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Can a collection agency repossess a car that a bank owns but you are making payments on to the bank?


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Wiki User
2015-07-14 16:06:41
2015-07-14 16:06:41

carolene, normally, banks dont turn accts ovet to CA unless the payments are NOT being made. Have you bothered to call the bank and inquire as to why this is happening?

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If the debt was properly assigned by the original creditor, yes. If you are making payments to the Original creditor than ask them to pull it back from there Collection agency, then dispute with the CRA's and when they update it should delete

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Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the cosigner.

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Only if you stopped making payments and are behind on your on your payments.

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if collection agency is not from your lender, but third party, then you need to fax them proof of your payments to your lender or financial insitution and have them send you a letter stating that they will not report you to credit bureau. and also have them contact the collection agency you are making payments. asian623 http://www.myspace.com/scionturboracing


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