Q: I was just served a summons to court over a voluntary repo from 2014. I need advice to move forward. Thank you
They're asking me to pay back $6128.23 which I will have a difficult time paying. Their interest rate was ridiculous amount to begin with as I had less than great credit to begin with. I had it voluntary repossessed because I could no longer afford the payments as I had recently become separated from my previous wife at the time (2014) and no longer had two incomes. Do I have to pay this?
A: If you want to avoid a judgment, yes, you have to pay it. If you dont care, dont pay it. Your credit will continue to be damaged with a judgment, and you may be subject to a wage or bank garnishment.
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