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Trading in Car With Money Still Owed on It Leads to Financial Nightmare for Maryland Couple

But shortly after trading in his car, Katende got a call from Flagship Credit, the loan company that financed it. Flagship was looking for his payment on the car. “I was frank with him, I said, ‘Hey, I traded the car. I don t have it, Katende said. The phone calls from the loan company kept coming, and according to Katende, they were getting impatient. “They were calling me at work, my phone like three to four times,” he said. Then he received a notice of intent to repossess the car, which was posted for sale on the dealer s website. The dealership told NBC4 Responds it sent Flagship a check July 29.

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