Auto Loan Inc.

Car loan at repossession stage. Voluntary repo? Bankruptcy? Location: California. I took out an auto loan of \~12k 3 years ago, from a local credit union. My first car- the loan comes out to 5 or 6k more than it would be worth if bought outright… But I was very poor and needed a car. I put down the $2500 that I had, and agreed to a low monthly rate of $200 until paid off. Now, I’ve gone 180 days without paying. I have been dodging their calls, and ignoring the issue (stupid, yes). I called last week and was told I can pay $1500 of missed payments and late fees. I thought “thank god! I can fix this!” It took me a week to get that $1500 together. When I called back 7 days later to pay, they insisted on a lump sum payment of $7500 (the remainder I owe, plus repo fees). I spoke with a supervisor to try and understand what changed in those 7 days (I’d established my intent to pay within the week). She she didn’t give me a clear answer. I asked what outside collection agency they are working with, as I’ve gotten calls and texts from people NOT affiliated with the credit union, but she said they are the sole organization coming after me for the payments. The loaners recommended voluntary repo. Option 1: Repo. My guess is it’ll sell for 2k max. I’ll be left with a debt of thousands of dollars, once I receive the deficiency balance, and no car. I’ve tried to research what the process of paying a deficiency balance off over time looks like, but I’m not really sure. some people say the bank stopped bothering after a couple years. some people say the bank sued them/garnished wages. OR I can file for bankruptcy, and keep the car. That feels drastic, when I have less than 25k in total debt. OR, is there some third option? Your help in this matter is so appreciated 🙏🏻 I take full accountability for making some dumb decisions and ignoring my responsibility to pay for the car… just want to figure out how to best move forward here.

Car dealership desperately wants me to come back and sign a new contract Location: Minnesota, US Hi. I got a car (used) for the first time in my life over a month ago. After I signed my life away at the dealership, they said I would get something in the mail from Wells Fargo (who i got my auto loan through) with information on how to make my car payments. It's been over a month now I haven't received anything from them. During the past two weeks, the dealership has been leaving me voicemails, saying they have a $500 off end of the month coupon they want to give me. My first instinct was, why would a used car salesman want to save me money? So I ignored it and moved on. I called Wells Fargo auto today to see what was going on and they say they have no auto loan on record for my SSN and name. I called the dealership afterwards to see what was going on. They said they didn't push the loan through because they really wanted to save me money with this end of the month coupon, and I can still save $600 (yes the coupon magically went up another $100) if I come in this week to sign a NEW contract with them (despite it being almost into the second week of the new month). This all seems very sketchy and my theory is someone fucked up at the dealership and they're trying to quietly fix the issue. IDK enough about what goes on behind the scenes at a car dealership to know how they could have messed up though. I have the car in my possession but I haven't put any money towards it, other than the down payment. My question is, what could possibly be going on and what should I do. It's all very sketchy.

BDO AUTO LOAN PAST DUE Location: marikina Hi everyone, need advice lang po regarding my BDO auto loan. Nasa 3rd party collection agency na po yung account ko ngayon. May 6 months past due ako, and 8 months nalang sana matatapos na yung loan ko. Nagpunta po ako sa BDO branch and ang sabi nasa around 301k nalang yung balance ko. Pero yung collection agency po is asking for 592k 😔 and nirerequire nila na full payment agad. Hindi na rin daw pwede installment or negotiation. Hindi na rin po ako makapag-pay over the counter sa branch, parang naka-close na yung account ko sa kanila. Sinabi ko po na kaya ko magbayad ng around 300k ngayon (which is close sa remaining balance ko), pero ayaw nila pumayag. Pinipilit nila either full payment sa amount nila or voluntary surrender ng unit. Ask ko lang po: \\- May right po ba silang mag-demand ng ganun kalaking amount? \\- Ano po best option ko dito para hindi ma-repossess yung car? Any advice or similar experience po? Thank you 🙏

auto loan Location: Pennsylvania I recently, a month and a half to two months ago now, definitely over 30 days, I financed a vehicle from a place I had previously bought from. a deer took my first financed car so I went back to see if they could help and they got me into a Prius. I get pulled over picking up my daughter in NY and the troopers tell me the car is not registered titlesd or anything, they can't find any info on it. they thankfully don't tow it because I have my daughter but I call my title division of the loan company today and they say the dealership hasnt sent them the title and they are trying to get it themselves which is why it hasn't been registered. I can not contact the dealership as shortly after the sale they went into "construction" closed the building down and every single number I have, including their posted number on the door of their building to reach out to during construction, have all been deactivated. should I just sit and wait for the loan company to say something or is there legal action I can take here?

