recommendations
  • Report: #642049

Complaint Review: Household Automotive Finance co.

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Sun, September 19, 2010
  • Updated: Sun, September 19, 2010

  • Reported By: GADGETMAN4152 — Santa Clarita California United States of America
Household Automotive Finance co.
PO BOX 603 Oaks, Pennsylvania United States of America

Household Automotive Finance co. MCM OR Midland Credit Management,Inc. charged me $9,968.45 for a vehicle I can not even have. Has been sold to another individual. Oaks, Pennsylvania

*Consumer Comment: Nice Try..

*General Comment: no rip off

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I RECIEVED a payment demand letter from MCM Midland Credit Management,Inc. with 3 options to pay for a vehicle that was already sold to another individual.So my complaint is why am I paying for a vehicle I can no longer get.This tells me that Household Finance is getting paid twice for the same vehicle.My account #for this co.is xxx7356 $9,968.45 would have been the amount that they wanted.THIS IS A TOTAL RIP OFF if there ever was one!!!! I understand my obligation to pay for the vehicle but I now have nothing to show for it.This can not go on any more by these BIG car companies and the financial companies associated with them.

This report was posted on Ripoff Report on 09/19/2010 01:06 AM and is a permanent record located here: http://www.ripoffreport.com/r/Household-Automotive-Finance-co/Oaks-Pennsylvania-19456/Household-Automotive-Finance-co-MCM-OR-Midland-Credit-ManagementInc-charged-me-99684-642049. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Household Automotive Finance co.

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Nice Try..

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

I understand my obligation to pay for the vehicle


- It isn't quite that simple.  When you get an Auto loan you made a legal agreement to pay back the money borrowed.  Even if you no longer have the car, for what ever reason, you are required to pay the balance of the loan.  It does not matter if it was stolen, reposessed, or totalled in an accident.  This would be the same for every car loan.


There is one item that is a bit confusing.  Just how did this car get "sold" if there was a balance owed on the loan?

Respond to this report!
What's this?

#2 General Comment

no rip off

AUTHOR: debtexpert - (United States of America)

What they are asking you to pay for is the LOAN you took out to get the car, not the car itself.


Since you say the car was sold to someone else I assume you meant it was repoed and auctioned off to another individual.  What this company did is take the amount they got at the auction for the car and took it off the balance you owed on your loan.


You still have to pay the loan off. I have dealt with this issue several times and I know for a fact that every one of the dozen pieces of paper you had to sign when you got the loan for the car said even if it goes into repo, you are obligated to pay off the remaining  amount of the loan. They would NEVER have given you that loan if you did not sign that agreement.

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.

Wal-Mart.com USA, LLC


Ripoff Report Legal Directory