Home
Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
International
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts
   

Re: Please Help...Hearing for Summary Judgment


[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by Why Chat (209.240.198.61) on June 28, 2003 at 18:23:42:

In Reply to: Re: Please Help...Hearing for Summary Judgment posted by lulu on June 28, 2003 at 11:09:03:


There are a set of requirements for a "legal" repo, according to the UCC, besides the notice of sale, there must be an accounting of the proceeds, including where the sale was, how much the car sold for, what the payoff was, and how they arrived at the difference (deficiency= payoff $ - proceeds of sale= deficiency)

If they are claiming this $$ amount of deficiency from YOU, they must show that you receive these notices.


Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:


[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]

 

    Top Of Page

  

Copyright © 1999-2003 Enkephalos Web Design