CarMax financed the warranty on my car for 3 years 36,000 miles, whichever comes first. they also said that i can cancel it any time, no strings attached. i kept the warranty for 6 months and then i got it canceled. they looked at my odometer to enter the mileage when i canceled the warranty and gave me a Returned Agreement. The store manager is the one responsible for these agreements. i asked the store manager that if i owe them anything before i sign this. may be a prorated charge or something. he said no everything is fine. i canceled it on November 21st 2006. i received a notice from the Carmax Financing that i owe them for December. i called them and told them that I%26#039;ve canceled the warranty but they said i still owe them like $320 sumthing. i went to the carmax store and they said they can do nothing and i need to talk to the financing people and the financing people say i need to talk to the store people. and they%26#039;ve already put it on my credit. What should i do?
Dispute an item on my credit report?
First...don%26#039;t listen to the first answer. 2nd, YES dispute this to all 3 CRA%26#039;s Tu, EX, EQ...then (most important item) report this to the better Biz Bur %26amp; the Attorney General%26#039;s office, make their lives a living hell...it will go away %26quot;IF%26quot; you fight them, they will beg you to let them go.
DO NOT allow them to get away with this BS...remember the laws are written to protect the consumer
Dispute an item on my credit report?
Possibly you may not be able to do anything. You got a verbal OK that you will not owe anything, but the written contract may stipulate that you do, and you are bound by that. However, since you canceled in good faith and were told that settles it, you can write a letter to both sides, explain what happened, and tell them that under the circumstances you do not feel any obligation to pay their claim. Your letter should indicate that you did not receive any service under the warranty (if that is the case) so there should be no reason for you to pay a premium. Copies of the letter should go to the credit reporting agencies with a request to remove the item from your credit record.
This may not accomplish anything, but short of seeing a lawyer and have him file a suit, there is little you can do..
Dispute an item on my credit report?
Send a letter to the credit reporting agencies telling them you dispute this information that is on your report. They will sometimes just remove it. Other times they will contact the company that made the report and ask them to verify their info. The company may just have the item removed. If they do not agree to remove the item then you can send a notice that must be placed on your credit file telling why you dispute the charge. All who view your credit history will be able to see what you have written.
You should call carmax again and speak to a manager in collections not the store and not the financing dept, who may be able to help clear this matter up.
Dispute an item on my credit report?
You have some terrible answers here...
Tell me is very optimistic...but his advice will not get you anywhere. You can file a dispute with the credit bureau, who is then required to verify the debt with the creditor. Most likely it will be verified, and it won%26#039;t go anywhere.
And let me remind everyone again...the Attorney General and FTC NEVER get involved in individual civil cases. They will add you to their files and if they get enough complaints they MAY investigate a class action case. But anything received goes to them, not you. So if you are so angry you want to waste a postage stamp...go for it. Just understand it%26#039;s not going to get you anywhere.
The BBB is a joke! Remember, this is a group of businessmen who attempt to monitor other businesses and act as a database for consumer disputes. They have no power or legal authority. Again, it%26#039;s a big waste of time.
In your case, everything is going to depend on what is on the documents you signed. If they only thing you have is a verbal agreement, you are going to have an extremely difficult time getting this in court. A good attorney could try to sue them, get this into a jury trial and let the person who gave you the verbal agreement to testify. But the cost to you in legal fees will far exceed the $320 you owe.
Read the contracts, and if it looks like you do owe them, try negotiating a settlement. Offer half. But in any case, demand that they delete this from your credit report.
One more thing about Ebosgram%26#039;s answer....
NEVER EVER send the credit bureau that 100 word statement. It is a major trap. Here is why.
1) Most places do not even read the consumer statement. They depend on the credit scores, which do not reflect these statements at all. And if they pull your whole credit report, and IF they read the statement, in most cases they only see it as an excuse as to why you didn%26#039;t pay your debt.
2) This is the real kicker. When you send in that statement, you are VALIDATING your own debt! In the future, if you were to try and dispute this, the credit bureau will see your statement and see that you are admitting to the debt and verifying it should be there. Instant rejection letter, they won%26#039;t even bother to contact the creditor for verification.
NEVER use the consumer statement option on your credit reports folks! Just dispute the entry and cross your fingers that they fail to do their jobs.
No comments:
Post a Comment