Can a bank continue to charge daily interest on an auto loan after the vehicle has been repossessed and sold at auction?
Answer
yes for the difference between the sale price and what was owed...as repossession does not extinguish the debt
Can a bank continue to charge daily interest on an auto loan after the vehicle has been repossessed and sold at auction?
yes for the difference between the sale price and what was owed...as repossession does not extinguish the debt
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