Alaska Posted January 22, 2008 Report Share Posted January 22, 2008 I joined CIC last year and had decent success by improving my credit around 100pt (Thank you CIC!),before I got overwhelmed by a repo collection for $13K (of course after fees and other junk). Well, I am ready to tackle it now, since I am getting ready to buy a house. My current scores are in mid 6s and my goal is to reach 680 by summer.I hope some of you will be able to shine some light on this subject- I have 1 collection reporting on all 3 CR. It is for a repo that happened in 2003. I went on carfax and found out when the car was sold, so I know that SOL expired in December. It will continue to report until 2010. It seems that 1-2 punch should work as a good strategy, but then I read in "good credit is sexy" that you should send a reposesion dispute letter asking them to provide copies of the legal notices and proof of the commercially reasonable manner of the resale of the subject vehicle etc. I assume that this is the DV letter, right? The sample letter doesn't say that you are disputing anything, just asks for the information. How are you suppose to use this letter?Please let me know before I chicken out again. Thanks in advance.A Link to comment Share on other sites More sharing options...
myscoresawful Posted January 22, 2008 Report Share Posted January 22, 2008 The above is a great tactic if you were not served properly.For example, when my car was repo'd in 2004 in TN, they sent the notice of intent to sale and redemption letter to an old address in CA, which I obviously never received. I received my income tax 6 days after repo and could have redeemed the car, and would have since I had so much already invested in it.By sending the letter to an address 2000 miles from where they knew I was now living, I wasn't able to exercise my right in getting my car back. (I had called, and all they would say was "you will receive notification in the mail". By the time I realized what they had done, the car had already been sold, so by the error (intentional or not) they did not allow me my right to redeem my car.I had to send 3 letters to the CU, (the 3rd one was directly to the CU president) before the defec. collection of $11,000 was finally deleted from my CRs about 4 months ago. They sent me a really nice letter, while not admitting that they were at fault, felt that they would never be able to recover the money so as a show of good will, they were going to delete this permantly and waive the full defc. (right, their was still a year left on the SOL, and they are going to just forgive the $11,000 because they figure they will never recover it? *lol*)...they knew they could be sued and lose money is why they dropped it all. I was just happy to have it all removed from my reports...it would have been heck trying to buy a car with that on it.If you were served properly, it still might be a good thing to do, start in on them with that, and if/when they provide documentation, go another route, try wearing them down. Since your SOL has expired, the worst they can do is keep it on your reports or try to sneak in a judgement, if they do that after you start stirring the pot with validation requests, then just make sure you go to court and point out to the judge that the SOL has expired!Good luck! Link to comment Share on other sites More sharing options...
Magdalen77 Posted January 22, 2008 Report Share Posted January 22, 2008 I'll be very interested in this because I have a repo from 2004. I'm waiting for the SOL to be up before I rattle their cage. That will be in May. Though I'll probably wait a few months just to be sure. Link to comment Share on other sites More sharing options...
Alaska Posted January 24, 2008 Author Report Share Posted January 24, 2008 You know, I cant remember if I was served right or not. My house had burned down, which started the whole mess with not being able to afford things and led to repo. The address they would have used was my house that nobody lived in at the time. I was living at the hotel until the house was rebuilt.The repo guy actually went to my parents house, at around midnight, told them they were police officers and they were going to arrest me. My parents were terrified. So they told them were I was and they came to the hotel at 2am and took the car. I let them take it. It took me 2 yrs to get back in good graces with my parents after that. Living at the hotel with the 2yr old doesn't lend itself to keeping good records, plus the whole time period is a blur now. The chargeoff by OC was 10K, CA wants close to 14KDo you think I should go that route first - ask for proper service information?If they come back with it - ask for DV?I am not sure of the proper sequence....Thanks guys and gals for your support.A Link to comment Share on other sites More sharing options...
Alaska Posted January 24, 2008 Author Report Share Posted January 24, 2008 CA wants 16K with 13.5K being 80% settlement offer on original debt being 10K. They are great friends we have out there LOL Link to comment Share on other sites More sharing options...
Alaska Posted January 24, 2008 Author Report Share Posted January 24, 2008 Information I found here> https://www.nfa.org/RecoveryRequirementsDetail.aspx?id=46 Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted January 24, 2008 Report Share Posted January 24, 2008 You know, I think for a debt this large, I’d seek out an attorney in your area/state who really knows your state’s repossession laws and, therefore, knows exactly what to ask for.I think it would be worth some change to have him/her craft a letter, sent form his office that asks the CA and/or the OC for all the proper documents and information.If the OC did everything right and the CA/OC properly respond, at least you’ll know – it would then simply be a matter of attacking the entry and trying to get it off your reports.If they didn’t do everything right and/or refuse to show that they did, then I think you would have a cause of action (maybe more than one cause of action) or may be able to get this removed from your bureaus a bit more easily.Again, an attorney could be a real help here – a few hundred dollars may save you much more than that in terms of time, headaches and trouble down the road. Link to comment Share on other sites More sharing options...
Magdalen77 Posted January 24, 2008 Report Share Posted January 24, 2008 Information I found here> https://www.nfa.org/RecoveryRequirementsDetail.aspx?id=46Thank you. I need to study and think about my plan of attack in a couple of months. Link to comment Share on other sites More sharing options...
kevin3344 Posted January 25, 2008 Report Share Posted January 25, 2008 This is an excellent site if you wish to dispute a repo. Check out the "Letter to dispute repossession deficiency"http://whychat.5u.com/ Link to comment Share on other sites More sharing options...
