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.
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