O.K. Folks!! My clean credit bliss has come to an abrupt HALT.. It seems that some very unscrupulous individuals are reporting to Experian that I have a joint account with another female (my wife thinks Im cheating ..just kidding) with the same last name. I called Experian to get their telephone #. When I finally got through, I was treated like some second class citizen over some account that is definately not mine. It seems that this sub-prime lendor has this account in collection. The individual stopped making payments and somehow they believe that I am the co-maker on the loan. I almost died laughing at the thought of me cosigning on a loan for anyone.. Anyway, they were so rude that I almost lost my temper. One woman forwarded me to voice mail, after I requested for her to let me speak to a live individual. I was told that this was Experian's problem and to contact them, but Experian is sticking to the story that this creditor is reporting this information and veryifying it as true. I was notified of this blemish after applying for a credit card and being turned down. I am pissed off.. They are refusing to send me a contract with my signature on it and they are sticking to their story. I would love to know how in the hell they got my social security #, since I have never had an account with these bozos...I am just hoping that it is not identity theft of some sort....Needless to say, these idiots will be recieving an official GODADDYO validation letter...
I think I will just go ahead and file with small claims court in a few hours. Ive got my denial letter and my credit report. That is enough for me. I can sue for up to $3000 dollars in my court. I believe that this is only a $1000 dollar violation.
It's a $1000 violation BUT because of it, you were denied credit! So you can sue fir punitive damages, so I say go for the $3000 and DONT back down, especially if it's NOT your account! Good luck!
gd, I seem to recall that you're an Ohioan from a long ago conversation about the CBC, CSC affiliates of Equifax. I went to the Painesville (Lake County) Municipal court yesterday to get the small claims forms and found out that the limit was also 3k. Is this a state wide limit or by county, and ideas?
Argh! I filed for CH 7 many years ago and they were one of my annoying creditors. I bought a used car (LEMON!!!) and put more into it in the first 5 months than the loan was worth! After I was laid off I stopped paying. They called me once and I told them to come get the car. They asked me if it worked and I said no it's got issues. They kind of ignored me and stopped calling. I thought it would be charged off, repoed and that's that. Well 7 months later, I get a nasty call from some Attorney in San Diego. They threatened and threatened and I paid 2 payments before I came to my senses and told them the city towed it away for being unoperable. After I discovered this "company" was being sued in 3 states for knowingly working with dealers selling Lemon cars, I told the attorney to f--- off and leave me alone or sue me. Since the balance of the loan was around 4500 with interest, I didn't care. Once I got a job (one that paid crap but allowed me to stay in my line of work and pursue other higher paying jobs) I received the calls again, then I hired an attorney and filed. To make a long story short, I filed, they kept reporting me after the BK and I called their legal guy after being insulted by 3 different "cust. service people". I told the attorney to call my BK lawyer and that because of this crap, I would sue them if they immediately stop reporting me as delinquent and properly report as BK7. Screw them, I hope their stock tanks and they go out of business. P.S. - I noticed on one of their financial reports that they lost money the last couple of years due to rising loan delinquencies. Hmmm....Rip people off and you pay.
Fellow Ohioan It does seem that 3000 is the limit that I keep coming across. It may just be state wide.. Interesting indeed.
This seems to be the problem with many industries that practically steal from their customers. There has always been a high failure ratio for subprime lendors. These folks make there money much like the Rent to own industry does, by overcharging you many times over what a product is worth. One could argue that they are taking a risk, but who is actually taking the risk? Just remember that it was the dealership that sold you that car who was out to get your money. The lendor was just a facilitator of paper for the transaction. They charge very unreasonable rates to folks who are desperate for transprortation. The fees for late payments are astronomical. I used to work in this industy, it is a joke.....The higher the interest rate the more profit for the dealer and the lendor. The dealer creates deals that will yeild them maximuim profit when dealing with special credit customers. The negotiating power that folks have in the prime market is notably better. Credit challenged individuals do not usually get anywhere on the negotiation of the price of a car. You are at their mercy..
