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  1. I posted a thread in the general credit forum but figured this may be more appropriate for the automotive, so I apologize for the cross post: So my question is about this settlement: http://santandermultistateagsettlement.com/Home/portalid/0 I had an SUV repo’d in summer of 2017 (originally purchased in 2012). Since I handed over the keys when they picked it up, I guess they considered it voluntary, so it’s listed as a charge-off. I just wrapped up a divorce at the time and I kept the vehicle as a result but it was still in both me and my ex-spouse’s name at
  2. I have a friend who currently still have a vehicle but the debt was charged off and sold? Shes paying some company who claim to be collections but they havent sent any proof of the original loan. Her credit report shows the original loan charged-off.
  3. I was wondering if anybody could help a close friend with this. He unfortunately answered to a buy here pay here place and took his car ($8k value) and traded it in for a car he thought was in pristine condition from a guy who has a foreign name sounds like hes from Nigeria or something. Even though the guy was selling his cars outside of an old office building, my friend gave him the benefit of the doubt because, well entrepreneurship right? The problem is the next day all the check engine lights and a bunch of safety airbag etc. errors came up. He called the guy right away and t
  4. Hello, I was trying to find out some type of understanding on repossessed vehicles in the state of Virginia. I would like to ask is it legal for a loan company to charge interest on a repossessed auto loan that has been written off as uncollectable? I had a bad health situation last year and we lost our main car. I remember receiving one notice stating that I owed like $5000 but now on my credit it is stating that I owe like $22,000. The vehicle was sold last year in November at a repo auction. It was a new model vehicle in excellent condition and the loan balance at the time o
  5. Hello, Ok...ok don't laugh at me too hard. I know it sounds crazy but IF....I could pull this off and of course potential ramifications come into play; so let me have it to keep me focused. Scenario--- I have a Santander account at $1800 that was written off and sold to NCB. Both are not scheduled to fall off my credit reports until mid year 2020. The car, well for all argument sake, will run and has a great deal of sentimental value to me (and my daughter). Yes, I know it is a piece of metal that can be replaced. MarvBear has been helping me over in the
  6. Hello Everyone, I used information I learned in here about 6-7 years ago to help rebuild/repair my credit. Not too long after, I loss my job/unable to work due to my disabilities. This caused extreme hardships to living in my vehicle. The VA has helped me and now I am in a position to repair/fix my credit again. During this process my over 721 credit score went down to 535 according to myfico TU. I have 4 credit cards and 1 vehicle(gonna call these the "5"), all which have been charged off. 2 of these (1 credit card and Santander) have been sent to other collection agencies on my
  7. I received a "NOTICE OF DISPOSITION AND OUR PLAN TO SELL PROPERTY" dated 4/16/2018 sent via certified mail. I responded via certified mail within the 10 day timeline stated in the letter requesting a public sale of the property. I did not receive a reply back either via telephone or in writing stating the date the sale was to take place. I received a letter stating that the property was sold on 5/8/2018 via certified mail for $18,000. I received a letter dated 5/15/2018 sent via certified mail stating that the property would be sold on 5/28/2018. This letter was sent AFTER I r
  8. I am hoping to find some good help In Nevada, I had my car repo’d from coming out of divorce, nothing I could do… it seemed like the best move. anyway to make a long story short. After the Repo about 3 months later I received a letter for the bank notice to pay in full and they will be selling the car, then nothing for 9 months. I get a letter from a collection company wanting $13,600 I respond with this > Dear Mr. Recoveries Thanks for your letter I just received it. Sorry for the delay in returning correspondence I am currently struggling with unemployment and homelessness
  9. Hello Everyone, I hope someone can help me, Im in desperate need. I have a collection/charge off on my credit report that I have disputed a few times over the years but it seems to always update with the incorrect information. I brought a car with Drive Financial in January of 2005, I guess it transfered over to Santander. The car was reposessed in 2007 (not sure of the month) and charged off in March of 2008. This is a lender credit report so maybe the dates will actually show correct on a standard credit report. The Reported date is incorrect and has been incorrect for many years.
  10. Hi All, I have Wells Fargo auto loan reporting repo but recovered on my credit file. I did recover my truck which is now paid off now. Paid off July 2013. Question is if there any way i can repo from my file. Perhaps a GW letter suggestions.
  11. I am almost 2 payments behind on my car loan (2 months behind as of next week) due to a cut back in hours at my job. I've been juggling things as best I can over the last 4 months, but I have just been notified that my position is not going to be budgeted for summer (June through August) and I am not sure what my hours will be afterwards beginning in Sept. I am seeking other employment, but no prospects as yet. Further, I have a ton of medical bills due to a surgery my son had to have about 9 months ago. I am strongly considering voluntary repo on the car, as I'm pretty sure that's wh
  12. I followed whychats program. oped out, deleted addresses. Sent first letter to OC. Waited. Sent letters to CRAs. CRA just informed me that the debt is valid. Now I have a voice mail from OC (auto loan company) for them to call back. I called and the service states it's OC's recovery department. I'm in Illinois, the debt is still with OC and the loan is about 5 years old.
  13. I was nosing through my reports and taking a look at my repo. The high balance on one reports the original amount of the car loan. I was thinking since the original contract was voided by the repo the high balance should be no more than the CO amount? I'm just looking for crap to dispute since I have nothing going on now. Thoughts?
