My car got paid off by mistake?
Registered User
Joined: Mar 2006
Posts: 1,011
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From: Toronto
If they said your loan account is zero dont say anything and keep all letters and records. but to me it sounds like your payment bounced becuase you didnt have the funds to cover it. make sure they didnt **** up and clear out your chequing account
Registered User
Joined: Oct 2003
Posts: 9,054
Likes: 3
From: Rio Grande Valley, New Mexico
I for sure wouldn't just wait and see, this can affect your credit rating, even though it's a mistake, any late payments will cause an issue. My advice is don't just wait, get it straightened out ASAP!
Staff ALUMNI
Joined: Apr 2007
Posts: 12,315
Likes: 45
From: California
Originally Posted by ABQ_G35
I for sure wouldn't just wait and see, this can affect your credit rating, even though it's a mistake, any late payments will cause an issue. My advice is don't just wait, get it straightened out ASAP!
+10000!!! I agree 100%... do the right thing.
Originally Posted by burns420
If they said your loan account is zero dont say anything and keep all letters and records. but to me it sounds like your payment bounced becuase you didnt have the funds to cover it. make sure they didnt **** up and clear out your chequing account
Daymn.....I'd be happy if they forgot the 3k I have left to pay off!
But, like most others said, something isn't right.....don't let their mistake screw with your credit history......Don't let it go too long. Get to the bottom of it, and you'll either get a title, or get to continue to pay off the sucker.
Good luck
But, like most others said, something isn't right.....don't let their mistake screw with your credit history......Don't let it go too long. Get to the bottom of it, and you'll either get a title, or get to continue to pay off the sucker.
Good luck
Originally Posted by G-girl
Nismo,
I'm a big fan of "doing the right thing".
Call your lender and tell them that they may have made a mistake. This is karma testing you.
It's the right thing to do.
~G-girl
I'm a big fan of "doing the right thing".
Call your lender and tell them that they may have made a mistake. This is karma testing you.
It's the right thing to do.
~G-girl
At least you wont have to make a payment for a while untill they do figure it out. This of course might take a while so sit back and relax, banks dont make permanent mistakes in your favor.
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Posts: n/a
20k is quite a bit... I'm with the few that say you need to go up to the bank personally, show them the letter, and see what they say.
Perhaps play a little stupid to see if they can call around to check and be absolutely positive, then get something else printed out saying everything was fine and the bank agrees with the zero balance. Then there is nothing you can't say you didn't do to try and correct the problem if later on something does come up.
In short, 20k is a good chunk of change in the numbers. Someone will want their money...
Perhaps play a little stupid to see if they can call around to check and be absolutely positive, then get something else printed out saying everything was fine and the bank agrees with the zero balance. Then there is nothing you can't say you didn't do to try and correct the problem if later on something does come up.
In short, 20k is a good chunk of change in the numbers. Someone will want their money...
Joined: Nov 2003
Posts: 30,233
Likes: 175
From: Rothesay, New Brunswick, Canada
Originally Posted by ABQ_G35
I for sure wouldn't just wait and see, this can affect your credit rating, even though it's a mistake, any late payments will cause an issue. My advice is don't just wait, get it straightened out ASAP!
Staff ALUMNI
Joined: Apr 2007
Posts: 12,315
Likes: 45
From: California
Originally Posted by Polishthrust
i belive in karma.. but lets take a different prespective here. Perhaps positive karma is paying him back...
Joined: Feb 2006
Posts: 13,068
Likes: 101
From: Southern Cali --> 818
Originally Posted by G-girl
Nismo,
I'm a big fan of "doing the right thing".
Call your lender and tell them that they may have made a mistake. This is karma testing you.
It's the right thing to do.
~G-girl
I'm a big fan of "doing the right thing".
Call your lender and tell them that they may have made a mistake. This is karma testing you.
It's the right thing to do.
~G-girl
It would be a dream if this happened to me.
.
Registered User
Joined: Oct 2003
Posts: 9,054
Likes: 3
From: Rio Grande Valley, New Mexico
Originally Posted by Garnet Canuck
Exactly! I definitely wouldn't just wait it out either. If they figure out they made a mistake 6 months later and come looking for payments, your credit is gonna take a hit. If it were me, I'd be on the phone with the bank until I found out what is going on.