Memphis, TN asked in Uncategorized for Tennessee

Q: Can a company add 15000 in prejudgment interest on a charged off account for repossession? The original balance was 9000

The bank that had the loan closed. When i had the car in 2002 the company said they would have me arrested so I let them get the car. I was sued in 2017 and now I owe 23000. The have garnished my wages

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1 Lawyer Answer
Anthony M. Avery
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Answered
  • Knoxville, TN
  • Licensed in Tennessee

A: Should have hired an attorney to examine the Statute of Limitations. Too late now. Bankruptcy or asset protection may be your only defenses. Consult with an attorney that knows asset protection and exemptions, or BR

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