Horse with no brain - My daughter was 4 days late on her car payment

[ScubaGuy]

I'll guess that parts of this story are true, but the the parts that Horse talks of.
Horse with no brain

Horse with no Name Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Apr-30-11 01:07 AM
Original message
My daughter was 4 days late on her car payment   Updated at 2:15 PM
   
She called the bank to get an extension for 6 days.

They were rude and condescending.

Told her that her car was scheduled to be repoed. :wtf:

The lady told her that the bank was tired of all of the late payments by everyone and was going to start cracking down on everyone and start picking up cars and stop extending payments.

Personally? I think they are bullying her because she owes about $2k on a car that books out at $16k and they want to find a way to take it.

I told her this bank wasn't anything but a tote-the-note lot.

Ultimately, they did give her the extension...but they did it after demeaning her and worrying her.
I am so sick of these parasitic ****ers.

Total BS.  No bank is going to repo a car at 4 days late.  4 months maybe but not 4 days.

Obamanaut Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Apr-30-11 01:36 AM
Response to Original message
5. Was it her first extension and/or late payment on that loan? nt

Horse with no Name Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Apr-30-11 08:41 AM
Response to Reply #5
11. Yes.   Updated at 2:15 PM
   
She said she got the distinct impression that she was being punished for other people being late.

That's why I thought that they were trying to get the car back. It seems so unreasonable.

Horse with no Name Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Apr-30-11 08:40 AM
Response to Reply #6
10. Part of the condition of getting the credit   Updated at 2:15 PM
   
They installed a GPS on it.

My thoughts were that they just want the vehicle because she has so much equity in it. She put nearly $10k down on it.

We talked about several options--one being making a payment every payday. Another is refi at a local bank.

We aren't sure what are her best options at this point.

But-you gave very good advice.

Thank you.

There's the key point.  I know a guy who works at a used car lot and they install one on all high credit risk customers.
I  have a feeling that the little horse has skipped on other payments before this car.

Hassin Bin Sober (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Apr-30-11 10:40 AM
Response to Reply #10
16. Did she have rough credit going in to the original transaction?
   
Why the GPS unit?

I'm a little rusty as I've been out of the auto finance business a few years. Some of this new technology like GPS and ignition kill switches came after my time. I spent 11 years as a finance manager in a dealership.

If it was a rough credit loan then she was right to contact the lender and ask for an extension because they would have been bugging HER after a few days past due. That's what the rough credit loan people do - they COLLECT.

If it was a regular bank I wouldn't even advise her to call for only a few days. She will only bring grief on herself by reaching out to some collection clerk who only knows one thing - COLLECTING. Other wise they probably wouldn't call her before thirty days or close to it.

No answer from Horse.  Wonder why?

[Freeper]

I wonder if demeaning her was them telling her if she makes this agreement she better honor it.

The little DUmmyette got her damn extension and she and her moonbat mommy are still crying. 

[GOBUCKS]

10. Part of the condition of getting the credit   Updated at 2:15 PM
   
They installed a GPS on it.

My thoughts were that they just want the vehicle because she has so much equity in it. She put nearly $10k down on it.

Wow. $10K down on a $16K beater, and still no credit without a GPS to guide the repo man.

I think DUmmy Bird with no Brain is leaving out a lot of gory details here.



But at least she's getting the benefit of a lot of DUmp wisdom:

MindPilot (1000+ posts)      Sat Apr-30-11 10:32 AM
 
13. The first thing I would do is disable that GPS 

[Thor]

This story smells of BULLSHIT!! Most lenders won't contact a person 4 days late. Once it gets to a month late, they start calling. Over two months late and they start the repo process. That said, if she went to one of these high interest used car lots that deal with bad credit people, that MIGHT be different.

[DLR Pyro]

The lady told her that the bank was tired of all of the late payments by everyone her daughter and was going to start cracking down on everyone her daughter and start picking up cars and stop extending payments to her daughter.

edited for a more realistic story

[Tucker]

I need a refresher.

Didn't her, most likely illegitimate offspring, just go through a problem with another finance company over a cell phone that she bought and financed for someone else, who didn't pay for it? And didn't that other person co-sign for the DUmmy offspring for something or another?

Great job of parenting there brainless.

[franksolich]

I need a refresher.

