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
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