I have a repo with Capital One. They wrote off 17, 817 but show a 6643.00 balance on a original Loan amount of 19789.00. The last payment date is 8/28/2020, but I made last payment in March of 2020. There is no showing for the amount they got at auction nor the gap insurance payment. It hasn't been turned over to debt Collector. How do I dispute this?
I’m sorry you’re dealing with this, but here’s a simple way to approach it: Request Documentation: Contact Capital One and ask for a detailed breakdown, including how much they got from the auction and any gap insurance payments applied. Dispute the Balance: If the numbers don’t add up, you can dispute it directly with the credit bureaus and Capital One. Provide proof of payments and ask for clarification. Follow Up: If they don’t respond, you can escalate the issue by filing a complaint with the CFPB. Here’s a helpful video that breaks this process down further: How to Dispute a Repossession. ua-cam.com/video/JDH0bn2MBbA/v-deo.html You’ve got this! 💪
What about if they finance company has NOT got the vehicle yet I still have it but they have it reporting as a repossession on my credit can I still get it taken off
in my case i have a vehicle that got totalled out and the ins is only covering half of the loan amount leaving me with a balance, so i can assume there not going to auction it but im not sure, which way would u tackle this from?
I bought a car from a buy here pay here dealership and they made me a loan and I paid them back directly every month. Less than a year later they sold my loan to a finance company. Shortly after that I did a voluntary repossession. The finance company sold the car and afterwards there was a balance that is on my credit an an installment past due. Does this fit Tactic #2?
I have a question my car was repossessed a year ago and my loan was through a credit union. I did have gap insurance on the vehicle. They sold it at auction and I just received a letter to appear in court by an attorney? Do I have to appear?
i’m confused on wether my vehicle is an installment loan or a credit sale. it says installment and it also says auto loan , how can i find out forsure?
My car was in an accident I had gap insurance. I was told that gap insurance will pay off the remaining balance then the finance comp said I owe them a balance. I told them I don’t owe them. They got paid for it. I received money from my auto insurance. Finance company put it on my credit report for the full amount of the car. I told him I’m going to get a lawyer they blocked me.
That sounds incredibly frustrating! If you had gap insurance and the finance company was paid, they shouldn't report the full amount on your credit. You might want to gather all your documentation (insurance payouts, gap insurance terms, etc.) and file a dispute with the credit bureaus. You can also file a complaint with the CFPB. A lawyer might be a good idea if they’re blocking you from resolving this! Stay persistent-you’ve got this!
U just settle with the third party creditor for pennies on the dollar lets say after the sale u end up with a 40k balance just settle for 5 k and they will believe me and also ask them remove whatever negative item u have on ur report 😬😬😬😬
What if car was repo and you paid to redeem it , and when you picked it up the car died on your way home. It never made it home it had to be towed home. Sent to mechanic and he said the engine is gone. I forgot to mention after I paid to redeem they removed my car from its location and it was missing for 8 days. Popped up at auction which had it for 5 days out of the 8 and for the 3 days no one could give account of its where about. They are still asking for car payments my credit report shows repo and reinstated repo. My car was perfect before its depressing mechanic says something was done to car but can’t pinpoint it.
I still have a voluntary repo on my credit report and am still getting hit with late payment 15 yes FIFTEEN years later!!
Dispute it. It should've fell off after 7 years.
Hello what if you have a voluntary repo on your credit report and you want to remove it on the software which option (reason) should I choose
How do u find the gap insurance company?
Is A loss a car that was repo that is valued less than the amount owed? It needd new paint, work on the left fender cracks on the windshield ?
I have a repo with Capital One. They wrote off 17, 817 but show a 6643.00 balance on a original Loan amount of 19789.00. The last payment date is 8/28/2020, but I made last payment in March of 2020. There is no showing for the amount they got at auction nor the gap insurance payment. It hasn't been turned over to debt Collector. How do I dispute this?
I’m sorry you’re dealing with this, but here’s a simple way to approach it:
Request Documentation: Contact Capital One and ask for a detailed breakdown, including how much they got from the auction and any gap insurance payments applied.
Dispute the Balance: If the numbers don’t add up, you can dispute it directly with the credit bureaus and Capital One. Provide proof of payments and ask for clarification.
Follow Up: If they don’t respond, you can escalate the issue by filing a complaint with the CFPB.
Here’s a helpful video that breaks this process down further: How to Dispute a Repossession. ua-cam.com/video/JDH0bn2MBbA/v-deo.html You’ve got this! 💪
What about if they finance company has NOT got the vehicle yet I still have it but they have it reporting as a repossession on my credit can I still get it taken off
Is there a consultation, the gap insurance keeps saying there not required to send the refund to finance company?
Then have them send it to you.
in my case i have a vehicle that got totalled out and the ins is only covering half of the loan amount leaving me with a balance, so i can assume there not going to auction it but im not sure, which way would u tackle this from?
I bought a car from a buy here pay here dealership and they made me a loan and I paid them back directly every month. Less than a year later they sold my loan to a finance company. Shortly after that I did a voluntary repossession. The finance company sold the car and afterwards there was a balance that is on my credit an an installment past due. Does this fit Tactic #2?
I have a question my car was repossessed a year ago and my loan was through a credit union. I did have gap insurance on the vehicle. They sold it at auction and I just received a letter to appear in court by an attorney? Do I have to appear?
Yes. Always appear or respond or you will get default judgement against you.
can you turn up the background music? i almost heard you.
i’m confused on wether my vehicle is an installment loan or a credit sale. it says installment and it also says auto loan , how can i find out forsure?
Who’s the 3rd party debt collector
How do I remove a “redeemed repo” that has been paid off but show on my credit report.
Can someone answer this question please? I have the same exact issue
Same. Someone told me to call the bureaus and dispute over the phone. I did just that but nothing changed.
Why are there no answers to these questions.
My car was in an accident I had gap insurance. I was told that gap insurance will pay off the remaining balance then the finance comp said I owe them a balance. I told them I don’t owe them. They got paid for it. I received money from my auto insurance. Finance company put it on my credit report for the full amount of the car. I told him I’m going to get a lawyer they blocked me.
That sounds incredibly frustrating! If you had gap insurance and the finance company was paid, they shouldn't report the full amount on your credit. You might want to gather all your documentation (insurance payouts, gap insurance terms, etc.) and file a dispute with the credit bureaus. You can also file a complaint with the CFPB. A lawyer might be a good idea if they’re blocking you from resolving this! Stay persistent-you’ve got this!
U just settle with the third party creditor for pennies on the dollar lets say after the sale u end up with a 40k balance just settle for 5 k and they will believe me and also ask them remove whatever negative item u have on ur report 😬😬😬😬
Tryna remove this Ally financial Covid era repo man
For step 1, where is the return receipt coming from ?
The post office
What if car was repo and you paid to redeem it , and when you picked it up the car died on your way home. It never made it home it had to be towed home. Sent to mechanic and he said the engine is gone. I forgot to mention after I paid to redeem they removed my car from its location and it was missing for 8 days. Popped up at auction which had it for 5 days out of the 8 and for the 3 days no one could give account of its where about. They are still asking for car payments my credit report shows repo and reinstated repo. My car was perfect before its depressing mechanic says something was done to car but can’t pinpoint it.
Remedy, RECOURSE, reimbursement
What if there was no gab insurance coverage, now what?
He won’t answer lol
Youre fuckedd
The video says go to step 2