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LOE Critique please

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FLAJenn
Regular Contributor

LOE Critique please

Finance has an old auto loan from no gap insurance when it was totaled. Any input would be much appreciated Smiley Happy

 

The negative listing on my report from DT Credit is for an auto loan with a deficiency balance on of $7134.

The reason this happened was the car the car was involved in an auto accident where my insurance totaled out the car. At the time I did not have gap insurance on my policy resulting in the current amount owed. My current policy does have gap insurance now so this will never happen again. I have tried on many occasions to make payment arrangements with DT Credit and they have continuously refused. I can pay this if need be.

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1 REPLY 1
EmpressLuv
Contributor

Re: LOE Critique please

Sounds pretty good, but I wouldn't say I would pay them if need be...that is just me though, lol..

 

I had a totalled car with a $3488 charge off amount myself and they requested a LOE.  I just told them the other party had insurance, they paid it off but didnt pay all and i was unaware of that until i went to get a car.  I told them I have since gone out and get another car financed satisfactorily after that.  That explanation seemed to have worked for them.

My Wallet: AMEX Gold NPSL, AMEX BCE 1K, Express 1350, Victoria Secret 2250, Macy's 2000, Kay's 7600, Capital One 1400, Capital One 4000, Quicksilver One 3500; Quicksilver 3000; QVC 3500, Walmart 6000, Pier 1 1250, Kohl's 1500, JCrew 1550, JCPenny 3600, Discover 1500, Lowes 12000, Amazon 2400

Lender Pull: 2/16/13 TU: 672 EX: 681 EQ: 671
Current Scores: 2/6/15: TU 696 EX: 679 EQ: 658
Goal Score: 700
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