Westlake Financial repossess my vehicle after being 31 days late on a payment and told me if you pay your payment and late fees and a fee for it being repossessed you can get your vehicle back and everything will be fine! I just want to make this clear you guys are nothing but scammers Ive been paying my payments and at no point I can see where my payments is going anywhere are that my lone is going down all they do is collect my payments and add more money to my payments so I repossess the car they come and get the car and they still call me telling that I have miss my payments which I dont have a payment to do you guys are nothing but big scammers. Also, your credit has to be good enough for a bank to underwrite a new loan for you, which may or may not be the case anymore. Contact Westlake Financial today. Los Angeles California, Westlake Financial Services My car was repo for no reason stated that I broke contract. Westlake will repo your car if you are more than 30 days late on your payment. Learn more about how we make money. Talk to your lender to make sure the trade is doable and that there are no extenuating fees. Number 1 - YOUR money? Westlake said oh well it's gonna stay on there for 7 years! If you have time, there are plenty of avenues to make money. However, its unclear how FICO and VantageScore (the two main credit scoring companies in the US) differentiate between involuntary and voluntary repossession when calculating your credit score. Yes. Taking the time to explore your options for eliminating debt now will save you a lot of money down the road. US cities are far along in the process of reopening, what assistance is available if you have a mortgage, here's what other financial help is available, Stay updated with smart tax tips to help you file your return, track your refund and get the most money back. Her work covers credit repair and credit scores, and in the past she's extensively researched and written about the insurance industry. Theres not much you can do on your iPad you cant do on your cellphone. Retrieved from, Zoepf, S. (2018, March 5). Ian Anderson, president of Westlake Financial, said it was never company policy for debt collectors to threaten borrowers or to use Skip Tracy to disguise calls as coming from another business. Can Debt Collectors Track You Down on Facebook? Robert Jellison. If you own a home, you may want to look into a home equity loan. How those businesses take care of those complaints is what separates good businesses from the rest. If four wheels are something you feel you cannot do without, consider a used car. I have a loan on a truck through westlake financial. Thank you for bringing this matter to our attention. Here are a couple of alternatives to voluntary repossession: Sam Osbourne is a content writer for FinanceJar. Do the right thing Westlake Financial Services. So the only liar in this situation is YOU. PLUS the pay off amt is the same amt they told Toyota on June 5th! This method isnt as beneficial if you have bad credit because you wont qualify for better rates. Stop! Websites like leasetrader.com make this pretty straight forward. Read on to learn more about what a voluntary repo is and how it affects your credit. Lines of credit usually offer variable interest rates that are lower than home equity loans, at least for the first year. How to talk to your bank about deferring payments, find help and everything else you should know. Unless you happened to have left your keys in the car, the repo company will also contract a locksmith to make a new set of keys -- then charge your bank for that service, too. *Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business. https://www.ripoffreport.com/reports/westlake-financial/nationwide/westlake-financial-services-repossession-on-my-credit-report-and-i-am-in-possession-of-th-1184418. they cannot deliver what they say an insane amount of money Pittsburgh Pennsylvania, Attorney Sharon K. Campbell COLLUDES with Wells Fargo Dallas Texas, BlackSwanCapital.co Black Swan Enterprises Peter Tumbas Black Swan Capital The offered guaranteed low-cost financing if I first stepped in high-cost short term financing New York New York, Geeks Ondemand LLC, Lizeth Lagomarcino Papaleo Geeks Ondemand LLC, The Geeks Mob SCAM! The dealer immediately took action and kept the car and took it to the shop for us. A deferment or forbearance allows you to skip between one and three payments with no late fees or penalties. If you fall behind on your home equity loan payments, the bank has the right to foreclose on your home. Heres a list of ways you might consider making some quick cash: Do you really need that car? I still have to pay another $2000.00 +, or they will take my car. Well never try to trick you into clicking anything youre not genuinely interested in. Has your experience with this business or person been good? File a complaint to Westlake Financial Services, Westlake Financial Services - Car finance company fraud, Westlake Financial Services - Fraudulent company, Westlake Financial Services - Overcharges, Westlake Financial Services - Unsolicited phone calls, Westlake Financial Services - Automobile loan, Westlake Financial Services - They stole 14,000 from me, Westlake