Personal Finance
Money Management

Does a loan company that does a voluntary reposession have to tell you how much the car sold for at auction and then deduct it from your amount owed before they report it to a credit agency?


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Wiki User
2006-06-13 03:56:30
2006-06-13 03:56:30

They should.You can dispute it with the credit agency.Send the credit agency a dispute letter .

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it will be on there as soon as the order gets sent to the repo company, they are the collection agency. after they repo ur car and it gets sold at auction ur credit score will change .

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