Krista
Wichita,#2Consumer Suggestion
Tue, October 14, 2003
I work for a vehicle finance company (not this one) and here's what it sounds like to me... In order to "take over" a loan properly, you would of had to fill out an application and, once approved, sign a contract. If you did not do this then you are driving a car that is not yours. The contract is still legally in the original owners name and therefore you are not allowed access to the account information over the phone (if they have internet access I don't know if you can get it that way) You shouldn't have been able to register the vehicle or get insurance to cover the vehicle and the company probably added insurance because they couldn't verify outside insurance. It was against the contract for the original owner to allow you to drive the vehicle without completing the proper paperwork. Collections won't care who they contact about payments so even if they called you, that doesn't mean a thing. The good news is... If you did not properly "take over" the loan then it is not affecting your credit (your also not getting credit for timely payments) so you could let the car get repossessed and it wouldn't hurt you. The fraud attorney and the Attorney General's office won't be able to help you if you didn't do the paperwork... GOOD LUCK!!!
Krista
Wichita,#3Consumer Suggestion
Tue, October 14, 2003
I work for a vehicle finance company (not this one) and here's what it sounds like to me... In order to "take over" a loan properly, you would of had to fill out an application and, once approved, sign a contract. If you did not do this then you are driving a car that is not yours. The contract is still legally in the original owners name and therefore you are not allowed access to the account information over the phone (if they have internet access I don't know if you can get it that way) You shouldn't have been able to register the vehicle or get insurance to cover the vehicle and the company probably added insurance because they couldn't verify outside insurance. It was against the contract for the original owner to allow you to drive the vehicle without completing the proper paperwork. Collections won't care who they contact about payments so even if they called you, that doesn't mean a thing. The good news is... If you did not properly "take over" the loan then it is not affecting your credit (your also not getting credit for timely payments) so you could let the car get repossessed and it wouldn't hurt you. The fraud attorney and the Attorney General's office won't be able to help you if you didn't do the paperwork... GOOD LUCK!!!
Krista
Wichita,#4Consumer Suggestion
Tue, October 14, 2003
I work for a vehicle finance company (not this one) and here's what it sounds like to me... In order to "take over" a loan properly, you would of had to fill out an application and, once approved, sign a contract. If you did not do this then you are driving a car that is not yours. The contract is still legally in the original owners name and therefore you are not allowed access to the account information over the phone (if they have internet access I don't know if you can get it that way) You shouldn't have been able to register the vehicle or get insurance to cover the vehicle and the company probably added insurance because they couldn't verify outside insurance. It was against the contract for the original owner to allow you to drive the vehicle without completing the proper paperwork. Collections won't care who they contact about payments so even if they called you, that doesn't mean a thing. The good news is... If you did not properly "take over" the loan then it is not affecting your credit (your also not getting credit for timely payments) so you could let the car get repossessed and it wouldn't hurt you. The fraud attorney and the Attorney General's office won't be able to help you if you didn't do the paperwork... GOOD LUCK!!!