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Old 02-04-2008, 09:24 AM
mom-from-missouri mom-from-missouri is offline
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? OK, I have never had anything repoed before, so am confused. They now have the car AND you still have to pay in full for it?? I thought in a repo case you would only have to pay for the deliquent amount and interest....

Years ago a former coworker of mine had hers repoed by the bank, and she had to only pay her 5 late payments, interest and then the amount that was the difference between the orginal loan amount and what the bank was able to resell the car for.

Someone explain this to me please...
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