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Wells Fargo Dealer Services Repossesed my Car in Dec 2010 for missing 2 payments. I was sent a Notice of intent to sell property and in it it an option to Reinstate if I paid the remaining balance plus any fees added. So i Paid the amount owed in its totality and in a few days recovered my vehicle and later was sent the Pink Slip. Now this shows up on my Credit Report as a Repossession, even though I reinstated the contract. 1. What options do I have at this point to repair this account on my report? Account Name: WFDS/WDS ACCOUNT TYPE: Auto Loan Closed Experian shows as Paid was past due 120 days Equifax shows as At least 120 days or more than 4 payments past due/ Paid Account Zero Balance Transunion shows as Repossession / Closed

Hello, This is the first time i am posting here as this is also the first time i have had anything in collections. I received a phone call from a said collections agency stating that i owe money to them regarding damage done to a Hertz rental vehicle in November of 2016. I asked him for more details on the matter and after putting me on a 3 minute hold he said he would have to gather paperwork and could have it emailed to me. I still have not yet received the email so i have no idea what this is referring to. I have never rented a car before as i am 23 years old so i know it has nothing to do with me. From the sounds of things they could have the wrong person. I asked if there were any police reports or anything and he couldn't answer the question. What should i do? I just looked and the collections agency appeared on my credit report. I want to get this disputed because I'm in the process of buying a house and this cannot be on there! Thank you.

Yesterday I got into an accident, and based on my description over the phone, my insurance agent (GEICO) told me that there is a high possibility of total loss. However, I won't be sure until a GEICO inspector takes a look at it. The accident took place on 12/22, so I won't get any news until after the Christmas holiday weekend. (Monday would be 12/28) I'm currently over a month (but less than two) late on my car payment. When I called my loan company to tell them what had happened, they told me that my car was currently in "collections/repo status" and that my car insurance may deny my claim based on this fact, so I need to make my payment asap. Does anyone know how much of what my loan company is telling me is true? Could they just want the money as soon as possible because the insurance process takes too long? I understand that if I am upside down on the loan, I'm still on the hook for the remaining balance, but, again, I wouldn't know if that is the case for sure until after the inspection. Bottom line: am I really in "collections/repo" status if I am still making payments to my loan company and not a collections agency? And if I am in that status, is it true that GEICO may deny my claim due to it? I'd like to save this money for the holidays (and possibly a new car), if the insurance can take care of it instead of me.

Car in danger of being repossessed? Don't panic.Ask your lender to "re-age" the loan. Re-aging car payments puts those in arrears at the end of the loan making your account current. You pay a small interest fee and move on. The bank doesn't want your car. It's a depreciating asset that sells for pennies at auction. Be nice when you call the lender. REMEMBER... "The force has a strong influence on the weak minded" (Starwars) Be smart, be polite and let them know you are "aware" that this solution exists. If you're no more than 3 payments behind it should be a simple thing to make happen. May The Schwartz Be With You!!