voluntarily surrendered a truck within 30day purchase

[worried in texa]

What is the name of your state?Texas
I bought a new truck and voluntarily returned it withnin 30 days of purchase to the dealership, because I felt that I could not make payments on this vehicle. Throughout the day and night I was just worried about this problem. The truck was auctioned off and now I am being harrassed that I still need to pay the difference. I can not afford this. What can happen if I ignore these calls and letters. I change the deed to my house to my kids name because I was afraid that they could take my home away. I don't have any bank accounts. This problem is tormenting me inside. What is the worst that will happen to me? Please give me some advice.

"What is the worst that will happen to me?"

You will be sued for the difference and a judgment will be entered against you. The judgment creditor can then go after your assets, including those you have tried to hide.

Word to the wise: Get this settled now. Now (today) is the cheapest this bill will ever be.

[HomeGuru]

Originally Posted by worried in texa

What is the name of your state?Texas
I bought a new truck and voluntarily returned it withnin 30 days of purchase to the dealership, because I felt that I could not make payments on this vehicle. Throughout the day and night I was just worried about this problem. The truck was auctioned off and now I am being harrassed that I still need to pay the difference. I can not afford this. What can happen if I ignore these calls and letters. I change the deed to my house to my kids name because I was afraid that they could take my home away. I don't have any bank accounts. This problem is tormenting me inside. What is the worst that will happen to me? Please give me some advice.

**A: why didn't you keep the truck and sell it yourself?

"The truck was auctioned off and now I am being harrassed that I still need to pay the difference."

Being asked to pay your bills is not harassment....

[tabathadolley]

**A: why didn't you keep the truck and sell it yourself?

Being a new truck, they probably owed quite a bit more than it was worth... especially since they never even made a payment. That's an expensive one month rental!!

[BlondiePB]

I change the deed to my house to my kids name because I was afraid that they could take my home away.

worried in texa, look up fraudulent transfers. You have commited it.

[worried in texa]

A mil thank yous. I will take care of this matter. I hope its not to late.

"... I will take care of this matter...."

Money will solve this problem.

Now (today) is the cheapest this bill will ever be.