[Faxmachine]

My question involves an auto loan or repossession in the State of: California


Hello,
A few years ago my GMC truck was repossed and sold. I was tolded I owed the difference of $2,000. On my credit report it says:

G M A C

Status:
Transferred,closed/Account charged off. $15,246 written off.

Creditor's Statement:
Purchased by another lender.

Account History:
Charge Off as of Jun 2005
Repossession as of Jun 2005, May 2005
60 days as of May 2005
30 days as of Apr 2005

Does this mean I still owe the $15,246 or it really means the account is closed?

Thank You

[LawResearcherMissy]

It means the account is closed.

[Mr. Knowitall]

If you still owe them money on the truck, their closing the account does not prevent them from pursuing you for the money you owe.