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Columns: Driving for Dollars
Terry Jackson   Expert: Terry Jackson
Driving for Dollars
Single mom worries after dumping truck
Driving for Dollars

Loan trouble? Don't fear prison time
 

Dear Terry,
I surrendered my truck to a bank. I called the bank told them why and they told me where to take it. I followed their instructions, then called the 800 number and told them I had dropped it off.

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I am a single mother of two with no help. I had no choice. Will I go to jail?
-- Jen

Dear Jen,
No need to fear any criminal charges. People get into loan trouble all the time, unfortunately, and the worst that usually happens is their credit rating is dragged down.


Here are this week's reader questions:
GM: credit crunch hasn't killed loans
Do I get 'cooling off' time after I buy a car?
Will my loan troubles put me in prison?
Can I take over my brother-in-law's car loan?
Bankrate.com's corrections policy -- Posted: Oct. 3, 2008
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