It all depends on the contract you signed with Ford Credit - more than likely it had a clause they could sell your loan and or turn unpaid loans over to a collection agency and they can pull your credit as they need or want to -Originally Posted by crappieseeker
if they have put this on your credit report you can contest it in writing and if the agency reporting this to the credit bureaus do not respond in writing within 30 days they must take it off your credit report - you may still want to have a lawyer to write a letter to the credit bureaus and this collection agency - but they cannot put a lien on any property without some type of court action - the amount of the loan is going to be factor also - if it is less than $2500 in most states it will go to small claims and more than likely they will not bother with the cost of this action but will continue to harass you by phone and send you threatening letters - I am not a lawyer nor do I play one on TV - I have experience in the civil court system as Deputy Sheriff serving civil processes - if it were me I would seek advice from a reputble attorney(not easy to find - LOL) I have lots of friends that are attorneys - I tell them the same thing