Friendly Finance Corporation Consumer Loan Complaint

Vehicle loan Problems when you are unable to pay

Friendly Finance Corporation Consumer Loan department,

Vehicle loan Problems when you are unable to pay Florida

I financed a vehicle through FRIENDLY FINANCE CORP. on -/-/-. My spouse took the vehicle in our divorce. My ex-wife defaulted on the payment and the vehicle was repossessed sometime in -/-/-. The original loan amount was around $11000.00. After the loan was charged-off a judgment was obtained against me in the amount $8800.00 plus accrued interest in the amount of $1400.00 with 22.9 % interest on the principal balance. I was notified of a garnishment order for this judgment by my employer. I did n't protest the garnishment due to the fact I knew I signed for the loan. FRIENDLY FINANCE garnished my wages from -/-/- to -/-/- for a total amount of $14000.00. I contacted the law firm handling my account on behalf of FRIENDLY FINANCE and was told my case was closed and the judgment had been satisfied. I believed this to be the end of this matter however in -/-/- I received a noticed from an attorney representing FRIENDLY FINANCE regarding an outstanding balance of around $3000.00 for the above auto loan. This time I was served noticed and went to court. FRIENDLY FINANCE was actually trying to obtain or transfer my default judgment from - to -. The judge in - ruled the judgment was paid and that he would vacate the judgment. Now FRIENDLY FINANCE is falsely reporting this as charged off on my credit with a charged off balance of over $6000.00, which is incorrect. By my estimation I have paid over - for this - loan. I 'm still paying for this loan everyday due to the higher interest rates on loans term I receive due to this predatory lender.

Friendly Finance Corporation customer in Florida
Dec 30, 2015

* Source: CFPB Complaint Database

Friendly Finance Corporation response to complaint:
Closed with explanation

Consumer disputes how Friendly Finance Corporation handled their complaint

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