Debtor And Creditor Legal Questions

Your are correct that the legal limit for a title loan is $2,500 and if you had borrowed that from a Tennessee based company you would not have had to repay that portion over $2,500. However, if you went to Georgia to take out the $5,000 title loan, then the Georgia based company is not subject to the $2,500 limitation of Tennessee (even if you and your car are based in Tennessee) and you would have to repay the loan.... Read More

You passed the standard three day right of recession.  You are likely on a payment plan.  The only way to cancel the contract now would be to file a chapter 7 bankruptcy. You may also be able to contact the company and negotiate an exit but its doubtful.  If you would like to know more about why you should or why you should not choose bankruptcy as an option, please contact me at(203) 870-6700.  Thanks.... Read More

I would first request a copy of the Stipulation agreement hey claim you signed.  I would then make sure that you validate the debt along with the dollar amount they claim you owe.  Also, make sure to document your conversations.  I would also review the FDCPA laws in your state to protect yourself if in case they begin to threaten the likes of litigation, liens etc.. Feel free to call our office is you need help.  We aree a FREE SERVICE.   Legal Rights Advocates Attorney Scott F. Bocchio P 855-254-7841 www.yourlegalrightsadvocates.com          ... Read More

If you have not already done so, then you need to talk with him about it. It could be that he is having financial difficulty and can not afford to pay it. If you can not resolve it, the debt is your wife's. Ultimately, if you wanted to take it this far, you can sue him to compel him to pay it. Good luck!... Read More

You cannot remove yourself from the mortgage.  The divorce decree should have made her refinance or given you a credit if you paid to protect your credit.  Nothing you can do now unless the decree provides a remedy for this problem.  You can make a motion in the matrimonial court for breach of the decree, if she is in breach.... Read More

In order to assure you have title to the ATV, you need the following: A certificate of title or manufacturer's statement of origin signed over to you. A signed application for title. An ATV bill of sale. Proof of vehicle identification number (VIN). A notarized lien release, if applicable. Proof of liability insurance. An application fee. Use these documents to register the ATV in your name with the Texas DMV.... Read More

This sounds like a scam.  It is possible also that they are a real firm with little to no web footprint.  My office handles a little known area of consumer law called Fair Debt Collection Practices Act.  This is a federal law that regulates what debt collectors (including attorneys) can and cannot do.  You may be entitled to a settlement from the firm if they are violating your rights.  Please feel free to contact me for further assistance.... Read More

Good morning Once the car is repossessed, your car lender will usually set the car for a private or public auction. Once the car is auctioned off, whatever remaining balance (deficiency balance) will be a debt you will still owe.  However, the problem that arises is that the amount the car is sold for at aunction are pretty low and the lender will charge all the related costs and fees (to auction the car, etc..) as part of the balance owed on the car. If you owe on this deficiency and you have other debts, you may want to consider a bankrutpcy to address and discharge all your unsecured debts (barring few exception) to clean up your credit My office provides a free consultaiton so feel free to contact me if you reside in Houston or the surrouding area Peter Kim, Attorney (713) 259-3929... Read More