found out I didn't have comp/coll. is there something I can do too be able to stop paying for the car $200 a month is a lot for five years for something I didn't have for a month I'm a broke 27 year old female no guidance feeling clueless
You should seek a consultation with a local bankruptcy attorney to see if it may make sense for you to file a bankruptcy case. Most offer free consultations. Without insurance, it sounds like the vehicle is a total loss for you, but you are still liable to make payments on the entire loan. If you stop making payments, the car loan company will come after you for the total balance, plus fees and costs. A bankruptcy may be the solution for you. Use the Find a Lawyer on the top of this page.
Bankruptcy is a consumer remedy that may give someone in your situation the ability to erase a past mistake. You should see a BK lawyer immediately. Here's why I say that.
I'm sorry to tell you, but your problem is a lot bigger than just continuing to pay the $200 monthly lease payment. Because even if you do, at the end of 5 years you don't have a car to turn in. So, you will also be liable for the residual value of the car that you leased.
