default on note agreement

i need help ! i am being sued! please let me know what my options are? i bought a car and after about 1 1/2 years of making my pymts. on time i lost my job and fell 3months behind. i couldn't make my pymts. they kept calling me telling me that they were going to repo the car. so, i felt that was my only option. i thought that that would be the end of it until they wrote me a letter stating that they would sell trhe car and that they would probably get more than owed in which case i would be recieving a check for the difference. i thought that was more than i expected. great! then i recieved a letter stating that they only got half(which was less than half of the loan value) and that i still owe $3,500.00. i didn't have the cash to come up with 3 pymts. much less than half of the total balance.i was served with the papers friday sept.1st and i have until monday sept.11th to respond by mail. i don't know what to do! i can't afford an attorney much less pay the difference plus court costs and attorney fees.what can i do? i thought the whole idea of letting your car be reposessed was that your credit would be affected but, that you would not have to pay anything else.i am lost and confused in texas please help fast!

YA ever see those late night commercials I got a car for $99, I went to auto auction and got MY CAR AT $1000 UNDER BOOK VALUE!

Guess who pays the difference?

i really need some Real advice. I need to know what I can do to please the courts besides pay everything in full. Do i have any options? Please let me know.ASAP.

<BLOCKQUOTE><font size="1" face=" Arial, Verdana, Helvetica">quote:</font><HR>Originally posted by peter:
YA ever see those late night commercials I got a car for $99, I went to auto auction and got MY CAR AT $1000 UNDER BOOK VALUE!

Guess who pays the difference?<HR></BLOCKQUOTE>

Peter, get a life and quit responding to people when you don't know what you are doing. Legal ADVICE, not smarta** comments are what these people need. Besides, we know you and you are not a lawyer, not even good with common sense solutions.

<BLOCKQUOTE><font size="1" face=" Arial, Verdana, Helvetica">quote:</font><HR>Originally posted by tiredofU:
Peter, get a life and quit responding to people when you don't know what you are doing. Legal ADVICE, not smarta** comments are what these people need. Besides, we know you and you are not a lawyer, not even good with common sense solutions.<HR></BLOCKQUOTE>

Yes, sometimes they will just accept the car and write the difference off as a loss. Since the car is actually the security for the loan, they don't have any other collateral. But sometimes they do choose to sue for the difference and obtain a judgement. It just would depend on the amount and the whim of the creditor. Good luck. (Not a lawyer, so in case one is reading, please feel free to correct. Just going on past experience).