Q: I financed a car in 2014 but stopped making payments on it in 2016 when it stopped working. Can they sue for whats owed?
The car was picked up by the original loan company once I notified them I was not paying on a car that doesn’t work. Now the original company has sold my loan to this new company and they are filing suit against me trying to garnish my wages.
A: Sure. You owed money for a thing and then stopped paying for it. Typically, they can sue within four years.
Make sure that you get credit for the repaired value of the car, minus the cost to repair, as part of your debt.
You might also make a deal with the new company to pay a portion of the debt.
Bruce Alexander Minnick agrees with this answer
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