| 07/30/2020 |
Yes |
- Credit reporting, credit repair services, or other personal consumer reports
- Credit reporting
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- Incorrect information on your report
- Old information reappears or never goes away
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Web |
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The auto loan in which I initially obtained was assigned/transferred to East Coast Funding Corp., d/b/a Wisdom Finance. On or about XX/XX/XXXX, I sought personal bankruptcy protection by filing for Chapter XXXX in the XXXX District of New York.
On or about XX/XX/XXXX, XXXX XXXX, as VP for Wisdom, sent a letter to the parking garage company, where the vehicle was parked, authorizing its release to XXXX XXXX, its XXXX agent. The garage company placed a mechanics lien on the car for my failure to pay garage fees. It was in the process of auctioning the vehicle as a result of its mechanics lien.
As to its process in doing so, it notified the lien holder, Wisdom, in which caused Wisdom to pay the garage fees and send its agent to recover the vehicle. Additionally, around the same time, my attorney had arranged through Wisdom 's counsel, who appeared in the bankruptcy proceeding, for me to surrender the car. Wisdom was made aware of the location of the vehicle and the garage fees.
On or about XX/XX/XXXX, or shortly after, Wisdom, through its agent XXXX XXXX officially repossessed the vehicle. Regardless of the car being in Wisdom 's possession or the possession of its agent XXXX XXXX XXXX XXXX, Wisdom erroneously continued reporting to all three bureaus, late payments until XX/XX/XXXX. Such reporting was grossly inaccurate, completely false, and miss leading. The collateral was in the sole possession of creditor/lender, in which the borrower had no access to its usage at that time, and its recovery was for the sole purpose of protecting its lien and exercising its recovery rights under a default.
For this reason, the furnisher was disallowed after repossession to continue reporting late payments in any manner on my report.
After noticing this issue, I contacted all three credit bureaus to inquire as to the inaccuracy of the reporting information. Wisdom certified to the bureaus the reporting information was accurate. I provided supporting documentation to show Wisdom 's dishonesty. The bureaus considered the documentation provided, and after further contacting, Wisdom, and Wisdom failing to correct the information, deleted the account for the inaccuracy of the reporting information.
Since Wisdom was a creditor in the Bankruptcy and filed an initial claim in the case, to collect any deficiency, after deposing of the vehicle, including payment of garage fees, towing cost, etc., it would have needed to amend its creditor claim, which it failed to do.
Yesterday, I learned Wisdom recently reported to XXXX, " Merchandise was taken back by credit grantor ; there may be a balance due/foreclosure ''. For starters, Wisdom is seeking a fourth bite at the apple. Since it previously had more than three opportunities ( based on my disputes ) to correct the information, it chose not too, and it is only now taking action several months after the bureaus deleted the account. Additionally, reporting a foreclosure is highly inappropriate and miss leading, since a foreclosure does not apply to car loans.
Last, by not least, Wisdom can not report, there may be a balance owed since any such collection is subject to collection from the bankruptcy estate only and not the post-confirmation debtor. Wisdom is seeking to circumvent the Bankruptcy rules and federal law to collect from the reorganized debtor. A creditor is not allowed to take such action. Especially in this case, where the creditor 's claim was reduced and expunged under court order.
XXXX had every opportunity to correct and furnish the bureaus with accurate information, in which it failed to do so. It is also clear Wisdom dropped the ball in amending its bankruptcy claim, thereby being entitled to far less, then was it was owned, even after a repossession. Wisdom 's sole remedy is its entitlement under the order Dated XX/XX/XXXX, by the Honorable XXXX XXXX XXXX and it may only look to the Bankruptcy estate.
