Bowling Green, OH asked in Business Law and Contracts for Ohio

Q: If my credit report says my auto loan is closed but finance company is harassing me can I walk away from car?

Can I walk away with no obligations in Ohio? It clearly states account is closed and the harassment and interest rate alone may kill me and cat is falling apart. I need nee car ASAP. Please help

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1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick

A: 1. FYI, your credit report status has nothing whatsoever to do with your auto loan status.

2. The lender can continue trying to collect from you until you pay off the car loan.

3. And finally, "walking away" will do no good either.

Again: You still owe the lender. And until you find a way to convince the lender that you stiffed to let you off their hook you will have trouble trying to buy another car on credit.

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