My car has been towed. If I give up the car, I still need to be reponse for the remain loan?
It is a hod time to me. I lost my job recently.I have had lower income. I have missed 3 payments of my car loan. This morning I fund out that my car has been towed. I tried to get my car back for my life but they asked me pay all of th e3 payments. And I said I have no enough money for it, I may give up the car. but they said that I still needed to response the remained loan. it is true or fulse? And this matter may make my credit history bad? I am in a difficult time, they still give me more difficulties. I am so sick! Try to help me if anybody knows the rules about car finance.
It is a hod time to me. I lost my job recently.I have had lower income. I have missed 3 payments of my car loan. This morning I fund out that my car has been towed. I tried to get my car back for my life but they asked me pay all of th e3 payments. And I said I have no enough money for it, I may give up the car. but they said that I still needed to response the remained loan. it is true or fulse? And this matter may make my credit history bad? I am in a difficult time, they still give me more difficulties. I am so sick! Try to help me if anybody knows the rules about car finance.