I need help with my homework!

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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 (princess_lea_7@hotmail.com), January 14, 2004

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