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! Pros and cons of voluntary repossession. Corporate Advocacy Program - Verified Status, How To Get Your Report Featured On All Report Pages. And Westlake is just one of seven firms Frankly, it should not matter where my money comes from. Depending on your credit score, you could fall into one of four tiers of interest rates: Standard, Gold, Platinum and Titanium. One way around this, however, is a deferment or forbearance program. - Be real nice to them and see if they are willing to remove it. Does your state have Look for an attorney who handles Fair Debt Collections Practices Act cases. Do you have any electronics you barely use? 2023 ONR Financial Networks LLC All Rights Reserved. If your bank doesn't have it set up that easy and you have no idea where to begin, the legal services websiteDoNotPay has a chatbot that can help you draft a letter to your lender. By clicking "Submit" I agree by electronic signature to: (1) be contacted about credit repair or credit repair marketing by a live agent, artificial or prerecorded voice and SMS text at my residential or cellular number, dialed manually or by autodialer, and by email (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use. The payoff is too high to sell and get out from under it. Its illegal fraud, to be more precise and the harder you make the repo man work, the more he charges the bank, costs that will be passed on to you. Our editorial team operates independently (with no influence from our affiliates or our advertising team) so as to avoid compromising the objectivity of our reviews. WebWestlake Financial Services My auto loan was paid off by my credit union in February 2014 for estimated $13,000+; Westlake Financial Services reported to the credit bureau that my car was repossessed for the amount of $13,000+ in December 2013. It may not be copied without the written permission of Ripoff Report. Be proactive, some shrewd financial planning and a little foresight goes a long way. New comments cannot be posted and votes cannot be cast. WebBanks dont want to take cars back. Westlake Financial Services - Rude service. SYNCB/PPC: What Is It and Why Is It on My Credit Report? 2. They are a sub-prime lender and want to make sure they get THEIR money. Join our mailing list for monthly tips on ways to manage your finances! A Northwestern University graduate, he previously worked for the San Jose Mercury News, Newsday and the St. Petersburg Times. 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. Retrieved from, Zoepf, S. (2018, March 5). Consumers educating consumers., Complaints Reviews Scams Lawsuits Frauds Reported.. READ: Foreign websites steal our content, Click Here to read other Ripoff Reports on Westlake Financial. There are ways to get around if you are willing and resourceful. As businesses like this soda and candy shop in Asheville, North Carolina, start to reopen, you can bet repossession companies will be back to work, too. Talk to your lender to make sure the trade is doable and that there are no extenuating fees. How Palm Springs ran out Black and Latino families to build a fantasy for rich, white people, 17 SoCal hiking trails that are blooming with wildflowers (but probably not for long! Let us know what you think. Westlake is more than just an indirect auto lender. You would have most likely lost and then not only now have a judgement on your credit report but subject to other things such as possible wage garnishment or having them attach your bank account. Voluntary car repossession Most of the time, vehicle repossession is involuntary its initiated by the creditor rather than the borrower or lessee. WebFind homes for sale from 40% to 70% below market value. So my question is essentially do i have any other reasonable options? You will only be responsible for repaying the interest of the amount you used. If you own a home, you may want to look into a home equity loan. The best option, of course, is to sell it, especially if the car is worth more than you owe on your loan. California, New Jersey Nationwide, Westlake Financial Stay Away! You think you know so much! So what do you do? Your lender. These companies may impact how and where the services appear on the page, but do not affect our editorial decisions, recommendations, or advice. This company has been calling me from more than 10 different phone numbers all hours of the day and night for a month. Our debit card and money was in the vehicle when it was taken so we had to ask our elderly neighbor for a ride and wasnt able to get there until Monday the 6th because of an ice storm on Friday and then not being open on weekends. repossessions stay on your credit report for seven years. e will give you advice for how you can improve your credit. They did not provide me with the original application like I asked. Register on MyAccount today and enroll to receive your FICO Score for free. BBB Business Profiles are subject to change at any time. Before we drove off the lot, the car died on