How to Handle Collector Debt from Unreceived Car Loan?

S

Sakurairo88

New Member
It seems like your fiancé is dealing with a complex situation involving a car loan and debt collectors. Here's a structured approach to address the issue:

1. Review the Contract: Examine the contract with the dealership to understand the terms regarding the delivery of the car and the loan obligations. If the car wasn't delivered, the contract might be voidable.

2. Contact Lender and Dealership: Reach out to the lender and dealership to clarify why the loan is still active despite the car not being delivered. Request confirmation if the loan was paid and en sure no further payments are deducted.

3. Bank Account Investigation: Check with the bank to stop any automatic payments that might still be causing overdrafts. Dispute any unauthorized charges and seek reimbursement for overdraft fees.

4. Debt Collectors: Request debt validation from the collectors. If the debt is not legitimate, dispute it with the credit bureaus to have it removed.

5. Legal Consultation: Consider consulting a legal expert to explore potential breach of contract claims against the dealership and to ensure your fiancé's rights are protected.

By following these steps, your fiancé can work towards resolving the debt issue and preventing further financial complications.
 
Hey, head to the dealer and ask them to hook you up with a letter. Then, take that letter and send it over to the debt collectors to show them it wasn't his debt to begin with.
 
Hey, wow, that sounds like a lot of TILA violations! I think you should talk to a consumer attorney. I’d also recommend filing complaints with the FTC, CFPB, BBB, and your state’s Attorney General. Take care!
 
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