Credit Charged off transferred to collections... but collection agency not reporting?

Question

I had a car that was repo'd. They sold the car and I was left with a 11k balance...

eventually the finance company charged off the debt and sold it to a collection agency. This is how it appears on my credit report. Now shouldn't the collection agency be reporting the balance on my credit report? It says balance due NA... am I off the hook or no?

HSBC AUTO
Address: XXX
No phone number available
Account Number:XxX.
Status: Transferred,closed/Account charged off.
$11,624 written off.
Date Opened:
07/2004
Type:Installment
Reported Since:08/2004
Terms:60 Months
Date of Status:10/2006
Monthly Payment:$0
Last Reported: 08/2007
Credit Limit/Original Amount:
$13,570
High Balance: NA
Recent Balance: NA
Recent Payment: NA

The collection agency has been trying to get the money from me for almost a year now but it doesnt show up on any of my credit reports....

Answer 1

Sorry to tell you, but no you are not off the hook, at least not for 7 more years.
Here are some links that may help you out with this.

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm#improve
Building a better credit report.

http://www.ftc.gov/bcp/conline/pubs/credit/crdright.shtm
Credit and your consumer rights.

Answer 2

You're still on the hook for the debt the you took on. Just because you don't have the car doesn't let you off.

The collection agency does not have to report to the debt. There are multiple credit agencies, so its possible that if you pulled a credit report, they they did not report to the agency you pulled but reported to another agency.

Answer 3

No you are not off the hook. The collection agency can sue you, win a judgment, then attach your bank account, garnish your wages, and lien your property. They can also decide to report the collection status anytime on your credit report -- as long as it isn't over 7 years from the default.

Answer 4

They do have your SSN, you may desire to have paid what substitute into owed and deliver a letter permitting them to comprehend you have been questioning the bill, and while they researched your account they might of reimbursed you the quantity in distinction. you in basic terms led to your self a lot of problems.