Hello all! In late 2016 after a job loss, I unfortunately fell behind on car payments and eventually the vehicle was repo'd. Following the repo, I received a letter from the lender , Flagship stating that the car would be sold within X amount of days. After receipt of this letter, I never received any further correspondence from Flagship.
Fast forward to present, the balance shown on all 3 reports, shows a balance that is the same as I owed when the vehicle was taken back. I never received a statement regarding the sale of the vehicle. Looking at the numbers on my reports, it does not appear that, if the vehicle was in fact sold, any proceeds were applied to the balance owed that is being reported.
In the meantime, I have opened 3 revolving accounts, and an installment loan getting my scores back to around 625 from 500. What is the best course of action to take regarding Flagship? I know I own it, but something is amiss about the way it is being reported, and I don't want to backtrack the forward progress I've made by filing BK to take care of the reported balance. Any advice is greatly appreciated!
