<prompt> Human: A year and 2 months ago I had a car repossessed due to my loss of a job. It was a financial headache, but once the car was taken it was kind of a relief. I know getting a car repod isnt the best option, but I made mistakes.Now, I got a notice saying that the bank was filing a judgment against me for the remaining balance on the car, almost 6000. I had no idea what happened after a car got repossessed so I assumed that once they took it that it was all over.They sent all the notices and a paper showing that my car was sold at auction and that money was still owed that was sent to my old address. But, I never received any of it because I didnt live there even before they came to repo my car. I cant exactly afford an attorney, but I understand that if I owe them money that I should be responsible. Im just really stressed out about this again and dont really know where to turn. Help?  <response>: I had no idea what happened after a car got repossessedthey repossess the car. they sell it at an auction, usually for wholesale price to a dealer. they collect any difference between loan balance and sale price. suppose you owe 18k and the car has a resale value of 15k. they sell it at auction for 12k to someone who will resell at 15k for a 3k profit. 18k loan balance, minus 12k auction price, leaves 6k outstanding on the loan. hence the bill they sent you. what to do? you owe the 6k, you agreed to this possibility in all the fine print for the initial loan. I guess you dont have 6k sitting around. if you can work overtime and scrape together 2 or 3k over the next few months, they might take it as a settlement. 