• Report: #1130348

Complaint Review: Financial Recovery Services, Inc

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, March 12, 2014
  • Updated: Wed, March 12, 2014

  • Reported By: James — phoenix Arizona
Financial Recovery Services, Inc
p.o. box 385908 minneapolis,Ms, Minnesota USA

Financial Recovery Services, Inc they are attempting to collect on a account that was a charge by original creaditer becouse of court orders to not persue Five yers ago. minneapolis, Minnesota

*Consumer Comment: The divorce decree does not change the finance contract

*General Comment: Bad News for You

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!

THIS LOAN WAS A EX WIFES TRUCK THAT WAS GRANTED TO HER IN DEVORCE WITH HOUSE AND I HAD TO FIGHT BEFORE IN COURT.

COMPANY COULD NOT COLLECT FROM ME SO THEY CHARGED IT OFF. IT SHOWS THIS ON MY CREADIT REPORT AS WELL.

THIS COMPANY IS TRYING TO COLLECT ON A ACCOUNT THAT DOES NOT EXSIST ANY MORE.


This report was posted on Ripoff Report on 03/12/2014 09:37 PM and is a permanent record located here: http://www.ripoffreport.com/r/Financial-Recovery-Services-Inc/minneapolisMs-Minnesota-55438-5908/Financial-Recovery-Services-Inc-they-are-attempting-to-collect-on-a-account-that-was-a-c-1130348. 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 Financial Recovery Services, Inc

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

The divorce decree does not change the finance contract

AUTHOR: FloridaNative - ()

The previous rebuttal is exactly correct. Your divorce decree and property settlement agreement do not cancel or wipe out any finance agreements you signed previously.

When your ex-wife failed to pay you were still on the hook to pay off the vehicle because both of you signed the finance contract originally. Your finance company is NOT part of your divorce. It is a contract that is not affected by your divorce. Your divorce did not change your obligation to repay the loan. Most importantly, your divorce does not wipe out previous contracts or previous accounts.

The judge did not say that the collector didn't have a right to collect from you - read your property settlement agreement again. Your recourse is against your ex wife in the event you had to pay due to her failure to pay it off.

In a divorce the best way to protect yourself from these kinds of surprises is to pay off all joint debt or refinance the collateral into the individual name of the party responsible for payment.

You also state that you gave her the house in the settlement. If you had a joint mortgage on the house, the same thing applies to the mortgage. You are responsible even if she was given the house unless she has refi'ed it into her name alone.

 

Respond to this report!
What's this?

#2 General Comment

Bad News for You

AUTHOR: IamGood - ()

 I am assuming since the finance company that financed the Truck was in both your name, AND your wife's name. At the time of the divorce, your wife was given the truck in the settlement, and she was ordered by the court to make the payments.

It is clear to see that she did not pay for the truck, and the finance company could not find the truck,so they came to you for payment, and you told them about the court order that says your wife is to pay for the truck. They did not care, and continued to try to make you pay, and you held your ground, and said NO!!!!.

After a while they charged off the debt as uncollectable because you wont pay, and they cannot find your wife.

Facts:

Even through the Judge ORDERED your wife to pay for the truck, he cannot ORDER the finance company to drop you from the contract.  The only way that this would happen is that your wife would have to refnance the truck, and signed the new car finance contract on her own.

I dont believe , as you are making it seem, that a Judge issued a ruling to the Finance Company not to attempt to collect from you. 

If you went back to court to tell the judge that your ex wife ran off with the truck, and the finance company is attempting to make you pay.  The Judge would have told you to pay off the truck, and then sue your wife in court to collect the money.

Sorry, your wife screwed you one last time,and now this collection agency  is trying to collect the money due, as the finance company sold them the debt.  Just because the debt was charged off, doesnt mean it doesnt exist.

 

 

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.



Ripoff Report Legal Directory