Forums
I was behind on my car payments 90 days and ford finance charged it off. It has been over a year and some agency is calling me asking to pick up the car. My question is do I have to give back the car once it has been charged off? My second question is if they havent sent any settlement letters or letters stating repayment what should i do.
Please help!
repossession of car
Hi lostnga,
Send the collection agency a settlement letter. Debt settlement generally lowers your outstanding debt amount by 40-60%. Send the letter through certified mail, requesting a return receipt.
You can even request the original lender to pull back the account from the collection agency, so that you can deal with the original lender. If the debt has not been sold off, then the lender may be able to pull back the account.
Thanks,
Aaron
repo car
can a collection company repo my car i have filed bankruptcy i chose to keep the car but i have fell behind on payments i have been sending them the majority of the payment but not all will they come get it for that i am paying but not what i am suppose to unable to