How is this done? b/c i have a repo on mine as well and would love mine to go away.any comments
2007-01-04 08:58:57 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
Often if you owe someone money, and the debt has been placed on a credit report, you can make a deal with the company or person you owe the money to. You pay some or all of what you owe, and they file a form with the credit bureau withdrawing the report. You would want to make the filing of the form a condition of your payment. Lots of companies will work with you by either setting up payment plans, or settling for a lump sum less than what you owe.
2007-01-04 09:04:18 · answer #1 · answered by akamom 2 · 0⤊ 0⤋
No lawyers needed, if you have what it takes: the ability to negotiate AND cover all information details.
Here's the basic prop: you want the record removed, they want $$$. If you don't/can't provide $$$, you have nothing to offer. You can promise to pay and they will promise to remove the record later, if that works for you. You MUST make sure that everything is clear and in writing from someone who really has the authority. If you fail in this part, you may not get what you want.
Often times, lawyers are useful just because they speak and act with authority. The other thing is that they can look for elements in the situation that they can exploit, FOR EXAMPLE: an oversight on the part of a creditor during the repro process.
If you cannot negotigiate (i.e. pay some $$$) and cannot find a lawyer who can find the proverbial 'loophole', you'll likely be out-of-luck.
I agree that your former husband's lawyer could be a starting point, though he will not risk even an appearance of conflict-of-interest because he represents your former husband (I'm not sure of continuing financial involvements with your former husband). The lawyer may just direct you to someone else.
Another thing to consider is that most, if not all, future auto credit applications will directly ask you whether you've had an auto repossessed. Since you have, you must answer 'Yes', even if it's been erased from your credit records. If you were to answer falsely, this could be construed as a type fo fraud. If found out, it could change your new deal, including for example a higher interest rate. Remember that having records changed in a credit bureau's database is different that erasing the records from the actual creditor.
I wish you the best.
2007-01-04 09:28:18 · answer #2 · answered by ninetyeightptsix 1 · 0⤊ 0⤋
I would call that attorney, but furthermore it depends how long it has been there, how much the amount was that was owed, the particular company that it was owed to. PLUS other factors. Some companies when questioned for validity are just plain too busy to argue the point with anyone and will wipe it clean instead of researching it. It will cost them more time and money to research it than it is worth. The letter asking for this to be removed must be worded just right and they will not even look at anything from other than an attorney. A bancruptcy attorney is best, but some others can do it too. sometimes if repeated letters are sent, they will not dispute it either. That is what the attorney will write to the creditor, a dispute letter. Things only stay on your credit report for 7 yrs. most of the time no matter what the amount. (Check laws in your state)
2007-01-04 09:14:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
She is in contempt of courtroom for no longer making the fee. you may take her to courtroom your self with out hiring a lawyer. Its rather person-friendly to instruct she isn't making the money. that would desire to be your suited direction maximum appropriate now. in any different case, you danger additionally being in contempt of courtroom by skill of paying the financial company without postpone. Banks additionally do no longer care in any respect approximately divorce settlements. for this reason in the event that they get a million/2 funds from you, it continues to be no longer the entire volume and that they're going to come after the two certainly one of you for the rest, no longer purely her. despite if it incredibly is repoed and a joint mortgage, it impacts the two certainly one of your credit comments. If he incredibly does not like it repoed, he needs to pay the entire volume somewhat than in keeping along with her. in particular b/c it looks his time is constrained in the event that they are already threatening repossession. IMHO, i'd choose what yet somebody else suggested, shrink the losses and enable it go if he's no longer the single in possession of the automobile.
2016-10-30 00:21:50 · answer #4 · answered by ridinger 4 · 0⤊ 0⤋
Really, all you gotta do is dispute it online, for free, and hope that it gets removed even if its legitimate. it works with late pays and collections too...but sometimes its just luck- the companies dont bother responding to the dispute, and bingo, you're golden.
2007-01-04 09:56:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes, call your ex husbands lawyer and find out how he did it and get him to recommend a lawyer for you
2007-01-04 09:07:05 · answer #6 · answered by rallman@sbcglobal.net 5 · 0⤊ 0⤋
Why don't you hire your ex's lawyer?
2007-01-04 09:01:56 · answer #7 · answered by Phoenix, Wise Guru 7 · 2⤊ 0⤋