surrendering after discharged?

[carlos74]

I was closed and discharged last week. Friday I've received a letter from a law office representing Best Buy saying that they have been informed that my case was discharged. To be advised that their client is secured by a purchase money security interest in consumer goods. If I intended to surrender the collateral to put the name of the person making arregments to return the goods and the phone number.
I did'nt know they could still do that after debts were discharged.
Any advise?
Thanks

[JasonK94Z]

Best Buy, Dell, Circuit City, and the likes are secured cards. T hey will ask for you to surrender the goods, and from what i have read, most people ignore them and they eventually go away. What was purchased? How long ago? Electronics fall in value so fast, that they usually won't bother trying tyo recover the items.

I have a 50" tv that I purchased back in february. I'm sure circuit City will be sending threats to me too.

[BassBoy]

When a debt is secured, like a T.V. at Best Buy for example, the T.V. is the colateral for the loan or credit, therefore the creditor has the right to repossess the item(s). You can also continue to pay for the item(s) and you can keep whatever it is that you purchased (this is called a "ride through"). I'm not sure if you can negotiate the amount owed at this point. Hopefully, someone can chime in here.

[keepmine]

Everything on earth is negotiable. You can offer fair market value for it if you please.
My suggestion is just leave 'em alone. Don't talk to them on the phone or respond to the letters. They'll eventually go away.
The cost of pickup, storage, refurbishment, insurance and resale is just prohibitive for used consumer products.

[carlos74]

I see, my balance on that card was 1000.00, most of the stuff bought were printer ink, photo paper and speakers for two computers. It is secure but my understanding was that they had to do that before the debts were discharged.

[BassBoy]

I don't believe it matters when they want to take repossossion of items purchased on credit, but I suppose there are some time limits after your discharge. We had one small thing purchased on store credit and our atty said if we didn't hear from that creditor within a few weeks, we were probably safe to keep it.

Nevertheless, I would take keepmine's advice because I do not believe anyone would waste their time coming after printer ink, paper and a couple of speakers.