Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: TermLimits4All

I’m really surprised your CU uses a paper check to forward your payment to GMAC. I’ll rephrase that. That is BS. I take you at your word that you were told that, but I would suspect that is some goofball story told you by a bank clerk. This is not 1993.

You need to get above the “clerk” level at your CU and get to a manager, get them to write a letter on letterhead that those payments were made and were made timely. Certainly, you have a ckg acct statement showing those exact amounts. I assume they are unique amounts with cents in the payment, eg; not $330.00 but $331.28 that are immediately identifiable and unique; and that prior payments of that precise amount were made on time and that you ckg acct never sank below a minimum balance where those amounts could not be paid without an NSF. Most banks show a “minimum daily balance” on their stmts.

If the false credit report actually dings your report and makes you ineligible for a refi THAT YOU WERE IN PROGRESS FOR when the ding dinged you, that is quite potentially actionable. You will need a letter from the lender stating you can’t get “that” loan any more.

I doubt you’ll be able to find an attorney to take this without a substantial retainer, but a 1% difference on a $150K refi is over $23K in interest over 30 years. That ain’t chopped liver.


30 posted on 07/01/2019 6:32:49 PM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Attention Surplus Disorder

It is a smaller credit union in my area. They did confirm the check was a cut check that is mailed to GM Finance. I will certainly be stopping by the branch tomorrow for said letter. My interest rate is such that it wouldn’t be worth it to refinance because I wouldn’t be able to take advantage of the lower rates available.
I was patient to a point with GM but now all bets are off.


34 posted on 07/01/2019 7:23:32 PM PDT by TermLimits4All (Immigration? Yep I support it, LEGAL IMMIGRATION DONE THE RIGHT WAY! Walls save lives.)
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson