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What happens if you don't pay a secured loan?
My husband has 2 secured loans at two different independent loan places. We've been paying on them for years, but recently have had severe money problems and can't pay the amount due monthly. The secured items were TV's (since broken and replaced) digital camera (broke) computer (fried and replaced) things like that. They never took serial numbers on these things, never took pictures. Could they come back and take our replaced items (like replaced TV and camera (given as gift) there wasn't a title loan or anything. What are our legal rights, if they threaten to take these things?
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Sugar |
Posted on
06/10/10 Total Answers
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