Didn't her, most likely illegitimate offspring, just go through a problem with another finance company over a cell phone that she bought and financed for someone else, who didn't pay for it? And didn't that other person co-sign for the DUmmy offspring for something or another?

Great job of parenting there brainless.

Yeah, the one and same.

But it's really difficult to feel any sympathy for Ms. Ed, the unappellated eohippus, the High Priestess of Moloch to the primitives, because she's such a drek.

There's only three primitives who are drek, remember, and Ms. Ed is one of them.

Ms. Ed is such a nasty hate-filled person she deserves ten times or more the grief she gets.

[GOBUCKS]

I need a refresher.

Didn't her, most likely illegitimate offspring, just go through a problem with another finance company over a cell phone that she bought and financed for someone else, who didn't pay for it? And didn't that other person co-sign for the DUmmy offspring for something or another?

Great job of parenting there brainless.

Yep. Either Horse with no Brain has a Daughter with no Brain, or else she's using this daughter angle to spin her financial bouncy tales.

Horse with no Name  (1000+ posts)        Fri Mar-25-11 12:49 PM
Original message
"I'm sorry. You bought it 40 days ago. Our return policy is within 30 days." 
 
Grrrrr....

My daughter and her friend purchased an expensive television from Sears 40 days ago. It was ordered and wasn't delivered until 33 days ago.

The friend bought it in their name...but my daughter was going to make the payments.

Their friendship has ended. This person left and dumped the rent and utilities and lease and everything on my daughter. It was a one year lease. My daughter also purchased a new IPhone for this person who refuses to return it. Now, there is this TV to deal with. My daughter is still willing to make the payments on it. The other party is threatening her...stuff like "I will **** you up if you ruin my credit"...that kind of stuff. This is a 2-year contract to deal with this shit.

So, I call Sears. I do a lot of business with Sears. I explain the situation to the customer courtesy clerk--apparently there is NOT a manager anywhere in the store.
I ask if there is any way that they can return this TV and pay a restocking fee since theoretically it is 33 days since delivery--3 days over the policy.

They would not take it back. They said they didn't care if it was repossessed because nobody would pay for it.

I am of the opinion that sometimes you have to cut a little slack. This TV isn't in any different shape than it was 3 days ago.

Fine. They just lost a very good customer. I will not enter their store again. But it goes to show that corporate Amerikkka does NOT care about consumers. Point taken. Loud and clear.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=738846&mesg_id=738846

[Tucker]

Yep. Either Horse with no Brain has a Daughter with no Brain, or else she's using this daughter angle to spin her financial bouncy tales.
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=738846&mesg_id=738846

I would say the latter is correct.

This place sounds like one of those high risk places that demand a 50% down payment in lieu of a credit check. If you don't pay, the GPS will let them know where the vehicle is located. They use to put kill switches in them. There was a big write up in the paper about them. Cars were dying at red lights causing all kinds of problems. 

[ChuckJ]

Horse with no Name Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Apr-30-11 01:07 AM
Original message
My daughter was 4 days late on her car payment   Updated at 2:15 PM
   
She called the bank to get an extension for 6 days.

They were rude and condescending.

Told her that her car was scheduled to be repoed. :wtf:

The lady told her that the bank was tired of all of the late payments by everyone and was going to start cracking down on everyone and start picking up cars and stop extending payments.

Personally? I think they are bullying her because she owes about $2k on a car that books out at $16k and they want to find a way to take it.

I told her this bank wasn't anything but a tote-the-note lot.

Ultimately, they did give her the extension...but they did it after demeaning her and worrying her.
I am so sick of these parasitic ****ers.

Horse with no Name  (1000+ posts)        Fri Mar-25-11 12:49 PM
Original message
"I'm sorry. You bought it 40 days ago. Our return policy is within 30 days." 
 
Grrrrr....

My daughter and her friend purchased an expensive television from Sears 40 days ago. It was ordered and wasn't delivered until 33 days ago.

The friend bought it in their name...but my daughter was going to make the payments.

Their friendship has ended. This person left and dumped the rent and utilities and lease and everything on my daughter. It was a one year lease. My daughter also purchased a new IPhone for this person who refuses to return it. Now, there is this TV to deal with. My daughter is still willing to make the payments on it. The other party is threatening her...stuff like "I will **** you up if you ruin my credit"...that kind of stuff. This is a 2-year contract to deal with this shit.

