New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

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.

- advertisement -

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
Read more Driving for Dollars columns
Ask a question

Auto Loans
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
48 month new car loan 6.86%
60 month new car loan 6.61%
48 month used car loan 6.81%
ADVERTISING PARTNERS
RELATED CALCULATORS
  Auto loan calculator  
  A rebate or special dealer financing?  
  How much will the auto lease really cost?  
VIEW ALL  
- advertisement -
- advertisement -

News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.