us. https://www.ripoffreport.com/reports/westlake-financial/nationwide/westlake-financial-services-repossession-on-my-credit-report-and-i-am-in-possession-of-th-1184418, Westlake Financial Caused a late fee before processing extension/deferral request Los Angeles Ca, Westlake Financial Service They financed a warranty which was useless and no good but kept my money and sent car to the auction Los Angeles California, Westlake Financial Services, LLC Refused to send me my refund check with the correct amount. Its the typical deadbeat immature response of "you must work for them". Say we owe over $22,000.00 for the rest of their so called contract !!!!!! If you have time, there are plenty of avenues to make money. How is this going to impact my credit score? How can I stop a repossession? Here are the most comprehensive resources we've been able to turn up to help with both. Horrible customer service is all you get! Dont click on those slick Ads! Miami Florida, Old Town Atelier Dan Kolar Alexandra Kolar Press and Ink Scamming and Blocking Paying Customers Temecula California, Full Service Network Jason Soltis, David Schwencke (CEO) They could not provide phone services needed, had to change providers after working with them for months to fix things. No one is able to explain to me why. To get a payoff amount on a current Westlake loan: (888) 8-YES-YES (1-888-893-7937) Originations: For dealer questions about pending deals (888) 8-YES-YES (1-888-893-7937) For the Verification Department (regarding customer interviews) (866) 619-2521 Deal Submission Addresses: Using FedEx: Westlake Financial 4054 Willow Lake Blvd 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 The dealer offered to "cover" the first payment in order to help make things right. Still dealing with a lying, cheating, non customer service company! See a consumer credit or FDCPA attorney. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Data Point: Subprime Auto Loan Outcomes by Lender Type, Repossession: What It Is and How It Works, How to Get Your Car Back After a Repossession. Well one thing Mortgage lenders basically require is to have at least 24 months of almost perfect credit(yes, people do this all of the time). my truck was taking from where i was having my engine diagnosed and told them i was going to seek reimbursement for the lemon truck which was flooded and then resold. Want CNET to notify you of price drops and the latest stories? We make money through advertising. You may occasionally receive promotional content from the Los Angeles Times. If you fall behind on your home equity loan payments, the bank has the right to foreclose on your home. When Should I Get It? Specialists available Monday to Friday, 10AM - 8PM EST. I had issues with the car and the dealer offered to reimburse me for my troubles NOT to pay the first bill. The companies, he said, also are in the process of installing an automated system that will analyze debt-collection calls. They make more money off of you the longer you keep the car. I guess we are all liars thencracking up at this non sense! In all cases, repossession is specific to secured loans, where the collateral is the item youve purchased. 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. International Association of Better Business Bureaus. A voluntary repossession allows you to hand your car back to your lender on your own timeline. Home Debt Voluntary Repossession: Everything You Need to Know. If, for example, if you have $40,000 of home equity, you would qualify to borrow $32,000 (40,000 x .80), which should be enough to pay off just about any car loan and possibly other debts like credit cards. degree in Political Science at Florida State University. protections against repossession passed by various states here, executive orders and laws is available here, the day after you miss even just one payment, argued that debt collection is an essential service. The truck was illegally repossession in less then a month by a shady repo company that tried to run me off the road and destroy the truck. 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. Stop! You'll want to know what kinds of programs your bank, credit union or other auto loan provider may have available to you. They decided to give me some money to cover fuel expenses back and forth to ********** (an hour and a half drive for us) and for my troubles. My questions is this legal? Copyright 1997-2023 Ripoff Report. West Palm Beach Florida, Tuffy Tire & Auto Service Center Mavis Tire & Brake Charged Nearly $700 for Non-Fix Bay City Michigan, Lighting New York lighting by Jared Sent damaged product wont refund after I sent back damaged product website description is fake, Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. Share your photos and videos with others to prove the truth of your words. now i cannot even get through to their 24 hr number. In most cases, your lender will contract with a third-party agency that specializes in repossessions. Note that complaint text that is displayed might not represent all complaints filed with BBB. Remember you had the car reposessed so even with them