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What happens if a bank sells your car and settle for a low bid? Collections?
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<blockquote data-quote="Britt" data-source="post: 2066840" data-attributes="member: 211705"><p>If you bought a care and then returned it to the bank you took the loan from, they auction the care and take a bid for less then a tenth of its worth is it your job to pay back the remaining amount? If they send it to collections, but you have since moved states, phone numbers, etc and they cannot get a hold of you will the debt ever be dropped form your credit?</p></blockquote><p></p>
[QUOTE="Britt, post: 2066840, member: 211705"] If you bought a care and then returned it to the bank you took the loan from, they auction the care and take a bid for less then a tenth of its worth is it your job to pay back the remaining amount? If they send it to collections, but you have since moved states, phone numbers, etc and they cannot get a hold of you will the debt ever be dropped form your credit? [/QUOTE]
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