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NEED HELP - Whychat? ladynred?
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Posted by frustrated
(68.49.96.68) on July 06, 2004 at 15:08:35:
Hi all. I have posted about this previously, here's an update and again the backround.
I had a 'balloon' car loan through Primus (loan co owned by ford)back in 1997 or 98. This basically meant at the end of the term i could 1. keep the car & continue paying on loan 2. turn car into dealer (like a lease) OR 3. sell to another own for them to take over loan. I turned the car in to the dealer 1 month before "lease" was up. i was told i'd receive a bill for any balances.
Some time later (6-8 months) received a bill for $6,445.00. it just said Balance Forward. No info on how that amount was determined. I called the co. and asked for more info but never received documentation.
Over the next few years i'd occasionally be contacted by some collection agency who would harress me and always go away when i would demand validation. Three total agencies between 2000-2003. The last one left me alone when i sent a letter i found on Whychat website.
Finally 8 months ago i started the process of disputing it off my credit and 2 of the 3 agencies deleted it from my file. it took 6 months for the first then another 2 months for the other (Exquifax first then Experian). The final agency, Transunion, has continued to report this debt. I write letters every 30 days and state all info, give copies of the others deleting it, and reiterate that the debt has not been 'validated'.
Someone here awhile ago suggested i call them instead of writting letters. My last dispute was now 28 days ago and today by phone they told me they would not be deleting it and will not re-investigate the account again. She told me that Ford/Primus has not given them the approval to delete it as they have the others and i have to call them.
So i did. They now tell me this: They billed me for $800 in 1997 and because i never paid my loan went into Default which makes me responsbile for the full balance of the balloon loan $6,000 (according to them) which would be the same as if i had KEPT THE CAR way back then. I stated how ridiculous that is, I didn't keep the car why would i pay for a car i didn't keep and she says that's what i'm responsbile for now.
They say they can't help me in any way, there is now a 4th collection agency and i should contact them. I told her i wouldn't do that, i'm not dealing with a collection agency.
I DONT KNOW WHAT TO DO NOW. I am trying to get a home loan, have been for 3-4 months and they say it must be removed from Transunion before i can proceed. Transunion lists my score at 580 but the others list it mid-600's because they've removed it. WHO DO I WRITE? WHAT IS NEXT? I"M SO FRUSTRATED! Sorry for th lengthy post. (i am in Maryland by the way). ANY ADVICE??? PLEASE!! thanks,
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