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Capital One Auto Loans Sued Me in Michigan. – Stefanie

I got a loan for a car from Capital One Auto loans, back in November of 2006, in may of 2008 the company I worked for notified us that the shop would be closing within the next year. I called Capital One and told them and they said they couldnt help me, so I told them that I could not afford the car anymore and to come get it. They came and got it, and now I am being sued for the remaining balance. I understand that it is my responsabilty to pay it back, but when I called Capital one’s lawyers to make payment arrangements, they told me that they’re client would accept no less than 200 a month.

I cannot afford 200 a month, I am an unemployed single mother, full time student now. What kind of defense do I have against this? can they garnish my unemployement checks 200 dollars a month? I would be in a very bad situation if that were to happen, I am not on any kind of state assistance, so eveything that I need ( house paytment, food, utilities, diapers, child care), comes out of my pocket.

Stefanie




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Sincerly,
Steve

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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