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Question about car payments

  Author:  54570  Category:(Discussion) Created:(4/5/2011 3:13:00 PM)
This post has been Viewed (1594 times)

Hi USM.

Real quick I bought me a used 2008 Yukon in January this year. It was financed on the lot and I owed $7000. Payments are $300 a month. I have been able to keep payments up and ahead on it so far. I just got notified that they sold my account to United Acceptance out of Smyrna, Georgia.

They informed me in a paper that my rates wouldnt go up. No prob there. I called them becaus the paperwork has stated that I need to call as soon as I recieved the mail. I called. The conversation was nice and polite until they told me the new hidden fee's.

Everytime I call and pay either by credit or debit card its $10. per transaction.

Internet payments is $10. per transaction.

Check is $15. per transaction.

Western Union $10. per transaction.

They do not accept cash.

They can put me on auto recurring payments for the low fee of $6 per transaction at $75 per week (4) each month totaling up to $24 dollars for a $300 payment per month.

Can they do this? I am just before telling them they can come get the vehicle. I havent drove it in a month cause I wont use it for short runs. Gas hawg. I am going to the bank tomorrow to see if this is legal and/or what can be done about it. But has anyone ran into this or have any advice on this? let me know and thanks in advance. The stress level is high today!

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Replies:      
Date: 4/5/2011 3:19:00 PM  From Authorid: 63026    I hate to say this but every corporation and business is doing this.

They want to keep the poor poorer and keep lining their pockets. They can't accept the fact that their wealth is disappearing, so they got to keep robbing us to keep up their filthy rich lifestyles.

Maybe you can talk to your bank or someone and have them take over for you. I know my dad switched who he paid his car payments from.

  
Date: 4/5/2011 3:21:00 PM  From Authorid: 26303    OMG! I hope it isn't legal...that is pure robbery in my book. I hate the way you sign a contract and you can't change a thing, but they can change the terms and conditions...there is a work I'd call them, but this place is G rated. Grrrrrrrr. I would definately be checking it out. I hope you get it sorted. That just sounds so very wrong.  
Date: 4/5/2011 5:34:00 PM  From Authorid: 15228    happened to me as well when they sold my account. now I have to pay for the privelage of paying for my car payment online or by phone. I have internet banking so I just shoot off a check by internet baning and they can't charge me. They say ATM fees are going to be as much as 5 bucks a pop pretty soon. It's something to do with the 'financial reform'. Basically we're paying for all the dead beats who don't pay their bills.  
Date: 4/5/2011 8:22:00 PM  ( From Author ) From Authorid: 54570    Yep I thinking I'm screwed! Every which way I turned its at least $10 a pop. Best thing I can do is pay double pay each time and get this thing off my back! They say internet banking that they charge $10 a pop on too.
  
Date: 4/5/2011 10:00:00 PM  From Authorid: 51635    Yes it's legal. Yes you can do something about it. You can go to a bank that has no such fees and apply for a loan on your car with them and then they will pay off the loan with the other bank. Thats about your only option. Sorry...  
Date: 4/6/2011 8:53:00 PM  From Authorid: 12103    Wow that is horrible! I'm sorry   
Date: 4/7/2011 6:42:00 AM  From Authorid: 28848    It's only $10 a month. Don't sweat the small stuff. This is pretty common with financial institutions and there really isn't much you can do about. Just skip that extra latte on Monday mornings, if it's really going to cut into your budget.  
Date: 4/9/2011 4:48:00 PM  From Authorid: 5252    We had got a durango about a year ago, and six months into it, they sold our contract which I didn't like that, but payments stayed the same....no surprises....sorry  

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