Archived
Can I sue a credit card company for every month they reported a balance on my credit reports for a sold debt?
Elizabeth's answer
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Answered on February 01, 2014
Usually when a debt is sold the original creditor's report will still appear on your credit report but it will show as "purchased by another...
Archived
I had a car repossessed that did not work. The loan company said that they were going to sell it. I received a letter from
Elizabeth's answer
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Answered on January 10, 2011
Yes, but it may also include repossession fees, storage fees, etc., based on what the contract and state law allows. But you may have a good...
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Archived
I had a car repo'ed about a year ago. my credit report shows that it was a write off. Can they come back and sue me after a year
Elizabeth's answer
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Answered on October 25, 2010
You may have a good defense to the bank's claim for a deficiency (the amount remaining after the car is sold), if the bank did not follow all of...
Archived
What is going to happen after reaffirming a vehicle and falling behind after discharge and getting car repoed?
Elizabeth's answer
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Answered on October 06, 2010
Keep in mind that you may have valid legal defenses to a deficiency. State law requires a lender to send you and your son a notice after the...
Archived
Deficiency balance on a vehicle in virginia
Elizabeth's answer
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Answered on September 29, 2010
Assuming a judgment has not yet been taken against you, you may have valid legal defenses to the judgment. State law requires a lender to send you...
Archived
If a car is repo the payoff amount is 4255.15 and it goes to action is there a certain amount the bank has to sell it
Elizabeth's answer
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Answered on September 01, 2010
There is not usually a minimum sale amount, but your should be aware that you may have valid defenses in the event that the lender pursues you for...
Archived
Can I be sued after my ex-wife's car was repoed.
Elizabeth's answer
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Answered on May 28, 2010
In addition to the possible claims based on the divorce decree, you may have a defense to a deficiency - assuming there is one after the car is...
Archived
When a bank repossess a vehicle, sell it a auction and the bank notifies me of the balance due , what should my next step be?
Elizabeth's answer
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Answered on May 25, 2010
Usually when a car is repossessed and sold, and the sale price is less than the amount owed, the borrower will be liable for the difference, or...
Archived
Can my truck be reposess if I'm making
some type of payment on it from chrysler financial
Elizabeth's answer
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Answered on May 11, 2010
Unfortunately, if you are 3-4 payments behind, generally the lender has the right to repossess your car because you are in default of your...
Archived
After reposessing my motorcycle, HSBC wants me to pay the balance. Am I obligated to do this?
Elizabeth's answer
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Answered on April 28, 2010
It sounds like they may not have sold your motorcycle yet and the bill they sent gives you the amount to reinstate your loan. This is the amount...
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