Help! I need a repo expert!

[Anonymous]

Here's the deal: I turned in SUV to CarMax during my divorce in 9/06. It took them 3 months to figure out they had the vehicle and finally auctioned it off. On my decree he's ordered to pay half of deficit (which everyone knows is not enforceable). Deficit was $7400. I had started trying to pay it off.  First, called CarMax and was told to call CA#1. Paid them $500 down. I then tried to make monthly payment arrangements and was told that $500 a month wasn't sufficient. What??? Suddenly, within 2 days of that conversation, the debt was sold to Focus Receivables Management in Atlanta. They promised that they would report monthly, would stop the interest, etc. Paid them $1000 to find out they were doing none of that, just a bunch of BS. So, I'm trying to figure out how to handle this. It's keeping me from a mortgage now simply because they're updating it as current activity.  Does anyone have any idea how to handle these people?

[llecs]

I'm no expert, but I'll give it a shot. 

Your best bet is to either wait until SOL expires or have the $$$ to PIF. Once you are in that position, then DV the CA and offer a PFD for the full balance or a proposed settlement. If they accept, pay it and they will delete. Don't pay in installments. And don't talk to them (never ever call a CA) and don't write them until your SOL expires. Last thing you'd want is a judgment.

Most CAs update monthly.

Now you may want to research your state laws on repos. Seems like some states place requirements on the lender to sell a car after X amount of time. If that is the case, you'd need proof that they received the car three month prior to the auction.