Car Repossession And Sale

Summary

If you stop making car payments, the lender can repossess and sell the vehicle. They must sell it for a reasonable market value and inform you of the sale and any remaining debt. If the repossession affects your credit score, you can request detailed information from the lender about the sale and its impact. Consider sending a formal letter to the bank requesting details about the repossession, sale price, and any remaining balance. This can help clarify the situation and address any credit score issues.

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This happened to me a few years ago, the car hot repossessed buf the bank madd a default on my credit score. Can you prepare me a letter asking them to provide all the information about the sale etc
Sure, here's a draft for your letter:
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[Your Name]
[Your Address]
[City, Postcode]
[Email Address]
[Phone Number]
[Date]
[Bank's Name]
[Bank's Address]
[City, Postcode]
Dear Sir/Madam,
Subject: Request for Information Regarding Repossession and Sale
I am writing to request detailed information regarding the repossession and subsequent sale of my vehicle, which occurred a few years ago. Additionally, I noticed a default on my credit score that I believe is related to this matter. To clarify and resolve this issue, I kindly ask for the following information:
*. The date and circumstances under which the vehicle was repossessed.
*. The sale details of the repossessed vehicle, including the sale price.
*. The method used to determine the sale price.
*. Any remaining balance after the sale and the steps taken to notify me of this balance.
*. Documentation showing efforts to inform me about the sale and remaining debt.
*. Clarification on how this repossession has impacted my credit score.
I appreciate your prompt attention to this matter and look forward to receiving the requested information within the statutory period allowed.
Thank you for your cooperation.
Yours sincerely,
[Your Name]
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Feel free to modify any details as needed.