Loan Repossession Legal Options

Summary

If your loan was charged off before payment, you can dispute credit report errors, seek loan reinstatement, or consult a lawyer for legal action. Consider contacting Kia Motors Finance for clarification and documentation. If pursuing legal action, consult a local attorney for personalized advice.

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I had a loan with Kia Motors Finance, which was repossessed. I paid $*.* on February 6th, *, to reinstate the loan and retrieve the vehicle. I was told I'd have online access in two weeks and my next payment was due March 9th. However, I later learned my loan was charged off on January 31st, *, before my payment. After i made the payment they updated the credit report with this info. I received conflicting information: I was told the loan was reinstated, but later found out it was only marked as a "promise to pay."
It sounds like a complicated situation. To better assist you, could you clarify what you hope to achieve? Are you looking to correct your credit report, reinstate the loan, or take legal action against Kia Motors Finance?
i want to know my options
Here are a few options you can consider:
- Credit Report Correction: Dispute the incorrect information with credit bureaus.
- Reinstating the Loan: Contact Kia Motors Finance for clarification and documentation.
- Legal Action: Consult a lawyer for possible legal action against Kia Motors Finance.
Would you like help with any specific option?
yes, legal action
Case Rating: *
Would you like to be connected to local lawyers who can better assist you with your case?
yes, one that will provde me a free consulation
Case Rating: *
Great, it seems like this might be a high-value case. Let's get some more details to connect you with local lawyers who can provide a free consultation.
Can you give me a bit more information about the issue?
yes
Case Rating: *
Great, it seems like this might be a high-value case. Let's get some more details to connect you with local lawyers who can provide a free consultation.
Can you give me a bit more information about the issue?
here is an upload of my situation
Case Rating: *
Would you like to be connected to local lawyers who can better assist you with your case?
If yes, please provide the following details:
*. What is your phone number?
*. What is your zipcode?
*. What is your email address? (optional)
can you tell me when i would be able tospeak with someone?
Case Rating: *
You should receive a call from a lawyer shortly. If you don't hear back within a couple of days, you may want to follow up.