- Report: #761892
Complaint Review: fairlaine credit - colorado springs Colorado
Reported By:
sue -
syracuse, New York, United States of America
Submitted:
Updated:
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Author Not Confirmed
Why?
fairlaine credit
9930 federal dr colorado springs, Colorado, United States of America
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fairlaine credit THEY TOLD ME THEY HAD NO INTEREST IN THE CAR AND NOW THEY ARE SUING ME FOR 18,000 AND I ONLY FINANCED THE VEH FOR 10,000 colorado springs, Colorado
i financed a veh with fairlaine credit in 2004 they repossessed my car because i was $53.00 short i contacted my attorney and he said if i wanted the car back i would have to do the bankruptcy where i paid everyone back i did that got my car back in 3 days, in the meantime i lost my job couldnt continue on with the bankruptcy contacted fairlaine credit in good faith to set up some type of payments i was told by the representative that they had no interest in the car so to me that meant it was my car free and clear never heard from them at all until i was pulled over by the police they impounded the car i didnt go back and get it because it needed a new engine all of a sudden out of the blue fairlaine started garnishing my wages for 18,000 i only financed the car for 10,000 my misunderstanding is if someone says they dont have any interest in something that means they dont want it i dont know what happened whether they auctioned the car off or anything never heard from them until i saw money taken out of my check i feel this is very unfair because they garnished my wages at my last job for about 2 years for 18,000 dollars and now i have a new job and they sent me a income execution letter saying the amount is still 18,000 dollars how can that be these people are ridiculous and need to be put out of business
1 Updates & Rebuttals
Jim
Orlando,Florida,
USA
Your Definition Doesn't Matter
#2Consumer Comment
Sun, August 07, 2011
It wasn't "out of the clear blue sky". For a creditor to obtain rights to garnish, they must file a lawsuit against you at which point you are served or notified. Your failure to attend the hearing means they obtain judgement against you and begin collections up to and including garnishment.
You signed a contract to make the payments. You failed to make those payments thus turning on the collections efforts which can include interest and fees.
At this point, you can reopen the BK process which may stop any further garnishment.
No, they don't need to be stopped or shut down. Borrowers need to take their financial responsibilities seriously up to and including increasing cash flow by part time jobs or even a second job. That's how a mature person handles these things.
