Quote:
Originally Posted by rastoma
This is the first collection letter I've received in a LONG time and the first ever since learning about credit repair. In the letter it says if I don't reply within 30 days they will assume the debt is valid.
I'm not setting a precedent or painting myself into a corner am I?
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They can assume all they want to, it won't make a difference if they sue you for it. If it were me, I'd lay low. You respond and you've given them ammo that you are alive and well. Keep the letter and start a file. And no, you are not setting a precedent or painting yourself into a corner as you know for sure you owe the deficiency from what you owed and what it was sold for at auction. You just may not know the exact amount which is a minor thing if you are sued. You already stated that you voluntary gave up the vehicle. Do you have all the paperwork from where the OC repoed it? What are the procedures in TN on a voluntary repo? Was it repoed correctly according to statute? Until I knew that for sure I wouldn't do a thing.