- Report: #1304745
Complaint Review: Bartolini finance - MESA Arizona
-
Author Not Confirmed
Why?
Bartolini finance
734 W MAIN ST MESA, 85201 Arizona, USA
Phone:
480-890-8101
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Bartolini finance CNAC/J/D BYRIDER THIS COMPANY FILED A LAWSUIT AND GARNISHED MY WAGES AFTER I VOLUNTARILY GAVE MY VEHICLE BACK TO THEM AFTER A COUPLE MONTHS OF HAVING IT MESA Arizona
THERE WAS COMPLETE ENGINE FAILURE NOW THAT HAVE GARNISHED MY WAGES TRYING TO COLLECT 13,000. THEN TODAY REPORTED ON MY CREDIT 120 DAY LATE. WHEN I CALLED TO ASK WHY IT WAS REPORTED THAT WAY THEY HAD NO EXPLANATION
I baught a car from CNAC/Bartolini Finance/ J/D by ryder. over 10 years ago. i had the car all of 7 months before the care went into complete engine failure. so i advised them to come and pick up thier vehicle. 10 years later they sued me without any notification.
this past month the company hit me with a garnishment trying to collect 13,000.00. I have since called to see if they coulf reduce the percentage that they were taking out. i was advised by some lawyers tha there was nothing that i could do in regards to stopping the garnishment besides to file bankruptcy.
I believe that this account is way to old to try to collect a debt from over 10 years. I then checked my credit and found that they put a 120 day late. if they are taking money out of my check why are they hitting me with a 120day late. i called them to asked this question and was told it was fromt he original reporting. i said from 10 years ago? you cannot do that.. or can they
1 Updates & Rebuttals
FloridaNative
Palm Beach Gardens,Florida,
USA
You had a voluntary repo that is now a judgment
#2Consumer Comment
Fri, May 27, 2016
I am a consumer and not affliated with the lender you are writing about, but I do know how judgements work.
When you turned in the vehicle that is a voluntary repo and it is handled the same way as an involentary repossession. The vehicle is auctioned off for pennies on the dollar and you owe the balance of the loan. Turning in the vehicle does not extinguish the loan at all.
Most lenders will get a judgement against you for the balance of the loan + the fees. This judgment continues to accrue interest at the statutory rate. Check your state's statutes for the statutory rate and the allowed term and renewal terms for the judgment.
Once the judgment is issued and you haven't paid, the judgment lienholder has a variety of methods to collect the funds including garnishment. These judgments last a very long time, 10 years in some jurisdictions and 20 years in others + the ability to renew until paid. Each state is different so check your state statutes so you have accurate information for the duration of the judgement.
One more thing, even if the judgement is not on your credit report, it is still in the public records and remains active until paid or until it is no longer renewed. So pull up your public records so you can see the judgment(s) recorded against you.
