Crystal
Jay,#2Consumer Comment
Mon, October 06, 2008
I have struggled with my own 7 year battle with American Investment Bank, N.A. What I discovered in the past month by doing online research is that American Investment Bank, N.A., home office in Salt Lake City, Utah liquidated their assets and voluntarily closed their doors in July of 2005. I obtained this information by visiting the website of Office of the Comptroller of Currency and the website for Federal Deposit Insurance Corporation. Both of these websites contain information about American Investment Bank, N.A. I went a step further and began doing research of actual court cases filed in Oklahoma District Courts involving American Investment Bank, N.A. and found that there have been no money judgments filed in court with American Investment Bank, N.A. as the plaintiff since they liquidated in July 2005. However, I did find two cases that have been filed that listed Cavalry Portfolio Services, LLC as Assignee of American Investment Bank, filed 1-15-2008. In the second case, Crescent Bank and Trust is listed as the assignee of American Investment Bank, filed 4-21-2006. The same law firm that represented American Investment Bank, N.A. in January 2002 when a money judgment was filed against me is still the same law firm that continues to file "one time" garnishments against my checking account, which freezes my account, any and all funds are withdrawn and held by the bank. I always file a claim for exemption and request for a hearing. The attorney never shows up for court and I usually win by default and get my money back. However, it always puts me under a great deal of financial hardship trying to survive financially for the 2 to 3 weeks that it takes to get my money back. I have researched my own particular case and it has come to my attention that the attorney who represented American Investment Bank at the time they won the money judgment against me have actually stepped up the frequency by which they file these "one time" garnishments against me ever since American Investment Bank, N.A. liquidated and voluntarily closed their doors. The other thing that I discovered in the past month is that Cavalry Portfolio Services, LLC has been doing routine credit checks on me for the past 2 1/2 years, yet have not contacted me as to "why" they are checking up on me. My own dilemma is that if I pay this law firm who claims they still represent American Investment Bank . . . who is really putting all my hard earned money in their pocket? The law firm? And then can I look forward to Cavalry Portfolio Services, LLC contacting me in the future to announce that I owe them money too for the same car that American Investment Bank repossessed and sold at half fair market value 8 years ago?
Aib rape victim
Kenosha,#3Author of original report
Fri, July 25, 2008
The Utah phone number the DMV gave me, which they presume was placed on the title in 2000, is now a 2008 psychic hotline. All sites I have tried online labeled as American Investment Bank have phones disconnected, or they transfer you to fraud report, or they are new service for other businesses. There are more reports of fraud against this named bank than there are sites to find out who did this to my car title.