To begin with, we will repo your car or truck for the non-payments. Then we will see in the event that you be eligible for reinstatement.
Should you qualify to reinstate your car name loan, you’ll be expected to spend the total repo charge. It’s usually about $500 plus your past because of interest re payments.
Then is there is a shortage on the sale of the car, meaning we have to sell it at a loss, then you will have to pay for the remaindering balance if the car has to go to the auction. (mehr …)