you have a negative history. los Angeles California, Westlake Financial Services Wrong and Illegal in every way Los Angeles California, GABRIELA BONILLA BONILLA LAW FIRM ORLANDO SCAM POSTING FOR A FAMILY MEMBER SCAM ARTIST STOLEN RETAINER HIDDEN FEES SCAM WORST FAMILY LAW LAWYER EXCESSIVE BILLING ORLANDO FLORIDA, Kenny Lessing REALTIME SCRIPTSTORE took $275 still no website A BULLY does not know how to treat customers Charlotte North Carolina Carolina, Paradise Property Management Ventura Illegal eviction my account being hacked, PPM will not investigate how it happened Ventura California, Kei Kullberg Quintessential Mortgage Group bait and switch you into promising you a low-rate Mortgage Scammer White Plains New York, TAHINI GODDESS Sally schimko Sexyveggies Tahini Goddess inulin Goddess Prebiotic white labeling of non-licensed food supplement. If you buy through our links, we may get a commission. Drug Rehab Deception Addiction Treatment Industry Rocked By Fraud & Abuse. WebYou can challenge a creditor's claim for a deficiency judgment if it failed to legally repossess the car, such as for the following reasons: Breach of Peace Creditors can't breach the peace while repossessing the car. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. He learned how to cut financial corners while acquiring a B.S. Under normal circumstances, most lenders will report a late payment to the credit bureaus once it's at least 30 days overdue, and they'll typically come to take your vehicle away after you've missed three or more payments in a row. Due to thecoronavirus recession andrecord levels of unemployment, over 7% of all car loans in the US are currently in some sort of deferment program, according to recent data released by credit reporting agencyTransUnion. ComplaintsBoard.com is a leading complaint resolution website on the Internet. He joined The Times in 2006 and won the papers Editors Award in 2009 for coverage of the financial crisis. My wife and i have a scheduled c section this Friday to welcome our second (and last) into the world and she left her job a few weeks ago so of course i shoulder all financial burden. I have no choice but to accept their response, but I reject it wholeheartedly. Here's a look at the most current information and resources we could locate to help you deal with your car payment. You can also call your lender and inform them you can no longer make payments on your loan. Most types of property that can be financed can also be surrendered or repossessed, including appliances, furniture, and jewelry. Los Angeles California, westlake financial bad services, liars, not understandable los angeles Nationwide, Westlake Financial Services My auto loan was paid off by my credit union in February 2014 for estimated $13,000+; Westlake Financial Services reported to the credit bureau that my car was repossessed for the amount of $13,000+ in December 2013. Victoria Scanlon They offered to pay all bills to get the issue resolved. Wilshire Consumer Credit is the first auto-title lender cited by the agency, according to the advocacy group Center for Responsible Lending. Reviews ethics statement. Dont be afraid to call onfavors from friends or family. His writing covers credit scores, credit repair, and renters insurance. The lender may allow you to skip a payment and add it to the end of the loan or refinance your loan all together. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. 1 attorney answer. Well guide you through the process. Thank you for bringing this matter to our attention. I was off work and was unable to pay a few months of my car payment and my account went in rep mode. That company will use whatever information it can get -- your home and work addresses, for example -- to track down the vehicle and tow it to a secured, usually gated lot. Just be honest and forthcoming about your situation and realistic about how much time you'll need to get back on your feet. Our writers and editors follow strict editorial standards and operate independently from our advertisers and affiliates. That means its representatives can't break into a locked garage, through a locked gate or otherwise use physical force against you or your property to take possession of your vehicle. Why is Frank McCourt really pushing this? Los Angeles California, Westlake Financial services Being screwed over Los Angeles California, Westlake Financial - Wilshire Consumer Credit Witholding Title after loan payoff and trying to charge consumers for title/lien. Fast forward to now. Most will require you to pay off these types ofold debts before they will even consider approving you for a mortgage. Tax deductible. We take all of our customers concerns seriously. Those are a big no-no with lenderseven if they are beyond the 24 months. Yes. You could also try to sell your car on the open market, or trade it in for something less expensive, but again, with the economy now in afull-blown recession, neither of these options seems very compelling. REBUTTAL BOX The Impact of a Voluntary Vehicle Surrender. Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported. Company is a scam! But beware: Youll ultimately pay more for the car before the loan is paid off. Samuel Osbourne Talk to your lender to make sure the trade is doable and that there are no extenuating fees. Among the hardball tactics, according to the Consumer Financial Protection Bureau, was a program that disguised debt collectors caller ID information to make it appear calls were coming from pizza parlors or florists. The thing about getting a sub-prime loan is just doing what you have to do until youve built your credit enough to trade in or refi (make on time payments). Submit a complaint and get your issue resolved. WebWestlake Financial Auto Loan. A late-fee waiver is when the lender agrees not to collect a late fee when you make a payment within 30 days of its due date. Voluntary repossession exists in contrast to involuntary repossession, where your lender dispatches someone to seize your property because youve stopped making payments on your loan. However, if you have a repo of any sort on your credit report, most lenders will still probably view you as a higher-risk borrower and may be reluctant to offer you a loan. It does not affect our evaluations of them, which our writers and editors create independently, without considering our relationships with our partners. They LIED? I never could, but with my wife working we made it work. I still have to pay another $2000.00 +, or they will take my car. This isn't right when I have the vehicle, make payments on it and drive it everyday! You pledge your home as collateral and receive a loan (i.e. strict standards for business conduct. I contacted the dealer and they stated that the payment couldn't come from them and that there was simply a miscommunication-- they were just going to cut me a check to apologize for the issues we'd had. Los Angeles California, Westlake Financial Trying to refinance the vehicle and Westlake refuses to provide me the information needed El Monte ca California, Westlake Financial PO Box Payment taken after requested to stop auto draft due to insurance payoff now cant get the funds returned Los Angeles California, Westlake Financial Services/Owner Report false information Los Angeles California, Westlake Financial Services (WFS) Failure to provide Release of Lien Marble Falls TX, Westlake financial Recieve a dozen if not more calls a day from several different numbers all from wesltlake finacial. 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. The bureau ordered the companies to pay $4.25 million in fines and to give $44.1 million back to borrowers in a combination of cash refunds and debt forgiveness. Lease Takeovers Try to find somebody willing to take on your lease. For more than 15 years we have helped nearly 50000 customers resolve their issues and will never stop striving to ensure further improvements on our platform for a better communication between companies and customers. If you've fallen behind on your car payments, chances are other bills are stacking up as well. How do I get the repossession off our credit? Since that loan will be for the amount left on your loan rather than the original price of the car, your payments should be lower. Financial hardship assistance is an umbrella term for options like refinancing, forbearance and deferral. The new lender pays off the old loan and takes over the cars title, until youve paid it off. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. The Economics of Ride Hailing, Revisited, Retrieved from, N.A. All rights reserved. Get answers to our most commonly asked questions about Westlake here. Once this is all done, hand over the keys. This is called a voluntary repossession, and the lender takes your vehicle and sells it. 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. If you quit paying your car payment, eventually a vehicle recovery service will come tow your car. You need to change your entire attitude. Western Funding has reviewed the customers concerns and has responded directly to our customer and the ********************, in writing. It does not need your car keys to take your car. I decided to put that money in my account, which is what any normal person would do, and paid my loan bill from my account, which, where else would you pay it from. If youre able to get a lower interest rate, the total cost will still probably increase, though not as much. Los Angelas California. If you get a two-month deferral, your loan term will extend by two months. Call us now. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. How those businesses take care of those complaints is what separates good businesses from the rest. If you're at risk of having your car or truck repossessed, there are other options available besides deferment, but none quite as simple or easy. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. 