@Anonymous wrote:I was just wondering, is it legal for a company (CAC) who has repoed a vehicle, sold said vehicle for full amount of balance, to charge the interest from the note for collections. If so, do I send a GW or do I send a PFD?
They can and will. This all depends on the account? How old is it? What's your states SOL? This gives you some fuel to deal with them. Can they still sue you?
If it's within the SOL a gw is not going to do you any good, however a PFD might. Just remember if it's within the SOL you had better be prepared to pay in full.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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@Booner72 wrote:How do you know when the car sells and for how much after a repo?
When my sons care was repo'ed (kids!! 
) they sent a letter saying that when the car was sold if there was anything left over after their expenses then the difference would be refunded.
But in his case the sale did not cover everything and he got a bill for a little over $800.
Now it might be different from state to state how this is handled. I just don't know.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
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