Roody

As was pointed out to you before, the OP says that he was making payments--overpayments, in fact--on tme every month.

cyclokitty 

How do you borrow someone's account? Sounds ridiculous.

Good luck, Bad Boy.

I-Like-To-Bike

Read his latest version in msg#21:
"I never said I made the payments. I said the payments were made in error and in the interim of the company merger my account became delinquent."

Let's all guess who made real honest to gosh payments and who was getting a credit freebie for awhile and though the good times would last until he took title without paying for it.

Let a smart college boy or a car free financial wizard explain away the confusion.

cooker

As a teacher librarian you are a surprisingly poor communicator, since you haven't helped us all understand exactly what happened.

If you paid the usual monthly bill plus extra every month, and someone else also paid $1800, then your account should be overpaid, and even if they take back the $1800 you should be in the black with no worries.

If you logged on and found your payments were suddenly much less than expected, or weren't due for a while, because unbeknownst to you, someone else had paid your bills, and you paid the lower amount or delayed your payment without questioning it, then you underpaid, and when they discovered the error they were right to ask you to catch up on your share. All you can really do in that case is ask them for extra time to pay what you actually owe.

I-Like-To-Bike

"Borrow" was putting a kinder, gentler spin on the activity of not reporting someone else's account mistakenly being tapped to pay for the OP's car.

I-Like-To-Bike

Well I'm glad to see that I am not the only one who can add 1 +1 and figure out that it equals 2.

"If you paid" and "someone else had paid your bills, and you paid the lower amount without questioning it" are the key phrases. Why would anyone besides group hugging comrades believe that a person with no receipts, no cancelled checks nor any other evidence of payment is being robbed by the mean ol' finance company?

Dahon.Steve

If you look at the OP, he was not irresponsible right at the start. While he did make a mistake in not balancing his checkbook, we've all done that at times. (I never balance my checkbook). Yet, buying a new car today practically requires you to overextend yourself since almost all new cars are financed.

You don't have to be irresponsible at all. Just lose your job through a layoff, suffer some health problem get divorced and you could end up broke having to declare bankrupty.

cyclokitty 

I think this is two issues:

1) BB made online payments to pay his car.

2) Someone else's payments were debitted to his account in error.

If I'm getting this right the car finance company (which is now a different firm) believe BB is now short 3 payments (because in the interum there were 6 payments made in total on the loan) instead of being recognized as a posting error by the finance company.

BB needs a statement of account from the auto loan people and a list of withdrawals from his bank. Send the loan people a copy of each highlighting his payments fro the bank as well as highlighting his payment in his loan statemen of account. For good measure add a photocopy of your car loan agreement showing the due dates for the monthly payments. These should all line up nicely and prove you are a good client.

Good luck.

I-Like-To-Bike

Given that the OP has written that he can't document anything about his own finances, what will an inability to document any payments from his bank to the finance company prove?

I-Like-To-Bike

Of course none of those scenarios or anything remotely similar appear to be the reason for the OP's situation with the finance company.

Juha

I don't understand the difficulties in documenting... I'm as paperless as anyone, but if needed, I can print all my account transactions about 18-24 months back from my bank's Internet system. If that isn't good enough, I can always ask the bank to produce the same documentation on their letterhead, and for a considerably longer period of account history. They'll charge me a fee for that, but still - the information is there.

Of course, if OP didn't make the payments but "borrowed" someone else's, then it's not a documentation problem.

I've authorized automatic withdrawals for most of my recurring bills. Even though it's automatic, I still receive the bills a couple of weeks before the actual transactions are made, so I have time to react if something seems out of order. It's more secure than paying with a credit card.

--J

cyclokitty 

He can request a statement of account from the loan finance company and he can request a statement listing from the bank. Both can easily print them out and mail to BB -- the loan finance company should be free but the bank may charge a small fee for the statement.

day1si

I agree that BadBoy hasn't been 100% clear, but I don't think there is evidence that he has been dishonest per se.

He makes payments
He usually pays more than the minimum
He logged on the past few months and saw nothing due, assumed it was because of over payments

That is what I have read...
Although with almost any loan, anytime you pay more than the loan payment, it just goes to the principal, not towards future payments. Your loan gets smaller, but you still have to pay at least the minimum the next month.


I had a similar situation in the past where Bank of America bought out the small CC I had. I made my payment online... A month later I get a letter stating I have broken my terms and that my finance rate was going up 20% for missing a payment. I at that point never kept the "confirmation" numbers and I didn't look at my bank account all that often. According to my register I paid it and I just saw that money as gone.
In researching it the money was never taken out, but the day I recorded making the payment just so innocently happened to be the same day BOA took over and switched the old CC companies website to theirs.
I now keep all confirmation numbers etc... and keep a better eye on my bank account.

