REVISED: What should I do with this auto loan I had. they have car.

[ccoaston]

I was the secondary person on this car and my ex was the main person. I went away for a little bit and she got the car repoed. What must I do at this point. I didnt want to call them. We only had the car for about a year and a few months

[ccoaston]

HSBC AUTO           -
-     -     -     -     -
-     Account No.:     500001****     5000010092****      5000010092****
-     Condition:     Derogatory     Closed (Transferred)     Derogatory
-     Balance:     $0           $0
-     Type:     Auto Loan     Auto Loan     
-     Pay Status:     Collection/Chargeoff     Collection/Chargeoff     Collection/Chargeoff
-     Past Due:     $0           
-     High Balance:     $17945     $17945     
-     Terms:     72 months     72 months     
-     Limit:                 
-     Payment:     $399           $399
-     Opened:     04/18/2005     04/2005     04/2005
-     Reported:     02/11/2010     08/31/2007     02/2010
-     Responsibility:     Joint     Joint     Joint
    
Late Payments (last 7 years):
      30 Days Late:           4     3
      60 Days Late:           1     1
      90 Days Late:           2     7
                
    Two Year Payment History:         
    
TrasUnion ==XXXX-XX-XX

Experian ==2007-08-31
Equifax ==2010-01-XX    
    Remarks:
    [TransUnion] Charged off as bad debt
Account information disputed by consumer, meets FCRA requirements  
    [Experian] Purchased by a another lender.
Unpaid balance reported as a loss by credit grantor.  
    [Equifax] Consumer disputes this account information
Account transferred or sold 

THIS IS THE INFO ON IT...SORRY

[ccoaston]

BUMP

[Anonymous]

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@ccoaston wrote:

I was the secondary person on this car and my ex was the main person. I went away for a little bit and she got the car repoed. What must I do at this point. I didnt want to call them. We only had the car for about a year and a few months

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Depends on what you want to do.  As a signer on the note you are ultimately responsible.

What state are you in and when did the car loan first go delinquent?

[ccoaston]

Im in Pittsburgh, PA and the loan went delinquent in 06 of October 06. They already have the car. I havnt spoken to them since. Due to certin curcumstances I was unable to contact them . I was in exile. Now I want to get a mortgage.

[ccoaston]

bump

[llecs]

OP, do you know the balance? Could you pay this debt in full if you had to?

ETA....do you know the DOFD? When was it repo'd (exact answer is really needed here)?

[Anonymous]

---

@ccoaston wrote:

Im in Pittsburgh, PA and the loan went delinquent in 06 of October 06. They already have the car. I havnt spoken to them since. Due to certin curcumstances I was unable to contact them . I was in exile. Now I want to get a mortgage.

---

It looks like the statute of limitations is 4 years for written contracts under seal in PA so it looks like they cannot sue you.  The deficiency created with the repo, though, may be another matter. 

The bad news is that it can remain on your credit report for up to 7.5 years and that isn't going to help your mortgage approval.  You might have to contact them and see about either a settlement for less than the amount owed, a payment plan or else payment in full.