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Debt Problems

Repo vehicle

Hi there… My vehicle was repo-ed and the lender sold the said vehicle for full amount of balance, to charge the interest from the note for collections. If so, do I need to send them a PFD?

Asked on Thu, 08/25/2011 - 15:00
anonymous
2 Answers

Was the entire balance including repo fees and other costs paid thru the auction or just the balance of the loan.  You should probably check.

 

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Answered on Thu, 08/25/2011 - 17:31
SOAPLADY

PFD does not work. If the balance has been satisfied in full, then you can request the lender to update the account status. 

Answered on Thu, 08/25/2011 - 15:45
anonymous

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