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. Obviously, you dont want to default on your payments. - 100% Legal. Sam has a Masters degree in Creative Writing. How Long Does a Repo Stay on Your Credit? How can they still be able to continue these fraudulent acts. Our relationships with our affiliates may affect which products we feature on our site and where these products appear in our articles. Dont want to wait? This is completely secure and wont hurt your credit score. Ocala Florida, Westlake Financial Worst individual consumer experience of my life!!!! Ripoff Report has an exclusive license to this report. and Westlake has about 329,000 customers. 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! Yes, I also want to receive the CNET Insider newsletter, keeping me up to date with all things CNET. Western Funding has reviewed the customers concerns as well as the account. I was off work and was unable to pay a few months of my car payment and my account went in rep mode. I want this removed off my credit. I GET A LETTER demanding 2 months pmt. I told him, no I didn't! Copyright 1997-2023, Ripoff Report. You can also try selling your car yourself. Spend an hour cleaning up the truck a bit, You wont know when this will happen, and actual repossession takes place sporadically. They'd asked me for the due date so it could be handled. So they are right it is going to remain on your credit for7 years. R. 8:57 pm EST. 2023 CNET, a Red Ventures company. They just gave me a check to apologize for all the issues. WebWestlake Financial Services reviews & complaints Westlake Financial Services Customer Support Lowest Rating 21 Resolved 104 Unresolved 17% of 125 complaints were resolved File a complaint Table of contents Share Complaints Contacts Refinancing allows you to lower your payments, either by extending the term of the loan, getting a lower interest rate or, ideally, both. You have no intelligent rebuttal to his responsenone at all! We challenge inaccurate negative items with the bureaus and your creditors. WebWestlake is more than just an indirect auto lender. You may say I am totally wrong..well sorry you are with Westlake for a reason and the reason isn't seen as a positive one. Thank you for bringing this matter to our attention. I think my choices are narrowed down to give it back, stop making payments and wait for repo, or commit insurance fraud. Both firms specialize in loans to borrowers with bad credit. They totally lied to us then screwed us just to get our money! If you leave your vehicle in repo, either because you can't afford to get it out or you just decide it's not worth it, you're still not completely off the hook. Now when i traded in my truck they also recoreded it as a cash down not as trade in. We apologize for the negative experience. Uber may be an option depending on how far you live from work and how often you need to commute. This is not legal advice and no attorney-client relationship is established. Chances are if you're worried about making your car payment, you have other bills keeping you up at night, too. And Westlake is just one of seven firms that make up the multibillion-dollar empire controlled by Hankey, estimated to be worth $2.56 billion. Vehicle Repossession Retrieved from. With voluntary repossession, you agree on a time and place to return an item youve financed to your lender. They didn't. Look at your response to my report! However, they are so sneaky and distrustful that they reported this information to the credit bureau in March of 2014. My mom passed away October the 11 2022 I want to keep the car an continue to make the payment they want me to refinance **** which is crazy there a awful loan company they to be shut down. On the downside, interest will continue to accrue during the months you skip your payment, so you'll end up paying more for your vehicle in the long run. I am not liable for this debt with WESTERN FUNDING and do not have a contract with WESTERN FUNDING. But these arent the only options. They prey on people with bad credit desperate to get a vehicle. The posting time indicated is Arizona local time. Youll always be able to tell what youre clicking. Want to check your To ensure that our articles and reviews are objective and unbiased, our writers and editors operate independently from our advertisers and affiliates. Learn more about how we make money. Los Angeles CA, Westlake Financial Co Still sent out an order to repossess vehicle. I logged in on the 14th and made the payment online as I was feeling so sick from surgery. The dealer felt bad for us and all the money we'd spent going back and forth from our home to ********** as well as the "pain" we experienced not having the car we'd purchased-- it was/is the exact color and model my wife wanted. Often the lender won't even charge a late fee until the payment is at least 10 days late, and most won't report it to the three major credit bureaus until it's over 30 days late. However, it may look better to lenders than an involuntary repo. If you would like to see more Rip-off Reports on this company/individual, search here: First of all, unless Robert has made a major purchase, this SUB-PRIME lender is NOT his company. And best of all, their advice and budgeting help is FREE!
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