I had a heart attack a couple of months ago and cant work. I have lots of "secured" debt for furniture( Ashley's, RC Willey etc). I wont have an income for the forsee-able future. So will these guys repo my stuff. I have not had the stuff very long.....thank you
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Things like furniture and appliances are not as easily repo'd as cars, boats and the like. To repossess it, they have to gain entry to your home. To do that, you have to let them in or they need a judicial writ -- usually in replevin. To get the writ, they have to file a lawsuit.
Will they do it? It's always a cost/benefit analysis for them, but since you haven't had the stuff very long and still in nearly new condition, they can probably get their money out of it.
It becomes much less likely though if you refuse to give them access and force them into the legal process to recover it.Pay no attention to anything I post. I graduated last in my class from a fly-by-night law school that no longer exists; I never studied or went to class; and I only post on internet forums when I'm too drunk to crawl away from the computer. -
Thank you so much for the info...I might need to sell some stuff I got from these guys to buy my medicine as I did not have health insurance... How much trouble can I get into for this?...Comment
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A lot, potentially. Don't sell property that is subject to a security interest.Originally posted by easygoers View PostPay no attention to anything I post. I graduated last in my class from a fly-by-night law school that no longer exists; I never studied or went to class; and I only post on internet forums when I'm too drunk to crawl away from the computer.Comment
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OK. Thanks again for your helpComment
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