Legal Question in Credit and Debt Law in California

false report of loan default

Chase Manhattan, overtook old Bank One lease. When lease exp. I informed Chase, dealership had closed. NO letters, no phone calls, they simply repossesed truck couple months later. A rep. handling acct. assured me that it was simply picked up, nothing to do w/ not paying loan(NEVER was late).Asked for verification letter. Received letter stating repossession for ''defaulting on loan''! They have been excruciatingly difficult/imcompetant to deal with. Desperately wanting advice re: legal action.


Asked on 1/23/07, 7:04 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: false report of loan default

If it appears on your personal credit report, you would have more of a dispute. However, if the lease expired, and your company's no longer in business, it should make no difference. If necessary, send a certified/return receipt letter to them (keep a copy), explaining all of this and advising that if they have different information, a response would be their opportunity to provide it.

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Answered on 1/23/07, 7:16 pm


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