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| 05/06/2023 |
Yes |
- Debt collection
- Auto debt
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- False statements or representation
- Attempted to collect wrong amount
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Web |
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Hi, in XXXX I got a car for {$9500.00} but they only credited me for {$7500.00}. I was arrested on XX/XX/XXXX, I got out five days later where all charges were dismissed. The police took my car without a warrant from my driveway. I went to pick up my car from the police property department where they told me I could not get my car back because the bank had taken it with all my belongings. So, I spoke with the bank to find out they sold the car. I was never contacted by the bank. I made my payment on XX/XX/XXXX, they sold the car on XX/XX/XXXX without ever notifying me. I had not heard anything from the bank. I moved to in XXXX after that to GA. In XXXX, I had to move back to NY because my mother got XXXX and passed way. So now I find out there is a judgement against me from east coast funding group. I never received any notices from them. I wrote asking for the full accounting on the account nothing. They stated I never made a payment from the time I got the car, not true at all. So, after some digging and research, I found out that east coast funding has a XXXX XXXX XXXX, I called wisdom financial and asked them if I could get a copy of my full payment history. Wisdom financial mailed me the payment history where I find out east coast funding lied and said I never made a payment but in fact wisdom financial accounting shows I made all my payments up until they stole the car from the police impound with all my personal property. All the while, never sending me any notice or a chance to get my car back. I have sent them all kinds of letters they never answer. I had to write this so people on here realize they can do a lot one being the fact on how XXXX treats and speaks to you its illegal and a violation under the FCRA the Consumer Law and Policy. Also, this company was also fined by the state for unfair banking practices. Please check their XXXX reviews and ratings. Where people are saying there doing the same to them. I have also filed an order to show cause and the judge did sign it staying the enforcement of the judgement pending a hearing.
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| 09/19/2018 |
Yes |
- Vehicle loan or lease
- Loan
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- Struggling to pay your loan
- Loan balance remaining after the vehicle is repossessed and sold
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Web |
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Sorry for my english in advance ... .Hello, and please help me with this. I'm not sure whereas to go with this, but first of all, i'm not responsible for this vehicle as it was my mother 's vehicle which whom has passed away ( deceased ), and we returned the vehicle to the dealership and they mentioned that the GAP insurance will take care the difference on the amount. There are multiple violations on this account and consider the fact that it's still reporting on my credit. I've tried to ratify this issue for so long and I'm just given the runaround. But I had the opportunity to talk to several lawmakers and friends in the area, and learned some basic laws in regards to voluntary or repossession of a vehicle. Under the laws of MA and UCC 9.506 as well as State RISA and MVISA statutes, a deficiency can not be claimed unless all of the required notices were properly and timely given, and all of the allowable redemption and cure time limits were adhered to. Please kindly have them delete this from all my 3 major credit bureaus, and my credit report.
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| 07/05/2018 |
Yes |
- Vehicle loan or lease
- Loan
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- Incorrect information on your report
- Account information incorrect
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Web |
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someone I had known opened a loan in my name .. ive been contacting XXXX XXXX also known as east coast funding along with XXXX , for years about this account .. they had first put it on as east coast funding and removal date was XX/XX/XXXX then they changed their name to XXXX XXXX XXXX removed as east coast funding judgement then they changed there name at some put and changed the removal date to XX/XX/XXXX which I believe is fraud ... they then gave to another company XXXXXXXX XXXX XXXX.. which I went to court on XX/XX/XXXX and XXXX XXXXt judge vacated order and, judgement XXXX will not honor neither would XXXX XXXX ( rep XXXX ) .. I have been disputing this item for years along with notarized letter from the account holder.. please help me get rid of this account that is not mine I have good credit and its holding my credit back from being great .. thank you
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| 06/15/2018 |
Yes |
- Vehicle loan or lease
- Loan
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- Struggling to pay your loan
- Loan balance remaining after the vehicle is repossessed and sold
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Web |
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Early in XX/XX/2018, I was looking through my report and noticed a vehicle that I returned to the dealership where it's reporting completely incorrect. I had the opportunity to talk to several lawmakers and friends, and learned some basic laws in regards to voluntary or repossession of a vehicle. Under the laws of MASS and UCC 9.506 as well as State RISA and MVISA statutes, a deficiency can not be claimed unless all of the required notices were properly and timely given, and all of the allowable redemption and cure time limits were adhered to. PLEASE HAVE THEM IMMEDIATELY REMOVE IT FROM MY CREDIT REPORT.
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| 07/22/2023 |
Yes |
- Debt collection
- Auto debt
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- Attempts to collect debt not owed
- Debt was result of identity theft
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Web |
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| 01/22/2020 |
Yes |
- Credit reporting, credit repair services, or other personal consumer reports
- Credit reporting
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- Incorrect information on your report
- Information belongs to someone else
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Web |
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