Mar
19
How can I clear up a repossession on my credit report?
By
I let someone take over payment on a 99 Dodge Durango from a tote the note dealership and I carried insurance on it until then and they know that because they always had proof and he was the one making the payments.Then he had a wreck and totalled the vehicle and now it is on my credit as a repossession I called the dealer and asked them if they would take an amount to get it off my credit and they want more than the vehicle is even worth.. What kind of action can I take They never even told me that they were repossesing the vehicle I called them everyday for 2 weeks trying to figure out what kind of deal we could make and they kept saying oh let me talk to the owner I’ll call you back and now it comes up as a repossession what kind of business is that. Please if you know anything I can do to clear this up let me know..
The company said that he could take over payments so how did I commit fraud He was going to get it in his name so how did I do anything wrong?
The insurance did not pay anything because I did not have insurance on it at the time of the wreck. I know I am screwed tell me something I dont know..
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3 Comments
March 12th, 2009 at 5:44 pm
Dumbass, you not only broke credit laws if your insurance finds out you ’sold’ the vehicle they may deny your claim and come after YOU for any money they have paid. Your only recorse is to repay the WHOLE debt (not what the truck was worth) and try and SUE the dude you arranged the deal with (the guy who totaled it) Again Dumbass move buddy
March 14th, 2009 at 12:05 am
Dont deal with anybody at this point! Write a letter to the company responsible for putting a repo on your credit report and all three credit agencies. In that letter contest this issue saying they defamed your credit. They have thirty days to respond or it will be taken off your credit automatically.
March 14th, 2009 at 9:21 am
You are so screwed. You broke so many laws it’s hard to find a place to start. What you did was fraud plain and simple.
There is nothing you can do at this point except pay the whole amount owed. If your insurance company finds out what you did, they will not pay on the vehicle and you will be really stuck.
The only things that can be removed from your credit report are things that are not true and this by your own admission is true, so you can forget trying to get it taken off.
You need to make some kind of payment agreement with the buy here pay here lot or they can come after you in court and get a judgment. Then they can garnish your wages, attach bank accounts and file liens on any other property you may own like vehicles, boats, land and homes.