Credit problems, i think the creditors are trying to get more money

Question

when my husband gave his car back he had a balance of 5,900, when we tried to offer an settlement to pay half, they said he had a balance of $9,000. they sold the car in an auction for $6,900, now they saying that he still owes $9,000 after the car was sold because of interest, my mortagage broker said that they are not suppose to keep adding interest on the car. can they still do that, in march 07 the car balance was $5,000, and the sold the car in march 07

Answer 1

interest, fees, etc....all legal.

If you let this go it will only get bigger.

Your mortgage broker needs an education.

Answer 2

Send the creditor a certified, return receipt letter requesting a statement showing how they arrived at the current balance, including detailing all fees and interest.

They have undoubtedly added various fees for the repo and the auction.  It's not unusual for the amount owed to be as much as before the car auction price was deducted.