Does anyone have one of these? Biggest mistake ever!!! We bought a new dirtbike for DH about 2.5 years ago and they suckered us into putting it onto one of those dumb HondaCards. $69 min intro pymt for 2 years (oh not to mention monthly accrued interest was almost $90!) Well the bike registration shows GE as the lienholder, however i believe it shows on our credit as a regular revolving account. (Mind you i never thought a "secured' item could be purchased on an "unsecured, revolving" account)
Question is, CAN and WILL they come after us for the bike? We are just a couple weeks behind on the pymt, and there's no way we could sell it for what we owe. And if they were to come after us, we'd be liable for the deficiency, correct?
Question is, CAN and WILL they come after us for the bike? We are just a couple weeks behind on the pymt, and there's no way we could sell it for what we owe. And if they were to come after us, we'd be liable for the deficiency, correct?
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