Associated Credit Union is engaging in fraudulant and deceptive practices, ripping off their customers by misapplying monthly payments, mostly towards interest.
Around September 2001 I purchased a 2001 Chrysler Mini van. I went to Assciated Credit Union to get financing, although my credit was blimished I was able to get financede using an inhouse program called CURE Inc. This inhouse company, financed my van for 60 months, a normal repayment plan. I signed up for automatic drafts from my savings account. I made bi-weekly payments on time for 36 months.
Because of a change in my job status, I started to make late payments, each late paymwnt cost an additional $11.90, I was late repeatedly for some time, I lapse on my auto insurance and they added a $2500 premium for insurance to my balance, once my insurance was reinstated I was refunded $750. I also requested and received 5 deferments totaling about $2,200.
Yet after adding all late payments, deferments and insurance premiums, it does not come close to the additional $16,000 that they are trying to force me to pay.
To make a long story short. In 2006,nearing what was suppose to be the end of the 60-month agreement that I signed, I called for a payoff amount and to confirm my maturity date, I was floored when the represenative told me my maturity date was October 2008 and that at the time, I still owed $12,000 on a 24,000 van that I bought nearly 60-months ago at a 9.9 interest rate.
After several attempts to resolve or understand the mix-up I was totally ignored, so I filed suit in Gwinnett county Magistrate Court for brech of contract, the court ruled for the defendant. So I suited in Gwinnett County State Court for violating Fair Credit Billing Act, the Judge ruled that my actions were barred and a summary judgement was granted because pursuant to O.C.G.A. 9-12-40 which basically says that once a court has ruled, the same cause of action can not be re-litigated.
If anyone is going through the same thing or If anyone knows what I can do next, please comment.