My Current Fixed Income Does Not Allow For Me To Continue Making Payments On The RV
by Tara
(Detroit)
Question: My husband died and I cannot afford to make monthly payments on our RV, for I have house monthly bills and my monthly living expenses. I have carefully reviewed my financial situation with my banking institution and have concluded that the only possible way I can survive financially is to give back the RV. What are the laws on being a retiree and having a fixed income?
Robbie: I'm very sorry for your loss. This is not my specialty but you might want to consider consigning your motor home to assist you in selling it. Dealerships have the ability to finance a buyer but use caution and be sure to agree on a selling price and do not let them call and talk you down on the price saying they have a buyer on the site.
As far as laws are concerned I would suggest you call the company you have the loan with and ask for their advice.
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