charge off auto loan

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phlygrl
Guest

Subject: charge off auto loan

Sat Dec 31, 2011 12:08 am

My car loan has been paid. Made 72 pymts. Now they want $2500 more, stating this is interest. I made all my pymts and dont understand why they want more money. I even paid all late fees and they are placing interest on top of late fees. They are threatening to charge off my account. What should I do. They hang up on me all the time and nobody ever explains why I still owe all this money. HELP!!!!

sallynachelle

Joined: 10 Jun 2011
sallynachelle's page
Posts: 164

1160 Magic Points

Subject: charge off auto loan

Sat Dec 31, 2011 9:49 am

Welcome to the forums!!!
Don’t make any extra payments. If they charge-off your account, then you can negotiate with the collection agency. They are trying to scare you.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: loan

Mon Jan 02, 2012 5:02 pm

Where did you get your car? Usually one of those 'buy here, pay here, places will charge that much. Do you have documentation that you made ALL payments and it's paid off? I agree it sounds like a scare tactic. You should have a contract of some kind, concerning the loan. NO...don't make any more payments....that's good advise from Sallynachelle.

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