Financial Services - Harassing and rude, Westlake Financial Services - Rude service, Westlake Financial Services reviews & complaints. It does not need your car keys to take your car. Fast funding is possible within two days (or the same day in some cases). Few restrictions Westlake Financial doesnt set a limit on car age or mileage. However, it doesnt finance gray market cars (cars made outside the U.S. that dont adhere to U.S. safety standards), fire damaged cars, recycled cars, stripped cars, taxis or police cars. Enter your credentials to view your account. A voluntary repossession allows you to hand your car back to your lender on your own timeline. Before we drove off the lot, the car died on us. The bank will likely auction off your car to the highest bidder, then apply the revenue from that sale to your remaining balance, including repossession charges. Were grateful for that trust, and we wont abuse it. Ocala Florida, Westlake Financial Worst individual consumer experience of my life!!!! Westlake executives blamed the abuses on rogue employees and said they have put systems in place to prevent further illegal activity. In general, if you can avoid a repo, you should do so. If that doesn't cover your entire debt, the bank can come after you for the remainder, including handing your account over to a collection agency and reporting the delinquency to the credit bureaus. WebDefinitely do a voluntary repossession. WebContact Westlake Financial at (888) 739-9192 for assistance if: You paid off your vehicle more than 10 business days ago and have not received your title or lien release If you They totally lied to us then screwed us just to get our money! They might find savings available in areas you hadnt considered. Westlake Financial Services - Rude service. I guess we are all liars thencracking up at this non sense! You can view a list of every state's specific automobile repossession laws here, but generally speaking, your lending institution (or a company it hires) has the right to come onto your property and take the car so long as no one commits a "breach of the peace.". YOU made a legal agreement to pay them a certain amount on a certain date for a specific amount of time. We apologize for the negative experience you had with our company. IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary. This business was made aware, more than once, that the vehicle had issues on the lot and the dealer was doing everything in their power to make me happy, which they did. Whatever you do, don't try to hide your car from your bank or the repo company. WebWestlake Financial now lets you access your FICO Credit Score for FREE! My questions is this legal? But these arent the only options. This may affect the products and services that we showcase in our articles and how we place and order them. R. 8:57 pm EST. His writing covers credit scores, credit repair, and renters insurance. So before you sit here and say I have bad credit for different reasons know your facts! All rights reserved. Truck was repod on the 6th of November owing 242.00 no other past due payments truck was on a 20 day impound on the 20th day I went to pay the 382 or something like that to get my truck out of impound wen I did I was informed u guys had picked it up wen I called u guys u said u had repod my vehicle becuz it was in impound but the thing is u didnt have to go get the truck I was going to the very next day wen I was allowed to the truck was not left there I had been in contact with the tow yard several times while it was there they were fully aware that I was going to go get the truck at the rnd of the 20 days wen in the 6 th of November u guys repod then wen I called asking questions the guy I was talking to was very rude and impair isnt u have the recording as well as I do I was simply trying to understand wat happening n why I was more then willing to pay the tow yard fees and the 242 dollars I still owed on my monthly bill I have had a total of I think 19 payments with u guys with the exception of one payment late I think I might be wrong I might have paid it with in the grace period and I read ur policy saying that u guys were allowing us to skip a payment or more and put them twards the end of the loan but ur guys were rude I asked for a manager n he was even wors then the first guy he got loud with me becuz I asked him wat exactly it was that was paid to the tow yard n becuz he had already gave me a long list of charges and fees I had to now pay due to the repo I was unsure of wat was paid to them he demanded I get a pencil cuz he had already told me these things so now I needed tow right them down he kept getting upset wen I would ask any questions n wen I said Im sorry sir but I am not pay 1600 dollars today theres no way specially wen I feel like the truck shouldnt of been repos in the first place had u left it where it was Id have it today but becuz u went one day before I could Im stuck with 1100 more then I should be and wen I asked for help cuz I can only pay maybe half that today Im treated like Im on the street corner begging for change almost like u dnt want my biz any more like us rather take my truck then keep me as a costumer Im so confused and dumb founded n not knowing