That sounds pretty suspicious to me. Writing you letters trying to squeeze money out of you is not what I would expect Walmart to do. It sounds like a scam artist to me, not Walmart. You should call the company headquarters directly (not the number on the letters they are sending you) to verify they are coming from Walmart.
In Oklahoma, small loan companies are usually covered by the "Deferred Deposit Lending Act." Lenders are supposed to follow the provisions of the FDCPA. What you've described above would be illegal under the FDCPA. Lenders are supervised by the Oklahoma Department of Consumer Credit. You should file a complaint against the lender with the ODCC. I've added the link to their complaint form below.
This sounds like a complicated issue. You may have a cause of action against the CPA (and possibly his wife) for fraud. If the business is now defunct, then there is no chance to recover the money from the business. You should seek an attorney competent in business litigation. Although it doesn't look like Oklahoma County offers one, The Tulsa County Bar Association has an excellent referral service. See link below.
Find an attorney that specializes in debt collection defense in your area. If you live in a larger city, you may be able to find one on NACA.net. If it is a debt buyer lawsuit, they are easily defeated once an attorney becomes involved.
We sue debt collectors that don't follow the law. Our website is http://www.paramountlaw.net
However, your's is likely a scam artist that may have nothing to do with your loan. There are many scammers that follow the crumbs of old pay day loans. These scammers sometimes even have a copy of your credit report back from when you first obtained the loan. If the last payment made on the pay day loan was over 5 years ago, the debt is too old to be collected as it is barred by the "statute of...
It seems that what your question really goes to is whether the debt collector can charge you the INTEREST on the charged off debt. This is a complex question, but the following article does a pretty good job at examining it: http://www.americanbar.org/publications/blt/2014/04/04a_marin.html
Also, Regulation Z of the Truth In Lending Act (TILA) states that interest may be added to charged off debt ONLY if the creditor (or debt buyer) sends periodic statements to the consumer showing the...
We sue debt collectors under a law called the FDPCA. We are able to do this without charging our clients when they've been wronged. We practice statewide in Oklahoma.
If the creditor or its law firm knew that you declared bankruptcy, the action of continuing with the garnishment may be a violation of the FDCPA entitling you to your money back and up to $1,000 in statutory damages. Please feel free to contact my office for further information.
You may be "judgment proof." However, if you're being sued by a debt buyer who purchased your defaulted student loan, we've had success with getting these types of lawsuits dismissed without our clients having to pay anything to the junk debt buyer. It's also possible that the junk debt buyer has violated the FDCPA in their contacts with you. You should contact an attorney specializing in debt defense to check out your options. Our website is below.
I'm surprised they let you off the lot with a new car, and even more surprised that the dealer hasn't called you after financing failed.
If you've signed nothing with the dealer or a financing company, then it would be difficult for them to sue you for anything. You may just be able to bring the car back to the dealer if you haven't signed any agreement to purchase or if that agreement is contingent upon you obtaining financing.
What the dealer cannot do is call you back in and demand...