voluntary repossesion

When Defaulting On a Loan May Not Be Reported to a Credit Bureau

Q: I found out that my car company Chacon Auto is not reporting my credit after three years. If I voluntary give my car back can they report a repo although they do not report my credit now? A: Thanks for writing me with your question about your car situation. It is rare for an …

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car repossessed

My Car Was Repossessed but the Collection Agency Still Wants More Money to Settle the Debt. Help!

Question: I have a question from a reader today who wanted to get some information about an auto that was actually repossessed via voluntary relinquishment. He wrote to me saying, “I’m recently divorced, and my ex decided to voluntarily relinquish a car that was in both of our names just before our divorce was final. …

My Car Was Repossessed but the Collection Agency Still Wants More Money to Settle the Debt. Help! Read More »

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