11-08-2012 06:56 AM
I have an old repo from 2007 with American Honda Financial. Just recently, this account was sent to NCO Financial and they are giving me 30 days to dispute the debt. When the debt was with Northstar I had called Honda and found out they still own the account but it was assigned to Northstar. I am wondering if this is the same with NCO FInancial Systems, Inc.
My question is, do I send the DV letter to American Honda Financial since they still own it? -Or do I sent it to NCO? Maybe both?
Another **bleep** with Honda for a PFD. My thoughts are to do the following:
Does anyone think there's logic to this? Here is some info about the original acct and NCO's reporting. Thanks.
American Honda Lease, repo.
Deficiency amount $10,934.37
Original date of Delinquency: Nov 2007. No reaffermation of debt after this date.
11-08-2012 07:06 AM
First of the DV process is only for the CA, not the OC. If the OC can still accept the debt, then I would deal directly with them. The fact that this account is past the SOL does not mean it has to be removed from your CR. That is a matter for the CRTP. It does however give you a little bit better option of settling. Since it is past the SOL, you could try to settle for the 10-20%.