Although this is a credit related issue, it is also an automobile financing issue. I believe for our board members, if we could make a concerted effort to concentrate all our advice, strategies, and comments in one main thread, then most questions could be addressed in one easy to find thread.
While I am not technically very competent in the giving of advice relative to handling a deficiency resulting from repossession, or the ramifications of it being reported on your credit file, I can make certain recommendations that may prove helpful.
WhyChat has a repo letter located here that may prove to be helpful. WhyChat Repo Letter
This should not be construed as legal advice, nor should you just cut n paste the letter without thoroughly examining every opportunity available to you. This letter may or may not work for you, I make no guarantees. It has been helpful to me.
I sincerely hope our board members will chime in and offer pertinent comments that all may find useful.
Edited by MarvBear, 03 April 2008 - 07:12 PM.