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I leased a 2015 Nissan Altima in 2015 with 77 miles on it. A few months after I bought the car I had a lapse in my insurance and during that time was involved in an accident, I was unable to drive the car anymore and was unable to afford to get the car fixed without the insurance. Eventually, the car was repossessed and I moved on. Shortly after they sent me a letter stating that I owed $26,913 on the car, this is also reported on my credit. I am now (4 years later) trying to buy my first home, but having this on my credit is really hurting my chances. Does anyone have any experience with Nissan? Has anyone had anything similar? I am looking to see if there is something I can do to help me get past this. It is currently reported on my credit as a charge off but the amount owed is what is hurting my chances for buying because it is still showing as an "Active care payment" according to the lender I am working with. Please if anyone has any suggestions please let me know.

Today I received a summons at 6:40 in the morning (that was a great wake up call). It stated I was being sued by Gurstel Chargo who were representing Razor Capital. They are suing us for a car that was repossessed in 2014. In the documents they showed the original contract, the letter stating it was going up for sale (no exact date or time just sometime after July 21) and that if j wanted to stop repossession I would have to call them to find out the amount of money. I had never received notice of any belongings I had or how to get them etc. fast forward apparently the car was sold late August and supposedly they sent me a deficiency letter 10 months later ( I never received it but it was attached in the court documents). The debt was sold at least 3 times according to the bills of sales attached to the lawsuit. This is a new situation for me and honestly I have no clue to go about it. Does anyone have advice for me?

Hi everyone! This is my first time posting, but I've used this site to get my credit score up from a 503 in the beginning of 2015 to a 633 today! Pretty awesome. The last thing that need to get handled on my credit report is a car that was repossessed in 2013. However, the interesting thing is that on my credit report it isn't showing as a repo, it's just showing as a delinquent loan. It's about $10,000 with Regional Acceptance. I know I'm going to have to pay them, however I'm worried that if I contact the company it will be reported as a repo so I'm not sure how to approach this situation. Any advice would be greatly appreciated!

Hi everyone! This is my first time posting, but I've used this site to get my credit score up from a 503 in the beginning of 2015 to a 633 today! Pretty awesome. The last thing that need to get handled on my credit report is a car that was repossessed in 2013. However, the interesting thing is that on my credit report it isn't showing as a repo, it's just showing as a delinquent loan. It's about $10,000 with Regional Acceptance. I know I'm going to have to pay them, however I'm worried that if I contact the company it will be reported as a repo and I would prefer to avoid that if it's possible. So I'm really not sure how to approach this situation. Any advice would be greatly appreciated!

Hi everyone, I sure hope that I'm posting this in the right place. I had some questions about credit reports, collections, and closed accounts. So here's the thing: Before my wife and I met, she had a car loan and then lost her job. The car was repossessed and then sold at an auction. The company wanted her to pay the difference between her loan and what the car was sold for. She still did not have work so it didn't go over well. Eventually she stopped receiving bills and contact of any kind. I'm trying to figure out what the statute of limitation for collections is (in NV it appears to be 6 years). From what I have read, after the statute of limitations, a collector can't sue you to collect on a debt? When does the limitations start, according to what's on the credit report? Is it the date the original account was closed? Also, if the company does try to go after her and take things away in order to collect, the can't take our current car that has both of our names on it, can they? What are the odds that they will try to collect before the limitation runs out (by suing)? We have not heard from them since 2010. Please help. I'm concerned and have no idea what to do here. If you need any additional info, please ask.

I sent Santander a version of WhyChat's letter. They didn't give any of the notices required by UCC laws to claim a deficiency for the car they repossessed and sold. So I sent the letter and a few days later, they sold the debt to Cascade. I guess I wait for letters and dispute. Any advise??

Need help with a JDB in South Dakota, I apologize if this is in the wrong place!! What happen; Car repo in 2011 Bankster sold vehicle Bankster notified me of this action Heard nothing else from them Where it’s at; Received summons & complaint in 2014 to an action to this from an atty. Representing a collection agency. I had received noting else from them previous to this S&C Notified them of this and asked for a validation and never to contact me again until they do produce. Received some documents but not the ones I was looking for because on my credit report it has a different acct.# than what the bank had sent me when asking for verification from them also I received a doc. Stating is was assigned where there stating it was purchased. (see violations). Sent them an insufficient validation notice saying there missing doc. Essentially telling them there not proving standing to file this suit. Received a couple months later some more doc. And there the same as what I had received but also interrogatories to questions about my life. I’m now in the process of sending them the 2nd notice of insufficient validation, basically telling them I’m not at liberty to reveal this information at this time and that I don’t wish to be a part of there fishing expedition. But also they haven’t sent me the docs I want showing they have standing to file. I do plan on sending them a day later an admittance letter getting them to admit they don’t have the docs. I seek. WF sold to Autovest & is the JDB that hired the atty. and this is an adhesion contract. Violations of the FDCPA I think are valid. Your input is welcome! Remember I had no previous notifications from them and I have a witness to this! Precedent opinion: Lesher v. Law Office of Mitchell N. Kay, P.C Use of their law firm letterhead in making initial debt collection contact violates FDCPA specifically 15 USC 1692e § 807. False or misleading representations. 15 U.S. Code § 1692g - Validation of debts They haven’t even proved standing to file suit This is questionable! 233 F. 3d 469 - Craig Gearing v. Check Brokerage Corporation Drew T Erwin Can’t be both the assignee and the purchaser. My plan of attack; File a counterclaim in federal court on these violations and looking for any and all advice! What to put in this is where I’m having trouble. Keep in mind I’ve done nothing but read and my mind is boggled at this point!! I do have the contract between WFFI & auto vest I found online and they are playing nasty with me!! Your questions are welcome and I’ll do my best to answer them to assist me! Thanks

I've been working on my fiance's credit score since I've long cleaned up mine and I'm a bit worried about one account that he has on there from an old auto loan/repo date of last payment in 03/2009. We are in Georgia and the SOL is 6 years. He is not worried as he said he was served while he was living with his sister and her sister in law was visiting and told the police that he did not live there because she didn't know any better. I guess this was in 2010 this occurred. The account is showing charged off as of now. Will trying to rebuild his credit alert them to come after? Is it strange that they have not sold the account to a collector as of yet? Is there anything that I should do like opt out, have his address deleted, employer info deleted? I am thinking of adding his phone number to his credit report to lure someone to violate the TCPA or FDCPA just in case since I've won a TCPA case before and I know how this works. Or should we contact them and try to work it out before something happens? This last thing seems like the right thing to do but I'm not sure how that would work out. Back Story: Like so many in the construction Industry, he was laid off and couldn't find work. He was out of work for about 4 to 5 years except for temp and odd jobs. He filed bankruptcy in 2007. Thanks in advance for you advice! I know is sounds crappy to want to avoid paying back the debt but he has to be on stable ground before that occurs.