​[OR / IN] Co-signer on car loan. Co-borrower surrendered car then passed away. Bank is sending a $10k deficiency balance to a lawyer. Can I negotiate a lump-sum settlement? Location: Oregon and loan is in indiana. I am in a really terrible situation and never thought I would be dealing with something like this. I'm hoping someone here has experience with creditors and collection lawyers and can give me some realistic advice. About 5 years ago, I took out/co-signed an auto loan to help out a close friend. They still owed about $10,000 on the loan. Recently, they were in a really bad accident and couldn't drive anymore, and the car's transmission was completely blown out (it was a 2017 Ford Fusion). Without telling me, my friend voluntarily surrendered the broken car to the bank. Tragically, shortly after this happened, my friend took their own life. Because my name is on the loan, I am now entirely on the hook for it. I just received a deficiency notice from the bank. Because the transmission was blown and the car was damaged, it depreciated heavily and only sold for $2,000 at auction. After fees, I am now legally on the hook for the remaining balance, which is around $10,000. I called the bank immediately and tried to get them to work with me given the extreme and tragic circumstances. The bank flat-out told me they don't care, they are not going to work with me on a resolution, and because of the amount owed, they are referring the account to a lawyer next week to take legal action. I simply do not have $10,000. Coming up with that kind of money right now would literally put me out of house and home. Since the bank refused to help, what are my options when this lawyer contacts me? Is it possible to negotiate directly with the attorney's team to avoid a lawsuit? If I can somehow scrape together a partial payment, would a collection lawyer accept something like 50% to settle the account and make this go away? Any advice on how to handle the lawyer next week w

Co-signer advice/auto loan advice Please someone I need direction. I need advice. I need to know what steps I should take. I wanna know what you would do if you were in my shoes please anybody help! Location: New Mexico Story is I had at least a a car at a dealership that is known to help you get into a car regardless of your credit I did this around March 28 27th around the end of the month. A week later I end up getting fired from my job. I didn’t know what to do. I was panicking because I had just leased this car but the dealership nor did the bank call me so I figured maybe I have some time to find a job and have it go from there. But this Westlake people ended up calling sooner and found out that I was not employed anymore so they were about to take away my car unless I get a cosigner. I didn’t know who to ask I didn’t know who was gonna say yes to me. I had a gut feeling not to ask my brother, but I really needed my car at that time. I was spark shopping and if you don’t know what that is, it’s basically getting paid to deliver groceries for Walmart. I was door dashing. Just trying to make ends meet, and as well to have enough money to pay the car payment, May 2 I also have other monthly bills that I like to add that I do take care of and then I use my grocery delivering money for those small bills. So my car was my only way of getting any sort of money So I asked my brother if he could cosign for me and he said yes. Everything went through. He signed what he needed to sign. I was told at the dealership that he was just a cosigner. I have the text messages saying that. Then I ended up getting a job that will pay me very well and that is full-time and I’m very lucky to have it fully remote so I basically just landed my dream job but like all dreams are like all good things there’s always something there’s always a fine line. This job does not start until May 6. Which is not a problem for me because I can wait that long so I can show at the deale

Auto Loan Identity theft reporting I need some MAJOR help. I’ve been disputing this auto loan for MONTHS now that was opened fraudulently with my identity. It’s off Equifax, it’s now off of TransUnion(I believe), but Experian wont remove it even after uploading supporting documentation; police report, identity theft report, etc. So I have 2 questions, does capital one report the correct TransUnion score? I got a notification today that the auto loan was finally removed and my score went up, went to the TransUnion website and hasn’t updated yet. My second question is how the hell can I get Experian to remove this fraudulent loan from my report? It’s holding me back MAJORLY.

Refinance options on an auto loan? A few years back I made a terrible financial decision and accepted a 10+% interest rate on my auto loan through Toyota finance. Fast forward to today I got my credit score in an amazing place (800’s) and I want to save on my monthly payment that is currently over $1,000 a month. Problem is: I have no idea where to start. I’ve googled auto refinancing and there’s tons of sites. What’s the best place to go to? How do I know what is and isn’t a scam? Should I just stick with big lenders like Chase? Any advice is appreciated!

Been receiving these voice messages for months now. They call everyday to tell me my loan has been approved for $68,000 when I never applied for a loan. Different people call from different states and phone numbers and leave a different callback number. All of the phone numbers given are fake. Here is the voice message I received translated… “ You're nearly approved for 60 Thousand dollars Press one to speak with underwriting Or call 866 959-1025 Before 6 PM If you're still interested, please press one to By pressing one Review your update To talk to one of our senior Writer Finalize your approval Our underwriter will assist you Please For your reference, this is Catherine Wells with personal You might remember applying with us in the past for a personal or con Nation loan at the time we couldn't move forward, but that's changed underwriting has opened up, especially for people With lower credit You still interested press one now With underwriting We reviewed your file this morning You're showing just shy of approval for about $68,000 You can also call back at eight 959-1025 you call ask for the underwing And mention your approval reference if you have one To opt out Nine…” [BBB Scam Type: Credit Cards] [Business: Loan Underwriting] [Location: NV, USA - 89144]

recieved phone call from some one saying that they had papers to serve in regard with lien on home. Gave the reported Ph# and said to call or Home could be taken away without further notice. I called the number and they ID as Crossstate Legal Partners. I looked them up and could not find any mention of the company. They used a old auto loan and said I needed to pay a balance that was delinquent. Auto loan was in 2003 and they did not have the full correct name of the loan company. When I asked how much they told me $7000. I said I could not pay and asked what I could pay. He did not offer a settlement but said make me an offer. I said $2000 and he put me on hold. He came back and said he could take half. I said I need proof of amount and how you are since I can not look you up. He put me on hold again and came back and asked for an email to send a letter to. I gave him a spam email account and I recieved a letter with name of the company and the address of a tower in LA but no phone or mailing address. I again asked why I could not find information on them online and he said they were a private company. I asked for the lawyer name since he started this all off with the threat of a $15000 lawsuit. He put me on hold and after 10mins. the line disconnected. [BBB Scam Type: Debt Collections] [Business: Crossstate Legal Partners Date Repor] [Location: TX, USA - 76033]