The last post in this topic was posted 2596 days ago.
We strongly encourage you to start a new post instead of replying to this one.
I filed BK13 back in 2010. DriveTime was included in that. I had the BK dismissed in 2011 because I couldn't maintain the high payments. Since then, they had been reporting an outstanding balance of $8,494.37, even though I originally owed $15K+ on the car that I voluntarily surrendered right before the BK13. This leads me to believe they re-sold the car and this is the outstanding balance. I never actually got any paperwork saying they did that, though.
In January 2013 DriveTime sent me a letter offering to settle with me for 10% of the $8,494.37 balance, so they were willing to take $849.44, and they would update the CRA's to reflect my account as "settled" (their word). By this time I had just purchased a new car a month before, so I am assuming they must have realized the likelihood of me paying them was slim and none. I never responded to the settlement offer.
Now I am looking at it again and thinking they may be willing to do a PFD now, if they were willing to settle for so little back then. My thought is that they have probably all but written this off and they aren't expecting anything from me, so they would be more amenable to a PFD to collect on an account that they had written off.
My questions are:
1. Does my rationale make sense, or am I dreaming? I know DriveTime is supposed to notoriously difficult to deal with.
2. Has anyone out there had any success in getting DriveTime to do a PFD? If so, how did you get them to do it?
Any help would be greatly appreciated because I'm in rebuilding mode and would love to get them off my credit, or at least have them reflect more positively.
I am new to this forum. I need some help, I've had Lexington Law for a couple months and seen no improvements on my charge offs...Time to take matters in my own hands.
I have 3 charge offs that are less than $1000 and my credit score is about a 530. People with car repossessions and bankruptcies probably have a higher score than me. Why are three little things destroying my score??????
I need help on what to do about the charge offs and also if I should get a secured Capital One credit card in the mean time to help build my credit back up.
I appreciate your help!
Midland is reporting to the Credit Bureas on an alleged Citibank account. I have disputed this with the Credit Bureas and it has come back verified. Today I called Citibank to see if they could provide me with an account number of this alleged account. After speaking with Customer Service and explaining that I was lookoing for an account number so that I could verify this alleged debt I was forwarded to the Asset Department. After being put on hold for 10 minutes I was told that they are unable to find any records showing I ever has an account. My question is what would be the best way to deal with Midland who is still refsuing to stop reporting this as a deinquient debt.