Legal Question in Credit and Debt Law in Texas

Charge off and third party collectors

I bought an auto with a bank loan. I assumed it was paid in full but was recently told that I still owed $304. and it had been charged off. Then a collection agency called and said the auto had been repossed and the charge was for towing....I still have the auto and am currently out of work and can't even afford the $304...This loan is over 4 years past due. Can someone come and reposse the auto?


Asked on 2/22/03, 5:48 am

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Charge off and third party collectors

Any repossession would probably be wrongful, based upon the times you've given. That may not stop them.

Have you spoken with the bank about the note? If you paid it off, they should have sent you the cancelled note and arranged to have them taken off the title as first lienholder.

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Answered on 2/22/03, 12:14 pm


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