This auto loan was purchased at an APR of 24%, NOT 27%.This vehicle was repossessed on 9/22/15, and delivered to [redacted] on 10/19/2015.This vehicle has been placed for sale since November, but is not sold yet, most likely due to the extensive mechanical issues.We will charge this loan...
off once the vehicle is sold.UCf is an indirect lender, and thus not capable of refinancing any loans for debtors, directly.We explained this to Ms. [redacted] and advised her to pursue refinancing through other financing source, prior to repossessing vehicle.
Revdex.com:
I have reviewed the response submitted by the business and have determined that the response does not satisfy or resolve my issues and/or concerns in reference to complaint # [redacted]. Please add your rejection comments below.
This is a matter of the company not reporting correctly to the credit bureau. They have the collateral for the loan and it is now a repossession "charge off" they are reporting late payments each month. These are not late payments this is a repossession and should be reported as such. This company has caused an unimaginable damage to my credit rating already and it is unfair for them to continue reporting as late payments. They have the vehicle and I am not responsible for the time in which they sell the collateral, since it is a repossession and they have the collateral in their possession it is only right to report it in that way.
Regards,
[redacted]
Revdex.com:
I have reviewed the response submitted by the business and have determined...
that the response does satisfy my issues and/or concerns in reference to complaint #[redacted]. I understand that by choosing to accept the business response that my complaint will be closed as resolved.
Regards,
[redacted]
This auto loan was purchased at an APR of 24%, NOT 27%.This vehicle was repossessed on 9/22/15, and delivered to [redacted] on 10/19/2015.This vehicle has been placed for sale since November, but is not sold yet, most likely due to the extensive mechanical issues.We will charge this loan...
off once the vehicle is sold.UCf is an indirect lender, and thus not capable of refinancing any loans for debtors, directly.We explained this to Ms. [redacted] and advised her to pursue refinancing through other financing source, prior to repossessing vehicle.
Revdex.com:
I have reviewed the response submitted by the business and have determined that the response does not satisfy or resolve my issues and/or concerns in reference to complaint # [redacted]. Please add your rejection comments below.
This is a matter of the company not reporting correctly to the credit bureau. They have the collateral for the loan and it is now a repossession "charge off" they are reporting late payments each month. These are not late payments this is a repossession and should be reported as such. This company has caused an unimaginable damage to my credit rating already and it is unfair for them to continue reporting as late payments. They have the vehicle and I am not responsible for the time in which they sell the collateral, since it is a repossession and they have the collateral in their possession it is only right to report it in that way.
Regards,
[redacted]
Revdex.com:
I have reviewed the response submitted by the business and have determined...
that the response does satisfy my issues and/or concerns in reference to complaint #[redacted]. I understand that by choosing to accept the business response that my complaint will be closed as resolved.
Regards,
[redacted]