You should have received paperwork after the repo. Intent to sell......where they tell you if it's going to be sold at a private or public auction and that you should have the opportunity to buy it back. Then the notice of sale and deficiency balance......an itemized list of what you owe after the sale of the vehicle.
I think there's one other that I'm forgetting........it's been a while but I believe there are 3 notices you are supposed to get.
There are different laws on the repo and if the sale was done in a commercially reasonable manner. Like I said.....lol........complicated.
If all of this was done correctly and you are willing to pay/settle.......then that's really the best way to handle it. You don't want them suing you......and it would be very easy to do for 8K (which could easily turn into double that if you fight it).
It will probably be difficult to get them to report it positively.......you can always try but really you are at their mercy. It's for a large amount and it's still within SOL.
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~Trish~ |