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Repo letter


wishFICOwasdead
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i got a letter from a company i had a car loan with concerning a repo. the car was repossed back in 2007. during the repo while i was getting my stuff out the car the tow truck driver starts to drive with me in the car. there was significant damage to the car. the radiator was busted, all four tires were flat there were several dents to the car and some more things.

the company decided that since the police were called they watned the full balance of the car. well i did not have it and had no way of getting it so the car was sold at auction. well in january of 2008 they called and said that they wanted the remaining balance and i said i would settle for half since your "recovery agent" damaged the car. their response was no he didn't and i informed them that i had a police report that says different. which was backed up by witness statements. the lady on the phone said she wanted the full balance and hung up. that was the last time i heard from them

saturday i got a letter from them saying they wanted the remaining balance or they would hire outside counsel. what should my next move be?

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thanks guys i will

now let me ask this question. according to georgia law

When a motor vehicle has been repossessed after default in accordance with Part 5 of Article 9 of the Uniform Commercial Code, the secured party may not recover a deficiency against buyer unless, within ten days after repossession, he forwards by registered or certified mail to address of buyer shown on contract or later designated by buyer, a notice of the intention of secured party to pursue a deficiency claim against buyer. The notice must also advise buyer of right of redemption, and right to demand a public sale of repossessed vehicle. In event buyer exercises right to demand a public sale, he must advise holder in writing of election by registered or certified mail, addressed to holder at address from which holder's notice emanated, within ten days after the posting of the original notice. With election by buyer, holder must dispose of vehicle at a public sale as provided by law, in the state and county where original sale took place, or state and county where vehicle was repossessed, or state and county of buyer's residence, at holder's election. This provides cumulative additional rights and remedies to the Uniform Commercial Code Provisions which must be fulfilled before deficiency claim will lie against a buyer.

i never recieve a certified letter from them should i site that in my letter as well?

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With the Police Report, witness statement, and the fact that you received no letter within the legally alotted time, it looks to me like you have a slam dunk. Are they reporting to your credit file? With your documentation, it looks to me like they have no claim. Therefore, they would not be able to report it to the CRAs.

If she called me and said she wanted the whole, I would tell her to @#%& in one hand want in the other and see which one fills up first.

Just my $.02 worth. I'm not a lawyer, I just play one on TV.

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here is a copy of the letter i was thinking about sending to the lady. tell me what you think is there any thing i have left out or should add?

Dear Ms. Lady

In reference to your letter dated on the date I have not received any official correspondence pertaining to the deficient balance. According to Georgia law:

“When a motor vehicle has been repossessed after default in accordance with Part 5 of Article 9 of the Uniform Commercial Code, the secured party may not recover a deficiency against buyer unless, within ten days after repossession, he forwards by registered or certified mail to address of buyer shown on contract or later designated by buyer, a notice of the intention of secured party to pursue a deficiency claim against buyer. The notice must also advise buyer of right of redemption, and right to demand a public sale of repossessed vehicle.”

I did not receive any such letter. Also I am sure any deficient balance would need to be minus the damage done by your recovery agent as referenced in the attached police report. I look forward to an amicable resolution to this matter

Sincerely,

Me.

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UPDATE!!!!!

The lady called me today and i asked "Is the balance after a deduction for damages done by your recovery agent?" her response was i would have to sue them for that money but they want their money regardless of the damage that was done to the car.

so i think i am going to send off my letter CMRR and await their next move. any suggestions???

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As previously mentioned, you have a slam dunk case. You have evidence that they violated GA law regarding the letter that was never sent and the police report proving their recovery agent damaged the vehicle. I would say check your credit reports. If they are showing any negative TL's at all, see if you can find any violations of the FCRA. When they take you to court, file a counter suit based on the FCRA violations.

They have no right to collect Any money from you since they never sent you the notice of the intention of secured party to pursue a deficiency claim against buyer, as required by the GA Statute you pointed out in an earlier post.

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Why don't you talk with an attorney.

In most if not all states, a repossession must be done "peaceably'...this repo obviously was not.

With the evidence you have, you may well be able to have the entire deficiency balance erased because of the way the creditor and their agent (the repo company) handled this.

However, you wont get that by just asking nicely...you will almost certainly have to sue and I wouldn't do so without a good lawyer on my side.

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i can't afford a lawyer at this time. i have been out of work since july so i have no choice but to do this on my own. so i have read up on the laws of georgia

so i was thinking about drafting a letter citing the laws that were broken in the reposession. should i do that or should i wait until i get sued and state that in my defense?

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i can't afford a lawyer at this time. i have been out of work since july so i have no choice but to do this on my own. so i have read up on the laws of georgia

so i was thinking about drafting a letter citing the laws that were broken in the reposession. should i do that or should i wait until i get sued and state that in my defense?

Wait and see if they try and sue you.

I would use their breach of peace as an affirmative defense

their lack of letter

the lack of explanation of how they calculated the balance

Then counter-sue for the damages to the car.. until the car is in THEIR possession, your insurance would cover it.. so they damaged YOUR car. and got less at auction because of it

There are a lot of angles here to explore

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  • 6 months later...

Got served tonight and I am being sued for the balance of the car plus interest and attorneys fees. According to the letter I am being sued on behalf of the finance company. The letter has 6 paragraphs that I am supposed to respond to. One says I failed to respond to a letter the attorney sent me that I never recieved. Where do I put the part about the repo man wrecking the vehicle and the car being sold in less than 30 days? All help will be appreciated

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............. According to the letter I am being sued on behalf of the finance company. ...........

Is it a letter or a summons?

Who exactly is suing you? Who says they are suing on behalf of the finance company?

What correspondence have you had previously and what was the name of the company on the letter head who sent you that correspondence?

Who is the "lady on the phone", what company does she work for?

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Unless you feel confident in your ability to handle all the procedural issues and various legal problems with this case then I really would suggest that you go find a consumer attorney. Spend all your time annoying them until you find one that will act on a contingency fee for you. The name Americredit will peak some interest make sure you bring it up early in the conversation.

You MUST file an answer and denial to avoid summary judgement by default, do not let time slip by.

Start your search at

http://members.naca.net/findanattorney/

Good luck.

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  • 3 months later...

got a letter in the mail yesterday saying that my court date is in December. The letter also said that we are in the discovery phase and ell evidence should be shared. i will be printing copies of the pictures and sending them a copy of the police report as well. also the letter says i should contact their attorney and try to settle this before we go to court. what do you guys think?

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Get an attorney and fast they are trying to rip you off

Facts:

1. They damage the car

2. They failed to provide you with the notice of intent/deficiency letter/right to cure letter.

3. Check online I believe there is a class action lawsuit in progress against them as well.

4. Keep all notes of dates, time, names, correspondence and conversations you had with them

Good Luck :) on whatever you decide but whatever you do do not miss any hearing dates and always check with your local court house to keep up with the dates dont trust them because a missed court date is a default judgment for them and those suckers are hard to get off of your credit report once there.

Edited by soveu38
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guys here is my motion to dismiss tell me what you think

MOTION TO DISMISS

Defendant James Jones moves the court pursuant to O.C.G.A. § 9-11-12(B) dismiss the above-styled action on the grounds:

1. Plaintiff failed to provide notice of intent to claim deficiency claim

2. Plaintiff failed advise defendant or his right to redemption as well as his right to demand a public sale

3. Plaintiff violated breach of peace law when the vehicle was damaged and the police were called out by the neighbors.

Edited by wishFICOwasdead
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