Life after Chapter 7 - The Repo Blues
I am 3 years outside of my BK and doing well. Purchased my first home and credit scores are in the mid to high 600's. As my mortgage came to its ARM Term, refinance was necessary. My credit report was not reflecting any of the payments that I had made since my BK on my car and I was requested by my mortgage lender to have a supplement done to update this information. I found out at this time that a reaffirmation should have been done at discharge, but this was the 1st time I had even heard the term reaffirmation in relavance to a BK. My mortgage closed and life was good.
My auto payment which is due on the 15th of each month had been made. I received no notices, even though my creditor said certified letters had been sent. And I was only 3 days past my due date when my car was repossessed after 34 months of paying on or within a day or so of the due date. In fact, no notices, no phone calls from the creditor have been received.
In order to save my almost 3 yrs of good credit, I felt it in my best interest to pay of the 4500 I still owed and have my car returned to me. Several days went by as I collected up enough to pay off this debt, and on the 8th day after repo, I had made my appointment with the repo examiner. My car however was already shipped to CA, and western union had sent my money to payoff the lender, repo, and towing + storage fees and additional fees for storage of items left in the vehicle? So, paid off vehicle, but 3 days later, still no car, broke because I paid it off, and still have not received a letter or phone call from my lender?
What are my recourses after Floating through on an auto loan that was repo'd at 3 days late and without given notice, 30 plus month after a chapter 7?
My auto payment which is due on the 15th of each month had been made. I received no notices, even though my creditor said certified letters had been sent. And I was only 3 days past my due date when my car was repossessed after 34 months of paying on or within a day or so of the due date. In fact, no notices, no phone calls from the creditor have been received.
In order to save my almost 3 yrs of good credit, I felt it in my best interest to pay of the 4500 I still owed and have my car returned to me. Several days went by as I collected up enough to pay off this debt, and on the 8th day after repo, I had made my appointment with the repo examiner. My car however was already shipped to CA, and western union had sent my money to payoff the lender, repo, and towing + storage fees and additional fees for storage of items left in the vehicle? So, paid off vehicle, but 3 days later, still no car, broke because I paid it off, and still have not received a letter or phone call from my lender?
What are my recourses after Floating through on an auto loan that was repo'd at 3 days late and without given notice, 30 plus month after a chapter 7?
I'll be watching, you may never know when or how, but I'll be there. I am there now....
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