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question regarding legal rights after repossession

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  • question regarding legal rights after repossession

    Hi, I am Larry D Gallion of Conroe, Texas I signed vehicle contact to help my Son, currently in the US Navy. The vehicle was repossessed ,now& the Law firm of Lawerance, Baca & Donohue have sent me a certified letter demanding $12,547 plus a per diem of $3.59224 .At one time in Texas all a company could do is get a judgement for the balance. is this still true. also I do not understand the per diem charge. the original amt after repo was less than $9,000. I do not dispute the original fact that all this is in my name. I do not however, have the funds they are demanding. What are my rights, obligations, and Texas State law concerning this matter.

  • #2
    Re: question regarding legal rights after repossession

    The judgment can accrue interest. They may settle on a partial amount. WLD could intervene as well if need be.

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