Mr.jones
Forest City,#2Consumer Suggestion
Thu, April 06, 2006
Same story, different names. I cant make the payments so the bank wants my car back. I know people have hard times but folks, we cant blame the people we owe for wanting their money. 3 months behind, yes, I would come get the car also. People dont understand that even banks and lenders have bills to pay also. And if they cant collect whats owed to them, then how can they pay their bills. I just payed off a loan with americredit, yes they call when your late, and they call mutiple times a day if you do not answer the phone or return their calls. yes they charge for deferments, however, i must say, even when i got a few months behind, they would work with me. Now saying that, you cant make a deferment one month then be late for the next payment due. deferments cost, but they also give us a chance to get our finacials in order, a little bit anyway. No they may not be the greatest lender out there, but they do deserve a little more credit than what they get on here. I mean, they helped us obtain a vehicle when we needed it, all they expect is to be paid back. on time.
Hilda
Marysville,#3Consumer Comment
Tue, April 04, 2006
My report is a little down from yours. So sorry for all the trouble your having and fresh from college. We are in our early fifties and we still going through troubles. First of all if they sue you make sure you go to court and defend yourself. Let the judge know all your problems. Show any records you have. Because they will try to garnish your wages if they win. As we were garnished March 10,2006. We've had to cancell our medical insurance for a family of 5. I've researched that if any losses result due to the garnishment they can be liable. So if we suffer a medical catastrophe they will be getting alot of medical bills to pay. They can only garnish $150.00 for our family of 6 and husband sole provider. That's per month. If you claim bankruptcy you won't be able to erase your student loans. So prioritize them! You can get wage garnsihment for student loans. I think you have 10 years before you have to worry about them. If you don't have a lot of stuff and make under 70,000. per year you could claim bankruptcy and erase all debts and start over. That's what my two nieces did fresh out of college. Take care, Hilda