GoFuckYourself.com - Adult Webmaster Forum - View Single Post - My elderly dad was severely taken advantage of

TCLGirls · 03-10-2016, 02:12 PM

1.
Just ignore the loan and let it default. In order for the finance company to collect on the loan, they would have the obtain a court order. They might not go to that extent since it is a small amount and they are already in possession of the car.

Your father's credit rating will go down. And if the finance company gets that court order, they can collect up to 15% of your father's monthly social security payment (for example, if the monthly social security payment is $1000, the maximum amount in jeopardy is $150/month.). Your dad's SSI payments, if any, can't be touched no matter what though.

No need to worry about your father's children, descendants etc. They are not legally responsible for your father's debts.

2.
Fight the validity of the contract. You can find consumer protection attorney's here: Consumer Protection Lawyer - Consumer Protection Attorney, Law Firm Directory | FindLaw

Many of those lawyers won't take that case because the amount in controversy is relatively small. But they can refer you to agencies who specialize on small amounts., many of which will not charge a fee if your father has limited assets.

3.
File a small claims case. Informal proceeding and no lawyers involved. (but the contract your dad signed might have a provision forbidding small claims court cases).

03-10-2016, 02:12 PM
TCLGirls Confirmed User Industry Role: Join Date: Feb 2010 Location: California Posts: 3,068	1. Just ignore the loan and let it default. In order for the finance company to collect on the loan, they would have the obtain a court order. They might not go to that extent since it is a small amount and they are already in possession of the car. Your father's credit rating will go down. And if the finance company gets that court order, they can collect up to 15% of your father's monthly social security payment (for example, if the monthly social security payment is $1000, the maximum amount in jeopardy is $150/month.). Your dad's SSI payments, if any, can't be touched no matter what though. No need to worry about your father's children, descendants etc. They are not legally responsible for your father's debts. 2. Fight the validity of the contract. You can find consumer protection attorney's here: Consumer Protection Lawyer - Consumer Protection Attorney, Law Firm Directory \| FindLaw Many of those lawyers won't take that case because the amount in controversy is relatively small. But they can refer you to agencies who specialize on small amounts., many of which will not charge a fee if your father has limited assets. 3. File a small claims case. Informal proceeding and no lawyers involved. (but the contract your dad signed might have a provision forbidding small claims court cases).