Found the website while trying to find out infomation about Arrow (who I figured Wells Fargo sold the debt to). Hopefully maybe someone can help me out with my situation...
I bought a car that Wells Fargo financed back in November of 2007. Very soon after that, I was in an accident that totaled said car (long story shot, people ran a red light and totalled the car, but being nobody else saw the accident and I was on a side street, they put me at fault, my word against theirs). My insurance at the time (Progressive paid most of the car off, which afterwards I went through my Gap insurance to pay the rest off. After dealing with them for a few months, they closed the file and supposedly paid off the remaining balance. I didn't hear anything from Wells Fargo for 2 years. I'm hardly ever home, but last month Arrow Financial sent a letter trying to collect the remaining debt, which I never got around to responding to. Unfortunately, I don't have any paperwork, due to Hurrican Gustav (I live in Louisiana) to contact the people that held my gap insurance.
Now they've sent some paperwork (I didn't sign for it, they just dropped it off earlier today) which includes "you are hearby summonded to comply with the demand contained in the accompanying petition and request for admissions fact a true and faithful copy whereof accompanies this citation, or to make an appearance by filling an answer or other pleading thereof, in writing with the Clerk of Court within 15 days after the service thereof. Failure to comply herewith will subject you to the penalty of entry of default judgement against you.
So here's my question...
#1. What exactly are they saying here, I don't speak legalese.
#2. Would I be able to maybe settle with Wells Fargo themselves. I've read a little about Arrow and they sound like a unreputable business to deal with.
Honestly, I don't mind paying the debt to Wells Fargo and it seems a little weird that they would wait this long, just to write off the debt and have these other people try and collect a debt that I thought was over and done with Any other advice would be appreciated as to how I can go forward with this and get rid of it.
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