Needing help

Date: Wed, 04/07/2010 - 07:52

Submitted by Count_Vlad
on Wed, 04/07/2010 - 07:52

Posts: 356 Credits: [Donate]

Total Replies: 6

OK thanks to this site I have been helping friends with their debt problems. Now I have a friend that needs some help and I have no idea what to tell hem. Here is her deal. She lived out in California until 2002 and then moved to Illinois. Wehn she moved to Illinois she had a car loan that she defaulted on and the credit union never bothered to repo her car. The credit union has sold the debt to access collections and they have never followed up on it. They are still reporting on her CR even thou the 7 years is up. Now my main question is this. They car no longer works and the repairs are more then the car is worth. How can she go about getting the title so she can junk the car? I don't want to tell her to call the collection agent because I don't know if they did release the title then can they restart the clock on the debt? There are many questions for this. If anyone has any kind of info that would be great.

She can call up the creditor and inquire about it. She might hav

She can call up the creditor and inquire about it. She might have to make a payment deal with them to get the title released.

lrhall41

Submitted by SC on Wed, 04/07/2010 - 23:28

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And I am wondering if that would reset the clock on SOL's and re

And I am wondering if that would reset the clock on SOL's and reporting

lrhall41

Submitted by Count_Vlad on Thu, 04/08/2010 - 11:07

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you would need to check with someone on a credit site, but I thi

you would need to check with someone on a credit site, but I think the inquiry and updating of her information could reset the clock for collections.

lrhall41

Submitted by on Thu, 04/08/2010 - 19:27

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I am pretty sure that making a payment or entering into an agree

I am pretty sure that making a payment or entering into an agreement to pay are the only things that will reset the SOL's on a debt. They can't do anything if you call them and asked them questions.

lrhall41

Submitted by Count_Vlad on Mon, 04/12/2010 - 06:02

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Has the collection agency gotten a judgment lien against her car

Has the collection agency gotten a judgment lien against her car? If there is and it has been on her record for at least 2 years without being enforced, she could get it released. I would not recommend trying to sell a car with a possible lien on it.

lrhall41

Submitted by OVLG Attorney on Mon, 04/12/2010 - 15:18

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There are no judgements or anything against the car. She contact

There are no judgements or anything against the car. She contacted the DMV here in Illinois and in Cali where she bought it and the title only shows her and the credit union on as the lein holder. She said the only things that have changed on the title are when she moved from Cali to Illinois and when she changed her address. She still has plates on the car (illinois law) even thou it is not running. So they know where the car is.

lrhall41

Submitted by Count_Vlad on Tue, 04/20/2010 - 08:42

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