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Expert: Apex Credit Services, LLC - 12/31/2008


Question
My son leased a new car last month, however he was so upside down in his previous car loan, he couldn't get "out of the loan as a trade in.  Now he is not making payments on the 2 year old car loan he had, just paying his new car lease payment.  He wants the credit union to repo his old car.  Can the credit union find out that he just got a new car lease?  If so what can they do to him beside screw up his credit, I know that is inevitable.

Answer
Mr. or Ms. Ullestad:

They can repossess his old car, sale it at auction and sue him for any deficency.  If they do this, they could garnish his wages, attach any title to property, and attach title to his new car.

Jason Barnette
Barnette Law Offices, LLC
http://www.barnettelawoffices.com
615-585-3885

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Apex Credit Services, LLC

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Our expertise encompasses the legal frameworks under the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act amendments to the FCRA, and the FCRA. We are also well versed in Tennessee and West Virginia consumer law as well as Texas consumer law. DISCLAIMER: NO PART OF ANY COMMUNICATION FROM APEX CREDIT SERVICES, LLC IS TO BE CONSTRUED AS LEGAL ADVICE. APEX CREDIT SERVICES, LLC IS NOT A LAW FIRM. SHOULD YOU SEEK LEGAL ADVICE, CONSULT A LICENSED ATTORNEY IN YOUR JURISDICTION.

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Our staff is comprised of CCPA experts. Apex Credit Services, LLC, which is a registered, licensed, and bonded credit services organization and certified by the Consumer Data Industry Association.

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Flagstar Bank Chase Bank

Past/Present Clients
Flagstar Bank Chase Bank

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