I have a sofa which I financed through Levitz Card almost two years ago.
I financed at 0% for $1,700+Tax and its balance is now $720.
My attorney said that I don't have to pay the payment on this Levitz card since it's two years old so there is very few chance for the repossession. (I think it's a secured debt as like Best Buy Card).
I am curious if it won't be repossesed by Levitz. Still there is a possibility of repossession based on the attorney's advice.
Are there any similar cases for secured debts for furniture? I believe that Best Buy Card is also a secured debt, e.g., the financed item can be repossessed.
Sharing any experience or advice would be highly appreciated.
I financed at 0% for $1,700+Tax and its balance is now $720.
My attorney said that I don't have to pay the payment on this Levitz card since it's two years old so there is very few chance for the repossession. (I think it's a secured debt as like Best Buy Card).
I am curious if it won't be repossesed by Levitz. Still there is a possibility of repossession based on the attorney's advice.
Are there any similar cases for secured debts for furniture? I believe that Best Buy Card is also a secured debt, e.g., the financed item can be repossessed.
Sharing any experience or advice would be highly appreciated.
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