Santander Consumer USA: Auto Loan Account Settlement
Creditor: Santander Consumer USA
Original Dealership: Pearson Ford (Zionsville, IN — Deal #102266, Vehicle Order Agreement 10/03/2022)
Account Transfer Notice: April 3, 2025
Borrower: Zaitullah Jan KhebarKhil
Client Address: 4817 Shadow Pointe Dr, Indianapolis, IN 46254 (also associated with 701 E 21st St Apt 20)
Authorized Representative: Cody Rice Velasquez (info@qially.me / QiAlly LLC)
Date of Settlement Agreement: July 22, 2025
Executive Summary & Settlement Terms
| Parameter | Agreed Term | Evidence Source |
|---|---|---|
| Original Obligation | Auto retail installment loan for vehicle purchased at Pearson Ford | Pearson Ford Deal #102266 / Account Letter 2025-06-06 |
| Account Transfer | Transferred to Santander Auto Account Management | Santander Transfer Notice 2025-04-03 |
| Initial Settlement Payment | $161.00 submitted on July 22, 2025 | Bank transaction / settlement draft |
| Final Settlement Deadline | On or before August 23, 2025 | Formal Settlement Letter Agreement |
| Condition 1: Full Release | Account considered settled in full with all deficiency waived | Settlement Contract ¶ 1 |
| Condition 2: Credit Reporting | Tradelines updated to “Paid – Settled” with $0 balance | Settlement Contract ¶ 2 |
| Condition 3: Cease Collections | All collection activity extinguished permanently | Settlement Contract ¶ 3 |
Procedural Background
- October 3, 2022: Vehicle purchase agreement executed at Pearson Ford (Deal #
102266). - April 3, 2025: Notice received confirming account handling through Santander Consumer USA.
- June 6, 2025: Pearson Ford issued maintenance and account confirmation letter to client’s 21st Street address.
- July 22, 2025: Authorized representative Cody Rice Velasquez negotiated and executed formal settlement agreement, transmitting initial settlement installment of
161.00 with written conditions requiring a complete deficiency waiver and0 credit reporting tradeline.
Evidentiary Documents in Vault
content/50_FINANCIAL/04_CREDIT_DEBT/undated_FIN_agreement_santander_settlement_letter_draft_none.md— Formal settlement textcontent/50_FINANCIAL/04_CREDIT_DEBT/2025-07-22_FIN_agreement_santander_settlement_letter_zaitull_none.docx— Signed correspondencecontent/50_FINANCIAL/04_CREDIT_DEBT/Auto_Loans/2022-10-03_FIN_agreement_pearson_ford_vehicle_order_agreemen_none.pdf— Original purchase contractcontent/50_FINANCIAL/04_CREDIT_DEBT/Auto_Loans/2025-04-03_FIN_notice_santander_auto_account_transfer_not_none.pdf— Notice of account transfercontent/50_FINANCIAL/04_CREDIT_DEBT/Auto_Loans/2025-06-06_FIN_record_pearson_ford_account_letter_none.pdf— Dealership account letter