What should I do to get rid of a charged-off account?
Date: Fri, 07/26/2013 17:22
My ex-husband took out an auto loan in 2010. He has not made payments after March 2011, which is exactly the time when we got divorced. My name is on the loan agreement but I have never used the money. The account was charged-off in 2011 only. My ex-husband's car was auctioned and sold off. The deficient amount is $4500. I don't know if the account is with a collection agency. I'm sot sure as to how to deal with the account. I want to get this account removed from my credit report. Am I still responsible for the debt? We are a divorced couple in National City, CA. Why should I still be responsible for the debt?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.