Triad Financial Corporation Repo Ripoff car with only 1,000 dollars owed now coming after me for $7,000 6 years later! Huntington Beach California
January 2001, my car was repossed by Triad Financial because according to them i was 90 days past due. I had three months left for my car to be paid in Full. My car notes where $350.00 a month. I owed approximately $950.00 dollars and with late fees which probably put me at $1200. A week before the possession of my car i wired $200.00 quick collect to Triad financial.
the year is now 2007 and Traid financial is after me for $7,000 for this car i orginally owed $1,200.00 for which they repossed. I am currently filing a complaint against them with the attorney general in three states Chicago, California, and Minnesota for their collection practices.
Damita
Bloomington, Minnesota
U.S.A.
2 Updates & Rebuttals
John
Marietta,Georgia,
U.S.A.
Past the statute of limitations...
#3Consumer Suggestion
Wed, July 11, 2007
You debt is beyond the statue of limitations for collection.
Minnesota Statutes of Limitation:
Breach of contract for sale under the UCC: 4 years, (MSA 336.2.).
All you need is to do a little research. Google the Fair Debt Collection Practices Act.
Good luck.
Jeanean
Plymouth,Minnesota,
U.S.A.
I am in Minnesota too.
#3Consumer Comment
Wed, July 11, 2007
Keep the notices going to the Atty. Generals Office. I have sent one to every attorney generals office in this country about Triad. Furthermore, a class action lawsuit has been filed and keep watching for this.