BadBoy10

To those that understand. I am so glad EVERYONE is not so suspicious, so willing to attack, so easy to condemn. Thank goodness you are not GOD I Like to Bike. But as stated before: I know you are perfect in every aspect of your life. Whoever else that has used this as an opportunity to look for a reason to accuse and make personal attacks. My profession has nothing to do with what I have stated. You are exactly the reason, readership has declined on this forum. Because you are so suspicious and nasty! Posters like you have turned a lot of people away--as soon as someone posts something you are there jumping in with your negativity and nastiness. People ought to be able to post anecdotes they think will be helpful without your ridicule, suspicioun, personal attacks and berating. I mean you are downright disrespectful. And there is no excuse to be so hateful. To make matters, worse, when you read other people understood what I wrote and were offering helpful advice not only did you do your best to continue to throw paper on the fire in hopes of proving that I tried to do something fraudulent and got caught--you instigated others to do the same. You act like wolves circling prey. Frankly, you ought to be ashamed.

I am a new member to this forum. Your etiquette has not been very welcoming. And I do not appreciate your disgusting accusations.


If there was contradiction in what I wrote it certainly was not my intention. I have no reason to lie about something so serious. I was hoping to help someone and be a reminder as to why it is important to pay close attention to accounts. Coincidentally, I posted this identical information in another forum. I have received emails from other customers discussing errors and problems with the new company. Everyone else was grateful for the reminder to CHECK YOUR ONLINE BILL ACCOUNTS!

Nothing more. Nothing less.

I used to be very excited about reading the information and anecdotes in this forum.

Oh well, I refuse to allow your continued maliciousness to ruin my experience.

Next.

cooker

Since I'm the one who mentioned your profession, I assume that comment was for me. Sorry, I guess I was a bit harsh, but I also note how aggressively you reacted to Roody's initial rather innoccuous post, so perhaps it's that internet thing where we come on a bit stronger than we do in real life. In fact, yours was the first personal attack in the thread

Be that as it may, it's not an oxymoron in this electronic age to be a paperless librarian, however it would be a bit absurd to be a recordless librarian. And the same holds true in your personal life. You 'll do yourself a favour if you take more responsibility for monitoring your own finances: When you make an online payment, note the reference number or save a screen shot or pdf or html file of the transaction, both for your own budgetting purposes, and as a record in case some financial institution puts you through the same rigmarole again. If you don't look out for yourself, they sure won't. If you had all the records ready to plop down in front of them it would make it a lot easier to sort this out.

It sounds like you underpaid what you owed them because they told you payments weren't due, as the other party had inadvertenlty paid. So you got a payment holiday you didn't deserve. Now that the error is uncovered, you still owe them that money. About the strongest argument you have is that they shouldn't charge you a penalty on top of back payments if it wasn't actually your fault. If you had the paper (or virtual paper) trail to show them, you could prove it wasn't your fault a lot more easily. So hopefully you will learn from this to be more on top of things.

Hopefully you will also learn not to rant on the internet about problems that are partly of your own making - we can be a pretty tough audience that way!

travelmama

Yes! Badboy, it is apparent you are not happy with what has happened to you and I hope that you soon find a solution to your problem. One thing that you have to remember, especially with this forum is that a few posters like to contort and distort the words of others rather than trying to help the other out. It gets old. If you add fuel to the fire, you will get burned so stop at your last post and carry on about your business. Take it easy and keep on riding my friend.

BadBoy10

Uh, there is no excuse. I do not excuse intentional malice.

Some of the people on this forum remind me of the "perfect storm" psychology or the "Big Lie" propaganda. They keep repeating the same negative lie or doubt and eventually--people are more inclined to believe the lie.
Here is an example:

https://today.msnbc.msn.com/id/371037...ple/?GT1=43001

I certainly do have the right to post information that I think will be helpful to others. Everyone on this forum posts personal information including work information and geographic location. To say, I set myself up for it by posting personal information is ---appears to me to be a fragile attempt to excuse meanspirited behavior.

Funny, whenever people are called on the table for their mean spiritedness or maliciousness they always seem to use the excuse, "you are too sensitive" or even blame the person they have maligned.

When in actuality, an aknowledgment of the behavior will suffice.
In any event, thankfully, my post has helped someone.
On to my next thread--- FLORIDA IS WORST IN KILLING PEDESTRIANS AND BICYCLISTS!!!!!!!!!

cooker

And you keep dodging the simple acknowledgement that you underpaid by $1800 and owe the company that money.

I-Like-To-Bike

It is no wonder that Nigerian email scammers find the Internet so rewarding. So many financial naive can be found who "understand" financial "anecdotes," and are sympathetic to the alleged plight of the helpless victim, and are willing to offer a helping hand or at least uncritically listen/believe a story/anecdote no matter how foolish or silly.

Get to the bottom line, Mr OP. Did you actually pay down the account with your own money, and if so how come you have no records of such payment?

Pay what you owe and stop ranting about how the big meanies don't sympathize with a financial "problem" of your own making/negligence.

TuckertonRR

His bank should have all the electronic transfer info - If in fact he's giving us the whole, complete situation, the bank should be able to see the $amount, what date, and to what routing/destination number it went to (entity/business). My personal feeling is that if there was some sort of merger or company reorganisation, the numbers that they use to get funds electronically may have changed, without notice to the financial institutions that process their funds....his payments may be floating in the old companies' escrow account for all we know.