  14. I'm starting to research they Whychat method of repo deletion. I've opted out. I've disputed addresses (not much luck) and now researching state laws etc. Purchased my Carfax report today and I do not see an auction for my car. Background: Car was repo'd 4 years ago in Illinois in Febuary or March of 2010. My credit reports show CO in April. I am 99.9% confident I did not recieve any notices of auction. I did not know where they took it. I did not have the ability to get my articles out of the car. I was so upset/embarrased that I ignored it (SMH) and just figured I had no chance of ge
  15. Happy New Year Everyone! Down to the last three stubborn baddies! I followed the Whychat method for a 2009 repo. I sent the 1st letter to the OC, since they were the only ones reporting and when they didn't respond, I sent the 2nd letter to all 3 CRA's. Last week, I get an alert back from EQ saying they verified it and also put the old address back attached to the tradeline. Still haven't heard anything from TU and EX. I'm in Californa so it's out of SOL. Where should I turn next? All advice is much appreciated!
  16. Quick question. Can a charged off repo remain in open status if the OC has not sold it and the CO was over 4 years ago? It had previously been reported closed on at least 1 of 3 reports in Oct 2009. Thanks
  17. I have a six year old repo stating my date of last payment was 11/2007 by the original dealer who is still in business. I believe it was six months prior. Anyway it states date reported 08/01/2009 on Eqifax. Anybody know of a good strategy here? I have another year remaining but would like this off! Thank you and Happy Thnaksgiving!
  18. So I've been working the whychat repo process and here's whats happening so far. I opted out and deleted old addresses. I sent the initial CRA dispute which came back verified. I sent the whychat repo letter. Santander did not respond at all. After 14 days plus a couple to take into account mail speed I fired off whychat's followup dispute to all 3 CRA's. Eq and TU are investigating. Experian sent me the following letter. "If you question the results of our dispute process, then you may want to contact the furnisher of information directly or review the original informat
  19. Hi All. This forum has been extremely helpful over the last six months and has helped me clean up my credit. I do need some advice on handling my Wells repo.. I have read Why Chat's repo program and I want to make sure that's the route I should take in my situation. I'll try to keep it short. Bought and Repo in Washington State, now live in Illinois Deficiency bal reported on reports: 6700 Original loan around 10500 before junk fees and ext warranty Had it for 16 months before repo, $279 mo/payments Still reporting CO monthly on all 3 reports by Wells Never reported
  20. I used the Whychat letter on my vol repo. I received a canned reply from the OC, which basically said, "If you have a dispute, contact the CRA's directly." So I sent the follow up letter to TU, almost a month ago, which was ignored. I never received a response from TU from the follow up letter. Yesterday when pulling my reports I noticed my TU tanked 30 points. I knew immediately why, and of course, the OC has now updated my reports as current, with a few hundred dollars added to the outstanding balance (prior to the letters they hadn't updated the TL since 2010). Basic info: repo 200
  21. I have a question... I am trying to help a friend clear a repo on her credit. It is from 2.5 years ago. The $26k (crazy, I know) note was carried by the lot and they were given a company car so no longer needed the vehicle. They contacted the car lot who told them it was no problem to bring it back and nothing derogatory would be placed on their credit. Now, years down the road, they find a $20,000 collection on their credit reports. I was reading up in Whychat's repo letter to suggest to them, but my questions are this... They spoke with the lot and took the vehicle back with the understa
  22. I'm not really sure what I should be looking for on this account, so I'm hoping for some input. Cliff Notes Version: My old vehicle was financed with Citi and I ran into trouble making payments while I was out of work so I took some deferments, partial payment offers, etc. to prevent lates on the account. Citi did not record the arrangements and the loan was sold to Santander and by the time I found out what was going on it was in repo status. I paid it off and prevented the repo but now I'm thinking of looking for another car, I'm thinking the status on this will make it more difficul
  23. So I have done a lot of reading, to include state statutes, and can't seem to find an answer to my question. for Arizona regarding repossession, Administrative code 17, chapter 5 section 407, it states "A lienholder may sell a repossessed vehicle" but nowhere states that it must be resold. DriveTime repossessed my vehicle through a voluntary repossession but I never received a notice of sale and according to the law since I payed over $500 there would have to be a public notice of resale right? The amount reported on my cr's are identical to the amount owed at the time of repossession, not
  24. I posted a few weeks ago about our house buying dilemma... the main issue is, my husband has an old charge off from a car he co-signed on with his ex that was repo'd in 2008, for about $6000. I was asking if anyone thought we could qualify with that charge off and got several responses that we may be able to get through underwriting without paying the balance, as it's past SOL and cannot affect the title. So, we have our pre-qualification and are now looking at houses. There are several we are interested in, and are hoping we will be making an offer within a week or so.... but. I'm SO wor
  25. Well, my husband and I have been working on getting into our first home for over a year. I have mostly just been working on getting his credit fixed. It was very low 500's when we started this journey and I have it up to the mid-high 600's now. Last I checked our broker said his qualifying score is 657 and mine is 770. We had been thinking about getting into a loan under my income alone, so his score wouldn't affect our rate, but that puts our loan at a max of about 200k with our 10% down payment. We are hoping to go just a little higher, at about 210-240k and so here we are trying to figure o
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