I purchased a 97 escort in the year 2000 for $10,000. placed on 5 yr payment plan of $243.00 per mo. At the end of my 5 yr period in the year 2005. I contacted Arcadia to ask them to send me the title because I thought the car was paid off. Come to find out, my account was no longer through arcadia, it was through citi bank now. THey informed me that I still owed around $3600.00 for the car, I told them that was impossible and asked them to send me an itemized list of all my payments towards my car. They sent it, & when I added up all the payments I had made in the last 5 years, it all added up to a shocking $18,000. that's $8,000 more than what I purchased the car for. and yet they still want more money from me. they claimed it's interest and late fees I owe. I told them 2 years ago that i will not pay them another dime & if they want they can come get the car, they never came for the car. and I have not heard from them since. so i want to know if i can file for a lost title.
2007-11-09
03:34:49
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1 answers
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asked by
Anonymous
in
Personal Finance