Pa
  • Report: #393624

Complaint Review: Wfs Financial Services

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  • Submitted: Friday, November 21, 2008
  • Last Posting: Wednesday, December 03, 2008
  • Reported By: — stafford springs Connecticut
Wfs Financial Services
www.wfs.com Connecticut California U.S.A.

Wfs Financial Services CLASS ACTION LAWSUIT FILED IN CONNECTICUT AGAINST WFS Connecticut California


2Author 2Consumer 0Employee/Owner

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It's about time !

I just recieved a legal notice that WFS is being sued in the state of Connecticut for illegal repossession of vehicles and reselling them for less than reasonable market value and charging the client for balance .
The results of the lawsuit will enable clients who had their vehicle repossed in Connecticut to have the repossion taken off there credit report all negative equity balances set to 0 and each client will recieve a check for $575.00 for damages .

Connecticut is one of a few states that have reposession laws check your states statutes and call the attorney general in your state.

Cleo
stafford springs, Connecticut
U.S.A.

This report was posted on Ripoff Report on 11/21/2008 11:04:57 AM and is a permanent record located here: http://www.ripoffreport.com/car-financing/wfs-financial-servic/wfs-financial-services-class-a-c9eam.htm.

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REBUTTALS & REPLIES:
2Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Detail..

AUTHOR: Robert - Irvine (U.S.A.)

SUBMITTED: Friday, November 21, 2008

Please provide more detail of this "Legal Notice". Such as the Court information and Case Number. If there is a web site link on this notice post that also.

I will say that if what you are posting is true you can waive good bye to banks providing car loans in CT. Because no bank will approve a loan where they basically have no recourse if you decide to turn the car back in and just walk away.
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#2 Update By Author

heres the case info Robert

AUTHOR: Cleo - stafford springs (U.S.A.)

SUBMITTED: Tuesday, December 02, 2008

It is obvious by your rebuttal Robert you work or have a affiliation with WFS Im suprised you already do not have this information ,However here it is I hope other people affected by WFS in Connecticut take down this information,
the case number:3:07-cv-00161 (CFD)

court location :
united states district court
450 main street
hartford,connecticut
06103

I hope this is just a start and this company goes down!
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#3 Consumer Comment

Class Action Info

AUTHOR: Robert - Buffalo (U.S.A.)

SUBMITTED: Wednesday, December 03, 2008

Case No. 3:07-cv-00161 (CFD) (documents available from PACER.)

Conneticut has some unique state laws that WFS allegedly violated, hence the class action lawsuit in CT. A written notice of repossession must be mailed to purchaser - this is subclass A of the action and will receive $215. Repossessed vehicle's actual fair market value must be assessed towards the delinquent account (not the auctioned, actual resale amount.)-this is subclass B of the action and will receive $575.

I would note that the lead plaintiff will receive $2000. As in all class action lawsuits, the LEAD PLAINTIFF gets a substantial award and the "class" plaintiff receive a pittance.
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