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  • Two Ways To Handle A Deficiency Balance After Vehicle Repossession

    When you stop making payments on your auto loan, the bank will typically take the vehicle back (i.e., repossession). Unfortunately, your obligation to pay the loan may not end there. If the bank sells the vehicle for less than the balanced owed on your account, you will continue to be liable for the difference. Here are two things you can do to eliminate a deficiency balance after your car or truck has been repossessed.
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