I have had my car loan for about a year now, and have never missed a payment. My co-signer declared bankruptcy about six months ago, but my finance company told me as long as I continued to make the payments they would contact me about removing the co-signer/refinancing to make me sole borrower. They never contacted me, but I continued to make the regular payments by check (which they cashed each month) but now the company is telling me I am three months behind and they are going to repossess. I had no prior correspondence (either written or verbal) about non-payment or even late payment until about a week ago when they started threatening repo. I am already requesting the cancelled checks from my bank to show proof of payment, but is there anything else that can be done? I am just so frustrated that I have done nothing wrong (i.e. I have been faithfully paying for my vehicle on time and the full payments) for over a year and am now facing this. Help!
2006-06-15 19:38:58 · 5 answers · asked by oznerol62481 2 in Business & Finance ➔ Personal Finance
Since you have a computer go to your banks online service bring up the payments. Call the Loan Company while online discuss it with the manager in charge. Explain to them the problem you are haveing. A Friend of mine just went through this an she claim bankruptcy just prior to this but kept the car and payment. But what had happened is the payments go to a lock box and sit there and when they finally put it in they credited the wrong account. They were showing her two months behind an her payment were there on the first of every month. Plus get there building address not a po box and send the payments to that addrress.
2006-06-16 04:00:06 · answer #1 · answered by Karen B 1 · 0⤊ 0⤋
I would suggest phoning a lawyer and asking him/her to file an INJUNCTION against their taking the car until the dispute is settled. If it's getting to the point where minutes count, visit your bank personally (where you have your checking account) and ask for the cancelled checks or copies of them to be handed to you right then. Tell them you will wait there until they are ready. If they have to keep looking at you standing there, they will get it done more directly. When you get your cancelled checks, call and make an appointment with a supervisor or manager in the Credit or Loan Department where the car note is being called in, and bring them in to discuss the problem in person. Be clear and respectful but make sure they know that if this cannot be resolved immediately, your attorney will take over from you and get it done. You have rights and they are not being respected in this situation. Don't let the Big Boys beat you. Good luck!
2006-06-16 06:18:05 · answer #2 · answered by jussamagin2 3 · 0⤊ 0⤋
Get a lawyer to draw up a letter stating what you just said, that should give you time to get your bank info to them. You might think about writing your problem on bright paper and putting it on windows of cars parked at that bank letting them know they might not want to bank there. It is not against the law to tell your story. Maybe the bank might try to cooperate a little better. Good Luck!!
2006-06-15 19:53:54 · answer #3 · answered by clbinmo 6 · 0⤊ 0⤋
take your cancle check or bank statments an go see them one time i put down the wrong acc # on check but got it resolved
2006-06-15 19:47:35 · answer #4 · answered by stillhappy89 4 · 0⤊ 0⤋
call a attaorney, many will give free advise on the phone
2006-06-15 19:42:32 · answer #5 · answered by G. M. 6 · 0⤊ 0⤋