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Reposession from 2001 and Credit Repair newbie


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Hello all!

In 2001 while attending college, I foolishly made a purchase of a motorcycle thinking my little part-time job would pay for it. Not only did I get the bike, but I ended up maxing out 2 credit cards for the bike's accessories. This was the worst mistake i have ever made. Well, i was able to make about 3 payments until my job cut back on hours. I called the leinholder (Conseco Finance) about my situation and the rep just wanted me to send what I could. Ok. months past and I am getting threating phone calls from this guy at my job and at home. He calls all day trying to get ahold of my manager trying to verify employment and all. So later I called to speak with his supervisor and she turned out to be a total :evil: B$#% also. She said to me, they have a right to do anything to get me to pay. OK DUMB a$$, with what? Money on trees? Sure Ill grow one!! With that being said, I did not know what else to do but file a complaint with the BBB in that state Conseco resided in. After weeks I heard nothing until later a flat-bed and 2 guys come to the house with the notice if I payed about $500 they would not repo my bike (the guys were very nice. I had 10-days to change my mind or pay or whatever and get my bike back)

I did not have it so he wrote it down as a VOLUNTEER repo (not that made a difference).

It is 2005 and I still get letters from the different collectors who have bought the Conseco account. Funny thing is though, I recieved a letter that they auctioned the bike for exactly what I owed so why should I have to pay taxes/transportation/late fees of over $2k???? :?: If i pay i wont ever get my bike back. I need to get this off of my credit because I want to buy a house soon. Since then, I have not had my credit pulled at all. If I could not buy it with cash, I did not bother.

As for the Credit cards I settled them. I also need off this a Sprint cellphone (which representatives called my job and threatend me also).

I see so many "PAY $100 an we will clean your CREDIT" here in my hometown. I dont trust them.

I have student loans which I am paying back (I am up to date), Richs-Macy's card (up-date) and a discover card which I do not use. I dont know what my reports look like since I dont want to do anymore damage than I have to.

Please, if anyone out there can help get these 3 blemishes off of my credit, you will make me the happiest guy in the world.

I am planning to get married soon and I just hate to be married with BAD credit.



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If Conseco sold the account when they went belly-up, and they received enough money to cover the bike, what did they sell?

The debt was purchased by a JDB (Junk Debt Buyer). Read this carefully - it will tell you how to word your letter to them.

Coppola v. Arrow Financial Services, 302CV577, 2002 WL 32173704(D.Conn., Oct. 29, 2002) – Information relating to the purchase of a bad debt is not proprietary or burdensome. Debtor must phrase their request clearly to obtain: The source of a debt and the amount a bad debt buyer paid for plaintiff’s debt, how amount sought was calculated, where in issue a list of reports to credit bureaus, and documents conferring authority on defendant to collect debt.

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what did they sell is the same thing I was wondering also.

But as far as writing a letter, if another notice comes from a credit agency who bought the account, would they be the ones to write to the letter to? or has my SOL expired since I live in SC or is that for where the account resided?

Thank you for the reply!

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