I need help with my homework!greenspun.com : LUSENET : Repossession : One Thread
Here's the question:
Bob got a automobile installment loan throught the local city credit unios. Bod wasn't able to pay is monthly payments and the credit unios reposed his car. He owed $6,430, the car auctioned for $6,000. Bob still owes $430 dollars, he says he dosn't because he made payment towards his car and now he has no car.
The question is if the credit union entitled to recover the $430?
Any help would be great. Thanks
-- Elizabeth (email@example.com), January 14, 2004