Huge win for me yesterday....!!

[bonesninja 5,000+ posts]

So about 10 years ago i bought a piece of crap car from a local Ford dealer....literally 1 day after my warranty ran out, the transmission went out. I wasn't in a financially stable situation at the time and long story short...i lost my job with no ride to get there and they repo'd the broke down car. It sold at auction for 1500 and left me with $8700 balance on the loan. In Ohio the satute of limitations for a written contract item is 15 years.

So this has been plaguing my otherwise spotless credit report. Well, after some advice from a friend i decided to dispute the item on my report. The company had sold my debt 18 times since the repo and God knows who holds the note now but after 30 days of no response it was removed from my credit report.

Heres the twist, a company came forward 10 days after the 30 period and claims they hold the note. So i filed a Proof of Debt claim which they could not produce proof so i took them to court so they could no longer report the debt. Anyways, the court made a decision in my favor since the company could not produce valid paperwork showing i owed them anything.

Anyways the real victory for me is my credit score goes up 100 points overnight.....FTW

Click to read more...

 

[SethPhillips 5,000+ posts]

So about 10 years ago i bought a piece of crap car from a local Ford dealer....literally 1 day after my warranty ran out, the transmission went out. I wasn't in a financially stable situation at the time and long story short...i lost my job with no ride to get there and they repo'd the broke down car. It sold at auction for 1500 and left me with $8700 balance on the loan. In Ohio the satute of limitations for a written contract item is 15 years.
So this has been plaguing my otherwise spotless credit report. Well, after some advice from a friend i decided to dispute the item on my report. The company had sold my debt 18 times since the repo and God knows who holds the note now but after 30 days of no response it was removed from my credit report.

Heres the twist, a company came forward 10 days after the 30 period and claims they hold the note. So i filed a Proof of Debt claim which they could not produce proof so i took them to court so they could no longer report the debt. Anyways, the court made a decision in my favor since the company could not produce valid paperwork showing i owed them anything.

Anyways the real victory for me is my credit score goes up 100 points overnight.....FTW

niiiioce..

take out a loan and buy a nice car now.

 

[GearGuy2001 10+ year member]

Awesome I guess, Stick it to the Man

 

[djeazie 10+ year member]

Good for you!

 

[bonesninja 5,000+ posts]

niiiioce..take out a loan and buy a nice car now.

i've never had problems getting a loan before but it always affected my interest rates.....no more....i'm well over 790 now. They say tier one is 780 or above i guess

 

[miker 5,000+ posts]

Sounds like you've done a good job turning your life around //content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

 

[Hintzyboy 5,000+ posts]

Next time don't buy a ford.

 

[bonesninja 5,000+ posts]

Next time don't buy a ford.

*noted

 

[miker 5,000+ posts]

lol, I remember our old ford's transmission dropping... //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

 

[jbizzle 5,000+ posts]

Next time don't buy a ford.

x2

 

[crunktimes.com 5,000+ posts]

Congrats man!

 

[GearGuy2001 10+ year member]

Next time don't buy a ford.

He didnt say it was a ford, just a piece of crap from a ford dealer //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[bonesninja 5,000+ posts]

well it was a 1996 taurus

 

[GearGuy2001 10+ year member]

well it was a 1996 taurus

Well duh it wasnt a SHO taurus, of course it sucked

 

[hrtbrk1 5,000+ posts]

He didnt say it was a ford, just a piece of crap from a ford dealer //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

ford user ^^^