Can auto loan company contact you 4 years after the loan was paid off and say they made a mistake?
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I paid off my auto 4 years ago. Now, the company is contacting me saying they made a mistake on the payoff amount and i have to pay them over 3000. I have the title and notice saying the loan was satisfied. Are there any legal actions that I can take?
Yeah, I paid the car off about 4 months after purchasing it. I paid it off when I sold my house.
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stan c said:
First request your free credit reports from annualcreditreport.com or call them toll free @ 1-877-322-8228 for all 3 free reports. If it shows the account is closed on the report, let them do whatever they want. If you have the title, that’s even better. If they give you a hard time about it, just play their game and call them every 10 minutes and tell them you’re waiting for a call back from the president of the co.
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0March 7th, 2010 at 2:25 am -
Brian D said:
If you have the letter of satisfaction, you’re in the clear.
If it appears on your credit, just send the proof. If they call you, send them a certified letter instructing them to contact you by mail only.
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0 0March 7th, 2010 at 2:25 am -
flash said:
Firstly, I don’t think that they have the authority to do so as you had already completed the payment for the auto and therefore if they believe a mistake had been made then they have to consider that an error on the part of the company thus standing the fault.
Secondly they are breaking the contract by asking you to pay more now since that was not the original agreement that you made and therefore recommend that you consult a lawyer to find out the procedure you should take in accordance with the law of your country or state because they are in clear violation of there contract.
Lastly in my opinion they are trying to scam you for extra finance for the business and you are probably not the only one whom they attempt this on but don’t allow them to do so and get away because once you have the letter saying the loan was satisfied your ok.Like or Dislike:
0 0March 7th, 2010 at 2:25 am -
Doctor Deth said:
if you have the title – you can tell them to pound sand – tell them you sold the car 3 yrs ago. When you paid it off, did it seem to you like you weren;t paying enough? did you just pay every payment for 5 yrs or something or did you pay it off early? – either way, it’s their mistake and problem if what they are saying is true
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0 0March 7th, 2010 at 2:25 am
