I had bought a car in july of 2004 for $10,000, while living with a boyfriend and raising my daughter. In january 2005 he moved out leaving me with my daughter, rent, and the car and insurance payments. I couldnt afford it and fell behind, only by a month but i knew it was going to get worse before it got better, so i decided to have the car voluntarily repossessed. After what i managed to pay off and what they got for it at auction I still owed a little over 5600. A local debt collector finally got a hold of me a couple months ago, however they are saying i owe over 11000. They said that its the interest that has continued to accumulate since i had it voluntarily repossessed. How is that possible?
also when i checked my credit report it says im delinquent on just over 5600.
Where does the $11000 come from?
also since a debt collector obviously bought the debt, is there anyway to still deal directly with the original loaner?
thanks for any help!
btw i live in pennsylvania