user33658 Posted September 24, 2003 Report Share Posted September 24, 2003 Wouldn't there be proof that the car was once registered in my name? Link to comment Share on other sites More sharing options...
kb9tbq Posted September 24, 2003 Report Share Posted September 24, 2003 How old is the repo?Yes.. most likely unfortunately. Link to comment Share on other sites More sharing options...
user33658 Posted September 24, 2003 Author Report Share Posted September 24, 2003 I've already sent the OC a settlement letter, which they did not accept the terms of. Can they use that offer against me?I'm seriously thinking about getting a lawyer on this one. Link to comment Share on other sites More sharing options...
Larry357 Posted September 24, 2003 Report Share Posted September 24, 2003 What is the SOL for this loan? How much do you owe on it and what was your settlement offer. Link to comment Share on other sites More sharing options...
user33658 Posted September 24, 2003 Author Report Share Posted September 24, 2003 I guess the SOL is 6 years for Alabama. Because of the extinuating circumstances involved with this repo, I offered to settle for $500 and deletion, they refused the offer and counteroffered for $1000.I'm not sure what the original amount of the car was (my CR shows $3257) with $2581 past due. I only had the car less than 1 month and had to take it back 4 times to be fixed (the first time only two days after i got it) I put a $500 down payment and paid one month. The dealer says they sold the car for scrap. Not sure what to do now. I really dont want to pay these people anything. You would not beleive how they ripped me off. That car was sold 4 time in a 5 month time frame before they sold it to me. I found on www.ripoffreport.com where the person that had the car before me was complaining about how the dealer ripped them off and now they have a repo on their report also. Too bad I only found all this out after they ripped me off. Link to comment Share on other sites More sharing options...
user33658 Posted September 24, 2003 Author Report Share Posted September 24, 2003 When I send the DV letter, what information is considered full DV.If I request the info below, are they require to give it to me and what's stopping them from forging information.I would like to have:-copies of the original contract and documents containing my signature-copies of the repossession documents -an explanation of all the fees and cost associated with the repo.-How much the car was sold for. Link to comment Share on other sites More sharing options...
Pale Rider Posted September 24, 2003 Report Share Posted September 24, 2003 http://www.lawdog.com/states/al/st1i.htmCheck the link above for info on your state. I have heard some say that a repo SOL is 2 years under UCC statutes, but was never able to confirm this. Most cases I have read, the SOL is 4 years under UCC.You may have some leverage if they did not follow the procedures correctly. Link to comment Share on other sites More sharing options...
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