a couple of years ago she had to sell her car, which she hadn't finished paying for. The guy that bought the car basically gave her a lump sum and then took over the payments...but, she never made sure he had changed the documents to his name...and then there were a couple of late payments and we found out because the bank called our house (after all, the loan was in HER name!)...the guy paid up and promised to straighten things out...again, I told her she should press on the name change on the loan papers...a few months later again she got phone calls from the bank...again she contacted him, again he paid and,AGAIN, I counseled she follow up...well, yesterday she couldn't access her salary (direct deposit, but account was showing $0 balance!)...she went to the bank to complain and they told her they had frozen her acct because there was 1 payment left on the car, but that was overdue by more than 90 days....totalling $100....she paid them just so they would unfreeze the account (yes, the loan is STILL in her name!)...she's now trying to contact the guy again!!...One part of me feels sorry for her...but another part of me wants to hit her!!
My poor sis...but, then, I warned her!
April 26th, 2006 at 09:22 pm
April 26th, 2006 at 09:29 pm 1146086998
April 26th, 2006 at 09:30 pm 1146087058
It is a good thing I did remove the registration. He never reregistered it. The car was picked up in New Jersey and put in the impound for unpaid tickets. I get a letter of course as the last registered owner from the impound guy threatening me. I call him up tell him I have a bill of sale and he can politely "go pound salt".
In business no kindness goes unpunished. More to the point fool me once shame on you, fool me twice shame on me. It could have gone a lot worse for your sister. I am sure her credit rating has taken a beating.
I hope things work out for her. I am sure she has learned a valuable lesson from all this.
April 26th, 2006 at 09:35 pm 1146087337
April 26th, 2006 at 09:43 pm 1146087800
I think $100 is a cheap lesson learned in this situation!
April 26th, 2006 at 10:37 pm 1146091026
April 28th, 2006 at 05:46 pm 1146246372