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They sent me a summons, for the same amount they charged off, is this legal?

Q: I have a vehicle and got behind on payments, I looked at my credit report and all 3 credit reports show that the ford credit charged off the debt for the full amount owed, and now they sent me a summons, for the same amount they charged off, is this legale?

It likely is, though once they sell the car they can only collect the deficiency balance (plus court costs and attorney fees) if they prevail in the suit. The amount they credit report should be the amount owing at the time of default, and if they credit report a different amount it may be a violation of your rights under the Fair Credit Reporting Act.

cindy 2011-10-14 18:57:25

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One comment

  1. I had credit card debt; I on the phone talked with an agency to settle debt with balance being charged
    off; they operated in the state of Missouri. The debt charged off was sold to another agency in Delaware; no contractual or verbal agreement. I live in Mississippi; the agency is operating under the state of Delaware. They have filed a Civil Suit with a Justice Court. Please advise Statue of limitations? Which state, Mississippi, Missouri, or Delaware.

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