Reaffirmation Agreements

SUMMARY:

1. 1. If you cannot make the payments, they will take your car away from you.

      

   2. If you DO sign a reaffirmation agreement then you default on your payments and they take it away from, they will SUE afterwards.
   3. If you do NOT sign a reaffirmation agreement, then you default on your payments, they will take it away and they can NOT sue you afterwards.
   4. If you do NOT sign a reaffirmation agreement, then even if your payments are current, they can repossess it anyway.
   5. But only Ford, Jaguar, SDCCU and California Coast Credit Union have stated that they will take it away if you don’t sign a reaffirmation agreement.
   6. But there is no reason to believe that the other banks and credit unions can not or will not change there minds some day.
   7. I