wat Im going to do now becuz thats the familys o ly means of transportation with two kids I. I was off work and was unable to pay a few months of my car payment and my account went in rep mode. We fell behind on our payments and our car was impounded on Thursday February 2nd. - 100% Legal. However, they are so sneaky and distrustful that they reported this information to the credit bureau in March of 2014. |, Don't let them get away with it! Let the truth be known!. However, we may receive compensation when you click on links to products or services offered by our partners. I called Western Funding and explained the situation to the rep on the phone. Western Funding has reviewed the customers concerns as well as the account. Archived post. They Obligated me to pay $6597.00 for a car I don't have. Los Angeles California, Westlake auto finance June 5 I traded in the vehicle I had financed with Westlake BEFORE my pmt was due. Bogus Celebrity Advertisements FACE & Skin CREAM Ripoff! Just so you know it will not stay on my credit for seven years because I will fight it with the credit report agency as well as posting on every website out there what a horrible company you are! Scan this QR code to download the app now. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Youll always be able to tell what youre clicking. Los Angeles Nationwide, Westlake Financial Illegal Repossession with damage to vehicle and taking no responsibility Los Angeles, CA Nationwide, Westlake Financial Services None I have been threatened multiple times with criminal prosecution, i found out the vehicle was in the flood of Hurricane Sandy, my engine died before my contract was ever up. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. All rights reserved, Add a header to begin generating the table of contents. WebWelcome to Westlake MyAccount. WebWestlake Financial is not a prime lender and is very agressive with loan defaults. Here is a list of our service providers. in Finance and Accounting and an MBA in Management. After that, your lender may sell it privately or at a public auction to cover your debt. Los Angeles California, westlake financial service rip off Los Angeles Nationwide, Westlake Financial Services Angry, customer service stinks and so do your collection practices Los Angeles California, Westlake Financial DO NOT GET A LOAN FROM THIS COMPANY Los Angeles Nationwide, westlake financial horrible customer service, unreasonable Los Angeles Nationwide, Westlake Financial Horrible and predatory lender Los Angeles California, westlake financial services I'm constantly being lied too, i think they just want to repo your car. Dont click on those slick Ads! However, cars and other vehicles are the items that most often come to mind when people think of repossession (both voluntary and involuntary). I tried calling and being nice but it's like dealing with a bunch of 2 year olds! However, in the wake of the recent economic turmoil brought on by the coronavirus pandemic, most lenders have streamlined their financial hardship programs and are willing to be a bit forgiving if you just ask for help. Company is a scam! Read more reports about Westlake Financial. 2023 CNET, a Red Ventures company. WebIf you need immediate assistance, it's always best to call our Customer Service at 800-967-8526. Westlake is more than just an indirect auto lender. Company website run by crooks outside USA pretending to be in USA to get USA money taking your hard-earned dollars funneling it to the country of Peru, Better Business Bureau of South Florida BBB of South Florida Andre Amaro and the BBB of South Florida are harassing me and my small business! I was off work and was unable to pay a few months of my car payment and my account went in rep mode. Interest rates on home equity loans are usually lower than other non-secured loans, like credit cards, but may not be lower than your auto loan. By extending the term of the loan for instance, if you had 24 months left on your original loan and you extended that to 36 months your monthly payments will be lower. Whatever I do with my money is my prerogative. They'd asked me for the due date so it could be handled. No one is able to explain to me why. Simply explained, refinancing means replacing your current loan with a new one, usually from a different lender. Our six-week newsletter will help you make the right decision for you and your property. Advertisers above have met our (If you don't see your lender on any of those lists, try contacting the company directly through its website or app.). Number 2 - Had you failed to get the car back, it still would have been a reposession. Westlake Financial Services is an indirect auto lender, so youll need to apply for a loan through one of its partner dealers. However, it shouldnt hurt your credit score. All business will get complaints. Typically, missing a car payment can damage your credit score or even lead to the bank repossessing your vehicle. It's at 225k miles, approaching mileage where nobody's gonna buy it regardless of condition and what kbb says. I had issues with the car and the dealer offered to reimburse me for my troubles NOT to pay the first bill.
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