The bank repossessed my car and sold it off without even sending me a formal notice. Now, they’re trying to get a deficiency judgment against me. Aren’t they barred from collecting the deficit?

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Yes, you can use it as a defense in court. A creditor may be completely restricted from collecting the deficiency if he fails to provide you with the required written notices or doesn’t arrange the sale of the car in a commercially reasonable way.

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Last Updated on: Fri, 8 Jun 2018

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