midland
Date: Tue, 07/17/2007 - 15:58
I recently got a letter to settle a debt from Wells Fargo, via midland credit management and now through Synergetic Communications. This debt is from an old contract I signed for a car loan, which I co-signed but reviewing it a year later I was the first signer...never have kids with you in a dealership. The car was repossessed because there was no proof of insurance for the car, which we faxed to them over and over again. I never knew a bank can charge you for not having proof of insurance. Fast forward two years later...after a settlement was suppose to clear the debt...the Midland Management is now asking for the price of the car. Am I suppose to owe the bank for a car they repossessed? Are the creditors and bank able to turn this amount to the IRS? This is the latest twist to get me to pay for this. I really wish I never tried to help someone buy a car and having to deal with Wells Fargo. Please help.
Generally, I believe, the financer can auction the car and try t
Generally, I believe, the financer can auction the car and try to collect from you the difference (what you owed). I don't know what the IRS would have to do with it.
wishing, what state did all this take place in? I have a couple
wishing, what state did all this take place in? I have a couple thoughts, and I will check them out as soon as you let me know what state this all happened in.
Also, do you recall the company that you had insurance through for that car at the time? You may need to contact them if my suspicions are correct. Please get back to me
