question regarding auto repo's and collections?
928428
It is possible they could take you to court, but if they are squabbling over a few thousand dollars likely they are just bluffing.  It is expensive for them to pursue legal action.  These punk creditors always threaten legal action.  Yes they can, but it doesnt always make financial sense for them.  You cant squeese blood from a stone, or something like that.  They are just trying to shake you down for money.
775008
As far as I know, as soon as the payment is past due they can turn you in to collections.  Usually it takes a few months though before they do that, as they will have to give a cut of the monies collected to the collection firm.
811018
Call your landlord and creditors immediately and explain your problem.  You may have to pay late fees, but usually they will hold off on collecting as long as they know you're willing to pay.  Good luck!
592830
Don't do payday advance.  It's the quickest, but definately not the best.  Try a small finance company, something like National Finance here in NC.  I have about 4 repo's and a judgement and they finanaced me.  Good Luck!
722487
You will have to check the statute of limitations in your state.  That's a long time ago so it's possible that the statute has passed.  Collections agencies will still come after you and lie to collect money even after the statute has passed.  Don't agree to anything without checking first.
891229
The charities auction off the cars and use the proceeds.  I donated an old SUV once and I've personally known charities who use that system.  It works out well.  Just investigate any charity that you donate to first, as there are a lot of scams out there.
668687
it should be cleared, as well as all attempts to collect it after 7 years of default. you will have to do the leg work as creditors won't do it on their own, so push them and keep pushing them to remove it.
846451
Well auto policies do not cover your personal property inside the auto.  The person above who stated this is not correct, I have been in the business for 5+ years and never seen an auto policy pay out on personal property that is not "attached" to the vehicle. \n\nGenerally those items would be covered under your Renters or Home Owners policy, depending on the coverages listed inside the policy.  They generally put a set limit on laptops, and the others would be covered under standard personal property coverage, unless they have a capped limit for property off premises, which they do this sometimes too. \n\nThe thing to do is call your homeowners or renters agent, see what your deductible is and if its worth calling in a claim.  Sounds like it is.
844896
go to http://www.autopatcher.com and you can get ALL the updates needed for XP without the pain in the a$$ of the validation. and no it will not cause you to lose any info.\nyou can order a cd or download it from the site and it is free.\n-Doc-
1176383
Anything that is past the statute of limitations for your state of residence is uncollectible.  It will fall off your credit record at 7 years from the date of the last activity; contrary to what another poster said it does NOT stay there until paid + 7 years!\n\nIf you get feeling guilty and contact the creditor trying to "make things right" they will re-age your debt (this IS legal!) and start collection efforts all over again.  It will show up as a chargeoff with recent activity.\n\nIt's a dirty little secret that creditors sell of old chargeoffs to collection firms for as little as less than a penny on the dollar.  This is great for the collection firms, as if they get a 10% response on any of their efforts, they make a TON of money!  Imagine that you buy a $1 million in chargeoffs for $5,000.00.  If you get 10% of the debtors feeling guilt enough to pay off their debt you just made a cool $95,000.00 profit.  These firms buy these accounts in blocks of tens or even hundreds of millions of dollars.  Do the math, it's an EXTREMELY lucrative venture!\n\nYeah, you can have both the original debt AND the collection agency's data on your record at the same time.  Once the statute has expired, it's best to leave sleeping dogs lie.  If they contact you by mail, just trash it.  If they call you, just hang up.  If you say anything at all, say, "Don't contact me again." and then hang up.\n\nIf your "moral compass" is giving you fits, make an equivalent charitable donation to a worthy cause and don't deduct it on your taxes.
101950
You can hire a Collection Agency or go to small claims court.  Before I would do either I would first go to the District Attorney as paying for services and placing a stop payment for those services could carry criminal charges of fraud or possibly depending how the law is written even writing a bad check.  Good Luck as a small business I realize that each sale is extremely important and may in fact be the tool that finances the next job.
717902
Well, that all depends on whether or not the bank that repo'd the car was able to collect the total outstanding balance after selling the car. If not, you have an outstanding debt still on your credit, and it will be there indefinitely, despite what some people may tell you. Yeah, it technically will come off after 7 years, but if you ever go to get a mortgage or other large loan, they're going to see that you have that still outstanding. Good luck getting a bank to look the other way on something like that...
474347
Whoa.  Here's my 2 cents.  The difference between a paid collection and unpaid is the diff. between being hit by a car or truck.  Not much, cuz they both hurt like hell. The damage is done, so why pay?  If a letter was all that was required to remove derogs from your credit, wouldn't everyone be able to get one?  Fact is fact, so I've been reading all this about getting letters and removing and blah blah blah.  There's one simple way to remove derogs.  If you're conscience drives you to pay, that's something you've got to deal with.  As for forms, DO NOT GIVE THEM ANY INFORMATION OR SIGN ANYTHING!!!!!!!!
1141640
Often it is a overall history of your credit, not just a period where someone fell on hard times.  I am with you about it being messed up!!  \n\nExample- \n1) 30 years credit history, 40 closed accounts paid as agreed, 10 open accounts paid as agreed, low balances, declared BK 5 years ago, and had a car repossed 5 years ago.\n2) 3 years credit history, 5 open accounts, many recent inquiries to get approved for any of those 5 accounts.\n\n#1 had a obvious hard ship, and by declaring BK was able to close or discharge some of the derogatory accounts.  In 30 years of reported credit history he has demostrated a willingness to repay his debt, although at one point he had to lose everything by declaring BK.  If 5 years had passed the repo and BK affect his credit less over time.  It is still reported but not harming his fico any longer.  It lowered his fico at one time, but they will not continually decrease his score because of it.   After BK establishing new credit also improves his score.  \n\n#2 Being a new consumer to the credit world, you will need many years of paid as agreed, maintain balances around 40% of your limit, and you need a good mix of open credit.  Mtg, auto, and revolving credit in your file.\n\nI do agree with what your saying, and my job has allowed me to pick the brains of credit experts who clean up and rescore the people with those repos and BK.  I have complained endlessly about my own situation, I had a medical collection for $90 I tried to pay the hospital and they said it was under $100 the legal amount necessary to collect so it was delted from thier system.   4 years later it popped up with a balance of $181 through 3 different debt collectors all trying to say it is thier account I must pay.  The credit gurus I work with, advised me to ignore all 3 collections as it will by law have to be removed in Dec of 2006.  If I paid it, it would begin reporting new for another 7 years as a collection that was paid.
66833
Read the contract you signed and see what it says. If there is nothing in it saying they had the right to repo the car, then call the police and report it stolen by the dealership.
808208
No your contract / agreement is with the original compnay - they have the agreement with the collection agency - if you have paid in full then tell them to go away...if you feel so inclined then you can show them proof but you are not obliged to - refer them back to the original company.
755354
different auto landersa have different policies.. try this http://www.carsloan.info