Re: Invalid Repo??? _- WHY CHAT - NEED YOUR HELP AND ADVICE PLEASE

Posted by Tony M (63.87.18.76) on February 23, 2004 at 16:37:49:

In Reply to: Re: Invalid Repo??? _- WHY CHAt - NEED YOUR HELP AND ADVICE PLEASE posted by catballou on February 23, 2004 at 16:03:34:

Thanks, Why Chat.

Catballou, I think the mix up happened because I relocated from one state to another and I simply let my insurance lapse and was too lazy to renew. My insurance had JUST lapsed, so FMCC probably hadn't noticed it yet. I had been late a few times just before the accident and I KNEW immediately that I had to secure another car loan before this eventual charge off made it on my CR.

THANK GOD I found this forum before I paid the CA any more money. The CA sent me phoney court papers, etc. - I have no judgements on my CR, but they tricked me into thinking they took me to court, thus the reason I made the monthly payments.

I believe FMCC screwed up and they had no real recourse since they didn't make sure the car was insured at all times. When it got totalled, they did nothing but charge it off and NOW they want to call it a repo and re-age it.

Why Chat, here's how it looks on my EXP report:

FORD CRED


Address:
5875 CASTLE CREEK PARK
INDIANAPOLIS, IN 46250

Account Number:
XXXX....


Status:
Repossession/Account charged off. $16,973 written off. $13,997 past due as of 2-2004.

Status Details:

This item was verified and updated on 2-2004.

Date Opened:
11/1997
Type:
Installment

Reported Since:
12/1997
Terms:
60 Months

Date of Status:
02/2004
Monthly Payment:
$0

Last Reported:
02/2004
Responsibility:
Individual

Credit Limit/Original Amount:
$32,098

High Balance:
NA

Recent Balance:
$13,997 as of 02/2004

Recent Payment:
$0

Account History:
Charge Off as of 3-2000
Repossession as of 2-2004
60 days as of 7-1999
30 days as of 6-1999, 1-1999 to 4-1999, 1-1998 to 6-1998

Any other comments would be most appreciated. Thanks.

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