Magdalen77 Posted January 25, 2008 Report Share Posted January 25, 2008 This is an excellent site if you wish to dispute a repo. Check out the "Letter to dispute repossession deficiency"http://whychat.5u.com/I've seen this letter before. I was kind of hoping someone would bring it up. I just need to get the correct citations for PA and I'll be ready to go. In my situation I just have the OC, only once did anyone contact me about the deficiency, I told them I paid enough on the car and they must have gotten even more money from selling the car off, I didn't owe them any 9K and I don't have it anyway. I never heard from them again. I've checked and I have no judgements in any county I've lived. Link to comment Share on other sites More sharing options...
Alaska Posted January 28, 2008 Author Report Share Posted January 28, 2008 Mag,I left a msg to my attorney and will post on next action as soon as I hear from him...A Link to comment Share on other sites More sharing options...
myscoresawful Posted January 29, 2008 Report Share Posted January 29, 2008 If you dispute with the OC, they will provide you with copies of their certified letters with either (a), your signature that you recieved the notifications, or ( that they were returned to them without signatures.If (a), then you will know that you must have signed them and just forgot under all the stress and chaos of the home burning down.if (, then you could argue that the house had been burned down and you obviously were not living there when they were mailed. Of course they could argue that it was all the address they had and would have expected you to have your mail held at the PO under a situation like that...or even ©...they can't provide you with copies of anything because they never mailed them for what ever reason. NOW THAT is what you are hoping for.In order for them to prove they attempted to do their part, they have to show copies of the certified letters green card either signed or returned to them (showing post marks that it WAS ACTUALLY mailed). Link to comment Share on other sites More sharing options...
Alaska Posted January 29, 2008 Author Report Share Posted January 29, 2008 Myscoresawful,In your sig - you removed repo def - how did you do it?I am expecting attorney to call tomorrow. Can't wait to put this one behind me. Link to comment Share on other sites More sharing options...
Hellard Posted January 29, 2008 Report Share Posted January 29, 2008 Does anyone know how do get the VIN # for a car that has already been repo'ed? I dont think i have any paperwork from purchasing the car. Link to comment Share on other sites More sharing options...
Magdalen77 Posted January 29, 2008 Report Share Posted January 29, 2008 Mag,I left a msg to my attorney and will post on next action as soon as I hear from him...AI'll be looking forward to any info you get. Link to comment Share on other sites More sharing options...
Magdalen77 Posted January 29, 2008 Report Share Posted January 29, 2008 Does anyone know how do get the VIN # for a car that has already been repo'ed? I dont think i have any paperwork from purchasing the car.Could you find any old insurance policies or vehicle registration cards. i Usually the VIN is on those. I had a copy of my title so I was able to track my car down through Carfax, in general terms. It's alive and well and living in Maryland. Link to comment Share on other sites More sharing options...
Alaska Posted January 30, 2008 Author Report Share Posted January 30, 2008 You can also call insurance company - they should be able to look up ur policy with you ssn# and give you VIN# Link to comment Share on other sites More sharing options...
Hellard Posted January 30, 2008 Report Share Posted January 30, 2008 You can also call insurance company - they should be able to look up ur policy with you ssn# and give you VIN#If i can remember who my insurance was with 3 years ago!! I can barely remember yesterday. I will have to dig thru old papers and find a needle in the haystack. --- i was able after diputing NOT mine to have the CA of my repo removed from EQ & EX- TU says "previous verified" I will have to get nasty with them. So whats left now in the OC showing chargeoff 0 balance..can they still come after me for this...dont want to dipsute with OC if it could back fire on me .. Link to comment Share on other sites More sharing options...
Hellard Posted January 31, 2008 Report Share Posted January 31, 2008 i got the VIN number found out the car was turned into a lease (owner 3) (i was owner 2) on 07/08/05..then sold at auction 07/20/05 ( my BD what a gift huh!!) Owner 4 bought car in MD 2/7/06. So when does the 4 year sol start? Hey mag- maybe my repo is neighors with yours. Link to comment Share on other sites More sharing options...
NASCAR_Devil Posted January 31, 2008 Report Share Posted January 31, 2008 Does anyone know how do get the VIN # for a car that has already been repo'ed? I dont think i have any paperwork from purchasing the car.Old insurance cards? Link to comment Share on other sites More sharing options...
Hellard Posted January 31, 2008 Report Share Posted January 31, 2008 Old insurance cards?thanks but i got it - see my post above yours..maybe you can answer my sol question? Link to comment Share on other sites More sharing options...
Magdalen77 Posted February 23, 2008 Report Share Posted February 23, 2008 i got the VIN number found out the car was turned into a lease (owner 3) (i was owner 2) on 07/08/05..then sold at auction 07/20/05 ( my BD what a gift huh!!) Owner 4 bought car in MD 2/7/06. So when does the 4 year sol start? Hey mag- maybe my repo is neighors with yours.Yeah, they're probably hanging out together in MD, drinking some beers.On a serious note, since I last posted in this thread a CA has contacted me about the repo (drat). They haven't sent me anything yet. I told the lady that I didn't want to deal with this issue over the phone, please send me a letter. She's just been calling every day, both at my job and at my house. I've been keeping records of the calls. I don't know if it violates the FDCPA for her to continue to call after I asked her not to. But, I'll have the evidence if it does. Link to comment Share on other sites More sharing options...
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