So, I call Sears. I do a lot of business with Sears. I explain the situation to the customer courtesy clerk--apparently there is NOT a manager anywhere in the store.
I ask if there is any way that they can return this TV and pay a restocking fee since theoretically it is 33 days since delivery--3 days over the policy.

They would not take it back. They said they didn't care if it was repossessed because nobody would pay for it.

I am of the opinion that sometimes you have to cut a little slack. This TV isn't in any different shape than it was 3 days ago.

Fine. They just lost a very good customer. I will not enter their store again. But it goes to show that corporate Amerikkka does NOT care about consumers. Point taken. Loud and clear.

It could be that back during the reign of the BFEE the economy was in good enough shape that companies could bend the rules a bit, but since the goons that Horse with No Brain helped elect took over and tanked the economy the companies are having to stick to the letter in an attempt to stay in business.

Sounds like Horse with No Brain voted against her best interest.

[compaqxp]

I missed a car payment a few years ago by mistake and I was in no threat of having it repoed.

If it's true they would repo it after 4 days there is quite a bit not being said by the post. I call BS.

[Evil_Conservative]

My loan company (Wells Fargo) and my husband's (Compass Bank) both have a ten day grace period.  I would imagine on the 11th day, the bank(s) would start calling us.  We have never been late on our payments, so I do not know how that works.  We are responsible and pay our bills on time.  My husband overpays his car payment by $50 to $100, depends how much extra money we have.  My car payment is only paid an extra $10 or $20 per month.

Not sure about that GPS installed on her car though.  That would really piss me off.  I do have a GPS unit in my car, but that's for my personal use.  Not for the bank to use to try and intimidate me.  I'd have my husband find it and immediately uninstall it.  Then I would return it to the dealership or bank and say, "nice try, now have a wonderful day"

I am not okay with people being tracked because they are "high risk".  It's just not cool.  I'm sorry.

[Thor]

It's probably not a GPS, per se, but more than likely a Lo-Jack or some other sort of GPS tracking device. I've read of those being installed by some car dealerships.

[Evil_Conservative]

It's probably not a GPS, per se, but more than likely a Lo-Jack or some other sort of GPS tracking device. I've read of those being installed by some car dealerships.

I just asked my husband about this, because it seemed odd.

He said those small dealerships (maybe like DriveTime) put GPS in cars and then charge a 35% interest on the loan.  One of his ex-employees (got fired) bought a car through a DriveTime type of dealership a month or so before he was let go.  My husband said his car DID have a GPS installed on it and it even said it would be there in the loan paperwork.  If one were to sign that in agreement, too bad, that's your fault.  Now if the bank stuck a GPS unit on the car, without the knowledge of the owner, then that's BS.

My husband did say it was like Lo-Jack on his car though.  They treated his car like a rental car.  The company allowed him (the ex-employee) to switch cars every six months.  But he had to pay $250 a month.  He was basically renting a car.  Sounds dumb.  

It must suck to have really really bad credit and be unable to get a loan through a large bank or even just a credit union.

[GOBUCKS]

I am not okay with people being tracked because they are "high risk".  It's just not cool.  I'm sorry.

The tracking device was a stated condition of the loan, according to the DUmmy, not something added surreptitiously by the evil lender.

The alternative was for the DUmmy to refuse the loan.

Many DUmmies wear tracking devices on their ankles, so another one in the car should be no problem.

Deadbeats have to tolerate a lot of uncool things. It's among the main reasons to avoid being a deadbeat.

[Mike220]

The tracking device was a stated condition of the loan, according to the DUmmy, not something added surreptitiously by the evil lender.

Yup. I actually had to sign a part of my contract that they were putting one on my car, what they would do with it, etc.

I'll admit, I have one. It's what I get for being stupid when I was 19,20 and 21. But now I've never missed a payment and only had to call once and get an extension. They were very cooperative and willing to work with me. Probably because I've been a good payer.

[NHSparky]

I am not okay with people being tracked because they are "high risk".  It's just not cool.  I'm sorry.

Are you okay with those people passing on the higher costs to you?  Higher credit rating requirements?  Higher interest rates?

Face it--if someone wants the loan and doesn't abide by the terms, too GD bad.  Cool or not, they have bad credit for a reason.  They don't HAVE to get a loan, they can also save up, or get something smaller.

