Legal Question in Consumer Law in Kansas

refinance questions

In 1995 we financed an automobile with a finance company. In 1996 we refinanced the loan through a bank. The finance company signed away the title to the bank when they quoted them a price. In 1999 the finance company said we owed them $1000 from an allotment error. We contacted a lawyer who informed them to prove we owed it. We never received anything nor ever heard from them again. Now we are trying to purchase another vehicle, but cannot because the finance company put a charge off/ repo on our credit report and they still expect us to pay the amount. Can they do this especially after three years? And do we really owe it? If we do not, how do we get it taken off of our credit report?


Asked on 2/17/03, 7:04 pm

1 Answer from Attorneys
Anthony Smith LawSmith

Re: refinance questions

Tell the credit reporting bureau (in writing) that you want the debt verified or removed. If they do not remove it, demand that your explanation commentary be put on any report containing that amount listed by the finance company. You may be able to get the finance company to request that the information be removed from your report, but the legal fees to do so may equal the amount of debt listed.

Good luck,

Tony Smith

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Answered on 2/18/03, 9:33 am


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