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Dispute about car repo

BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: Uncategorized Archive 4: Dispute about car repo
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Gail Stevens (Gs406)

Friday, May 12, 2000 - 06:40 pm Click here to edit this post
I had my car repoed a few months ago. I still owed about $1600 dollars on it. I got a call about a month ago from a collection agency saying that I was going to have to pay the $1600. My question is do I have to pay for the car if they repoed it? It doesn't seem fair that they get the car and the money.

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Christine Baker (Admin)

Saturday, May 13, 2000 - 12:49 pm Click here to edit this post
They don't get the car AND the money. You owe the $1,600 minus the proceeds from the sale of your car.

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Madaboutcredit (Madaboutcredit)

Monday, May 15, 2000 - 01:12 pm Click here to edit this post
Was the finance company CAC? They are serious jerks.


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