And really?  $10K down?  Hell of a used car if you gotta put that much down.  I don't think I bought a NEW car worth that much until 10 years ago.

[Rufus2010]

Could this be her? (on the right)

[Evil_Conservative]

Are you okay with those people passing on the higher costs to you?  Higher credit rating requirements?  Higher interest rates?

Face it--if someone wants the loan and doesn't abide by the terms, too GD bad.  Cool or not, they have bad credit for a reason.  They don't HAVE to get a loan, they can also save up, or get something smaller.

And really?  $10K down?  Hell of a used car if you gotta put that much down.  I don't think I bought a NEW car worth that much until 10 years ago.

No, I'm not.  I posted another reply after my original one about tracking owners.  If the person is aware of the tracking device, that's fine.  If they were NOT aware of it, then no, it's not cool.  In this case, it seems as though Horse with no brain's daughter is fully aware that there is a tracking device on the vehicle.

I was cranky this morning and should have just put it all in one reply. 

[The Hollywood NeoCon]

Yeah, the one and same.

But it's really difficult to feel any sympathy for Ms. Ed, the unappellated eohippus, the High Priestess of Moloch to the primitives, because she's such a drek.

There's only three primitives who are drek, remember, and Ms. Ed is one of them.

Ms. Ed is such a nasty hate-filled person she deserves ten times or more the grief she gets.

Sir, had I your ability to invalidate the ignorant in so grand a fashion, perhaps I may have accomplished so much more with my life other than to have made a few bucks putting words into other people's cakeholes.

Bravo, sir! 

[DumbAss Tanker]

"Daughter."  Right.

 

[LC EFA]

Horse with no Name  (1000+ posts)        Fri Mar-25-11 12:49 PM
Original message
"I'm sorry. You bought it 40 days ago. Our return policy is within 30 days."
 
Grrrrr....

My daughter and her friend purchased an expensive television from Sears 40 days ago. It was ordered and wasn't delivered until 33 days ago.

The friend bought it in their name...but my daughter was going to make the payments.
...
So, I call Sears. I do a lot of business with Sears. I explain the situation to the customer courtesy clerk--apparently there is NOT a manager anywhere in the store.
I ask if there is any way that they can return this TV and pay a restocking fee since theoretically it is 33 days since delivery--3 days over the policy.
...

When I worked for a major nationwide retailer of electronic goods - the store offered those "nothing to pay for xxx years" schemes along with other credit related things. The way it worked was we sold the goods to the credit company (ie GE) and they essentially leased them to the customer. We couldn't return a product sold under such an agreement - we could replace or repair it inside the warranty period , or exchange it with another product to similar value provided the credit company gave us approval in writing.

Happened to me all the time. I ran the Service / Repair / Return / Complaints department of the local store.

Stupid people not understanding what they were getting into because the equally stupid sales drone was seemingly incapable of explaining the contracts or ensuring the customer read and understood it.

[Boudicca]

I missed a car payment a few years ago by mistake and I was in no threat of having it repoed.

If it's true they would repo it after 4 days there is quite a bit not being said by the post. I call BS.

No kidding.  I realized the day that one of our auto loans was due that I'd forgotten to pay it.  Called the finance company in a dither and was told they don't even START worrying about it, or noticing it, until the payment is seven days late.  No way is any company going to care that you are paying four days late unless it's a constant pattern.
Is Lil' Blub Ava the daughter of Horseshit?  Just wondering.

[BlueStateSaint]

Stupid people not understanding what they were getting into because the equally stupid sales drone was seemingly incapable of explaining the contracts or ensuring the customer read and understood it.

Two things--

This part of your post nailed it.  

There's a whole lotta stupid going on in the DUmp thread.

[diesel driver]

No kidding.  I realized the day that one of our auto loans was due that I'd forgotten to pay it.  Called the finance company in a dither and was told they don't even START worrying about it, or noticing it, until the payment is seven days late.  No way is any company going to care that you are paying four days late unless it's a constant pattern.
Is Lil' Blub Ava the daughter of Horseshit?  Just wondering.

I've called numerous times to have a car payment extended or even deferred.  Most won't say/do anything for at least 7-10 days, and it takes at least 2 months before repo proceedings start.  Even then, banks give you every opportunity to square things up, because they don't want the car.

DUmmie HWNN is full of shit. 

AND, around here, $10K will BUY a nice used car, with half left over.