Tuesday, February 2, 2010

Repo Zero Turn Mower Can Another Company Take Over A Charged Off, Zero Balance Loan After It's Been Closed For Three Months?

Can another company take over a charged off, zero balance loan after it's been closed for three months? - repo zero turn mower

He had to buy a truck in 2005. Charged the original creditor as uncollectible zero balance and closed the account. Three months later, open up to another company's account and told me that I am now. I signed a contract that says: If you default on the loans that they can take, truck and what you want in it. I have a problem with that. I see nothing in the contract that says I must continue to pay the entire loan. This should be written in the contract before signing. If anyone knows who know the law about this, please let me. Thanks God bless you!

6 comments:

David B said...

Yes It's called "zombie debt" (actually is not) a joke. When you see that your favorite search engine to find some important articles on this topic. Basically, companies that buy old debts for pennies then this pressure can be paid to the people. HTH - Good luck!

pankaj said...

It is therefore advisable that you contact the first company to find out what she had sold the vehicle. As part of a repleven received if it is more than the balance of the loan, the loan is satisfied with the scheme. The company claims that others were without merit. I suggest you send a new collection of signature of a letter indicating that the vehicle has been sold for more balance and the debt was paid in full in the context of the liquidation of the collateral. Tell them you never heard of them, that a false statement, you want something with the signatures and copies to the attorney for the state, thank you

jlf said...

I seriously doubt that your initial financing contract says you can repay the loan and can only be temporary. To read better.

golferwh... said...

May collect the unpaid balance after it was sold, then the answer is yes, but you must receive a copy of the application before the payment is

Laurenkb... said...

You need your last bill you received the original creditor stating that your balance is zero or to find the last one, will show a low balance.

Borrow money, bought and sold every day in the banking system, such as mortgages, car loans, banks, etc., which you can buy and sell these loans in cash, so they can remain liquid and have more money to lend and creating do more business. I know that sounds bad, but can our economy flowing.

The disadvantage is that the loans are bought and sold, the buyer or seller is not paid the correct information to your account (because he does not buy debt in massive blocks of hundreds) of loans.

So, in short, its recent declaration stating your creditor would find another, that the balance is zero or very low (about due). I urge the other company and explain that his records do not match them. It might even withdraw their statements, payments, if necessary, are robust.

Let not your faultCost money and headaches. If the person ringing in a telephone conversation with incompetent, then ask a supervisor. You know, show should be, and that for them.

mike r said...

You need to first make contact the company and find out what sells this car. As part of a repleven received if it is more than the balance of the loan, the loan is satisfied with the scheme. The company claims that others were without merit. I suggest you send a new collection of signature of a letter indicating that the vehicle has been sold for more balance and the debt was paid in full in the context of the liquidation of the collateral. Tell them you never heard of them, that a false statement, you want to allow something with the signatures and copies to the attorney for the state police and local service that issues licenses for the recovery of bodies. Who will run for the hills.

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