luperu123 Posted October 13, 2004 Report Share Posted October 13, 2004 A repo shows up on my credit report whats the best way to fight it or how do you find out the real amount owed? Link to comment Share on other sites More sharing options...
goodmank Posted October 14, 2004 Report Share Posted October 14, 2004 I would start with disputing the tl with the cb Link to comment Share on other sites More sharing options...
luperu123 Posted October 14, 2004 Author Report Share Posted October 14, 2004 TL Link to comment Share on other sites More sharing options...
c m chase Posted October 14, 2004 Report Share Posted October 14, 2004 TL - tradeline. Just another name for account listing on your credit report.Have you disputed the repo at all yet? Try that first....send in a dispute to all three CRAs saying 'this account is not mine'. Sometimes you get lucky and get a delete that way.If you want to find out the amount owed, call the car company (or whoever you financed through) - they'd know. Link to comment Share on other sites More sharing options...
luperu123 Posted November 17, 2004 Author Report Share Posted November 17, 2004 I am not sure how to about disputing the repo without "setting off alarms" I have doing research and found out California law requires that the consumer be sent a notice either by personal service or by certified mail. It must be sent or delivered to the consumer within 60 days of the repossession. It is called a Notice of Intent to Dispose of Vehicle. Done properly, it informs the consumer how much is owed, how much it will cost get the car back, where to go to get the car back, and important information that is vital to protect your rights and preserve any defenses you have to a claim by the lender to a deficiency judgment. How can I use this to my advantage to get them off my credit report? Link to comment Share on other sites More sharing options...
Frisbee Posted November 18, 2004 Report Share Posted November 18, 2004 Getting a repo off your report is difficult. You have already done some good research. Look up your state statutes under secured debt. You will find everything they needed to do for the repo to be considered "legal". They NEVER get it right...trust me.Also, I am pretty sure that CA does not allow for a deficiency balance to be collected. Look into that. To find out what happened to your car go to www.carfax.com. You will need your VIN....get that from old insurance paper work, loan papers, etc. You will not be able to see what price it sold for though. To get all the info on your car you'll need to visit your "main" dmv. They will charge you for a report....So back to your problem: The way I see it, most repo's are done "illegally"...that is to say, the banks, etc do NOT give you the right sequence of paperwork necessary to your state laws. SO....my thinking is that since they can never collect a Def Bal. from a consumer who bothers to learn the law, they have their fun screwing up your CR....and it works very well. UNLESS your T/L is reporting wrong....you got a problem. Using the "not mine" should be ok because they probably can NOT collect the Def. Bal. in CA or can't because you (will) know the law. Learn first and then attack.Try the not mine and when that doesn't work....dig in and give them hell!!!!Good luck. Link to comment Share on other sites More sharing options...
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