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Submitted 773 days ago...

jhotkiss

jhotkiss

New User (1)

Valid claim to collect on a reposession.

I went through a bout of bad debt which resulted in a vehicle reposession about 5 yrs ago. My credit has improved and recently started obtaining new credit. The vehicle finnance company sold the account to a collection company who is trying to collect from me. Do I have to pay for a vehicle they took back?

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Answer 1 / 1 - Submitted 772 days ago...

airforcemom

airforcemom

Expert (828)

If u owed 9000 on car, & they only got 6000 out of car, then yes, you still owe 3000 on the loan.

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Valid claim to collect on a reposession.

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