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They Repossessed My Car and Now Say I Owe Eleven Grand. – Don

“Dear Steve,

My car was repossed. I fell behind on the payments, the transmission went out, and I didn’t have a place to live for a short period of time. I had to choose and having a place to live won out. I’m employed and have just received the deficiency notice. I owe $11,000 which of course I don’t have.

What are my options and what do you recommend? I’m sure I’ll be receiving a notice before long advising me that they are suing for the 11 grand.


Dear Don,

Your options are limited. You can make an arrangement to pay them or you can discharge the debt in bankruptcy before they sue you.

Click here to find a local bankruptcy attorney you can talk this over with if you can’t afford to repay the $11,000.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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