DV'd a repo with no response--now what?

[confusedinms]

I DV'd a repo that was sent to a CA. It was a timely DV. It's been more than 30 days and they have not responded with anything. The repo was voluntary, occurred in Texas, and I never got a bill of sale from the auction. The item is listed under the OC. Should I now CMRRR the OC, or should I send another request to the CA? Or can I give it a couple of more days and hit the big 3 with a request for deletion? I am scared of shooting myself in the foot, here...

Thanks guys!!!!

[myscoresawful]

I DV'd a repo that was sent to a CA. It was a timely DV. It's been more than 30 days and they have not responded with anything. The repo was voluntary, occurred in Texas, and I never got a bill of sale from the auction. The item is listed under the OC. Should I now CMRRR the OC, or should I send another request to the CA? Or can I give it a couple of more days and hit the big 3 with a request for deletion? I am scared of shooting myself in the foot, here...

Thanks guys!!!!

I'm not familiar with "voluntary" repos, but I've heard that in some states, you lose some of your rights, such as a redeemption period, since that would obviously be a moot point.

If the car was sold, you should have received a def. notice. You can contact the OC to dispute, asking them to investigate and provide you with copies of letters that were sent to you (I believe they must send them CMRRR, so should have copies of that as well). If they don't have this, you could have them on a violation of not being properly served.

[Robert Nashville/Savannah]

If a DV is sent “timely”, the CA only has to provide validation IF they wish to continue their collection activity…the can choose to not provide anything to you and just go away if they wish. That said, the DV process isn’t usually a “one letter” deal…your response depends on how/if/when the CA responds…if pursuing the DV process makes sense for you then the next step is a follow-up letter reminding them that they haven’t supplied any validation and giving them a few (perhaps 15) more days to reply…if you don’t get a reply to that then you can send the final (you hope) letter.

I’m not sure what your ultimate goal here is but you need to realize that a car repossession is a very serious hit to your credit history (it doesn’t matter if it was voluntary or not); and since this is obviously a pretty “valid” debt (and probably a significant amount of money); you aren’t likely going to get this off your bureaus anytime soon.

With that in mind, if they aren’t pursuing you I’d just be thankful and leave them alone.

If they are pursuing you then do what you have to do to protect your rights but you need to be thinking about settling this debt in the most beneficial way you can.